Copeinca profit dives on low fishmeal, oil volumes

EBITDA down 86% in first quarter of the year, as company echoes Austevoll’s prediction of strong year ahead (more…)

LA investor buys family-owned Oregon sardine distributor

CounterPoint boosts portfolio of West Coast seafood suppliers with acquisition of West Bay Marketing (more…)

Iceland disputes ‘partisan’ downgrading by MSC

Marine Conservation Society’s decision to rate the Icelandic mackerel fisheries as ‘least sustainable’ smacks of partisanism, say Icelandic vessel owners (more…)

FDA seeks preliminary injunction against NY processor

US department of justice, on behalf of Food and Drug Administration, is seeking a preliminary injunction against New York City Fish, and several of its key employees

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Think tank warns of ‘long road’ for Cermaq in Chile

Newly released study raises concerns about Cermaq’s corporate responsibility in Chile, says Norwegian thinktank, ForUM (more…)

Austevoll shares suffering from poor PR

Oslo stock exchange. Few analysts will be very confident about which way Austevoll share is going, says iLaks

The problem with incomplete information from a stock-listed company is that it can develop into a low share value. With that, half the point of being stock listed disappears (more…)

Oceana invests in canned fish stock

South Africa’s Oceana Group, close to announcing an acquisition, is shifting cash off its balance sheet into canned fish stock as quotas come down and demand grows (more…)

EU gives Faroes one-month ultimatum over herring sanctions

Step is most concrete action taken so far towards potential sanctions, although some skepticism remains over their likelihood (more…)

Norwegian gov meets with Marine Harvest

Norway's minister of trade and industry, Trond Giske, has backed Cernaq's bid for Copeinca at expense of Marine Harvest's ambitions

But meeting did not change government’s stance on backing of Cermaq’s bid for Copeinca, says ministry (more…)

Icelandic firms don’t expect quick benefit from China deal

Icelandic sources suggest free trade with China will not have a big impact yet, though one company disagrees

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Skagerak reaps rewards of new plant

Skagerak Pelagic reversed its loss in 2012, as it settled in to new, larger plant, with production now merged in Skagen (more…)

Fishmeal, oil prices to remain strong on low volumes

Drop in production of 14% for meal and 22% for oil, combined with low inventories, mean prices should remain high, say Austevoll Seafood (more…)

Iceland: We will cut mackerel catches if you will

Country urges EU member states and Norway to negotiate further on quotas if the two sides are to agree on a concession

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Austevoll consolidates Norway Pelagic

Takeover boosts Austevoll quarterly revenue, which breached €400m mark, while strong salmon and trout prices helped offset a poor quarter for pelagic and fishmeal activities (more…)