Lofitorsk tangentially suffered from the rumours and incidence of 'monster cod'. (Photo: Fiskeridirektoratet/Stock File)
(NORWAY, 6/25/2010)
Norwegian cod farming company Lofitorsk filed for bankruptcy last Thursday.
Lofitorsk is the parent company of Lofilab, which produces cod seedlings in Lofoten, and also of Storfjord Torsk, which raises cod in Storfjord in the Troms region.
Last year, Lofitorsk attempted and failed to obtain new capital, according to Chairman Steinar Eliassen. The company had to cope with biological problems, especially pertaining to diseases and a variable rate of fish production.
As a result, the breeder had to continually invest in its juvenile production without achieving a return on investment.
Lofitorsk also struggled to deal with repeated co...
(More Info)
Reduction in Fishing License Quotas Viet Nam
On April 11, 2024, Deputy Minister of Agriculture and Rural Development Phung Duc Tien signed Decision 1037/QD-BNN-TS on announcement and adjustment of quota allocation for fishing licenses in the reg...
Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved. DISCLAIMER