Grieg profits drop but hopes high for Canada and Norway Grieg Seafood saw its profits drop in Q2 but forecasts a strong financial situation and growth in Norway and Canada following the sale of its Shetland operation to Scottish Sea Farms.
Salmon price-fixing case heads back to court The latest chapter in a tale of alleged price fixing that began with raids on the Scottish offices of Norwegian salmon farmers more than two years ago was due to be written in a courtroom in the United States today.
Grieg board given option to issue new shares Shareholders in Norwegian salmon farmer Grieg Seafood have authorised directors to increase the company’s share capital by almost NOK 45.4 million (£3.85m).
High costs for Grieg in Canada Grieg Seafood’s total harvest volume for the first quarter of this year was approximately 13,600 gutted weight tonnes, excluding volumes from the Shetland operations which are classified as held for sale.
Grieg puts £125m price tag on Shetland farms Grieg Seafood’s Shetland business, which it put up for sale last November, has been valued at NOK 1,481 million (£125 million).
Grieg makes £1.5m loss in Q4 of ‘challenging year’ Disrupted markets with low spot prices contributed to an operating loss for Grieg Seafood in the fourth quarter of last year.
Grieg wins permits for ‘Blue Farm’ cage concept Grieg Seafood has won three development permits for its “Blue Farm” fish cage concept more than four years after it first submitted its application to Norway’s Fisheries Directorate.
Grieg dips a toe into on-land salmon farming Grieg Seafood has become the first global salmon farmer to invest in land-based farming all the way to harvest by entering a joint venture in southern Norway.
Grieg begins new sales era with Scots and Canadian fish Grieg Seafood has begun selling its Scottish and Canadian salmon through its new, fully integrated sales and market organisation, it has announced.
Grieg raises NOK 500m under green bond Norwegian salmon producer Grieg Seafood has successfully raised NOK 500 million (£42.3m) with a “tap issue” under its existing green bond, it announced this afternoon.
Mowi is most sustainable protein producer - again Four companies that operate salmon farms in Scotland have been named among the top 10 most sustainable animal protein producers in the world, with Mowi ranked No.1 for the second year in a row.
Women conspicuous by absence on salmon company executive boards An analysis of the number of women at the top level of seafood firms shows a “conspicuous unbalance” on the executive boards of Norwegian salmon companies, despite legal quotas designed to promote equality, its authors say.
Grieg to cut eight jobs as Skye farms close Some of the 25 staff at Grieg Seafood’s farms on Skye, which are to be shut down, will be offered positions at the company’s Shetland operation.
Grieg to shut down Skye farms after mass mortality Grieg Seafood is to discontinue its operations on Skye, following an incident of high mortalities, the company announced.
