Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Grieg Seafood salmon farm in Skye is part of Grieg Seafood Shetland (GSFSH) (Photo: Grieg Seafood ASA)

Grieg Seafood mulls selling its Skye fish farms

Click on the flag for more information about United Kingdom UNITED KINGDOM
Thursday, August 22, 2019, 01:10 (GMT + 9)

Norwegian fish farmer Grieg Seafood  is considering the possibility of selling  its operations on the Britain’s Isle of Skye in order to better concentrate the company’s resources and operations.

The Isle of Skye, connected to Scotland's northwest coast by bridge, is known for its rugged landscapes, picturesque fishing villages and medieval castles.

Grieg has two operating units in Norway and one in British Columbia (BC), Canada, as well as a joint unit handling operations in Shetland and Skye.

"We have initiated a strategic assessment for our operations on Skye, as we see that the synergy between our farming areas on Shetland and Skye are low," Grieg CEO Andreas Kvame said in a statement.

He also said the jobs in Skye should not be affected.

The Grieg Seafood Group harvested 21,800 tonnes GWT in Q2 2019, compared to 22 570 tonnes in Q2 2018.

Total revenues during the quarter amounted to NOK 2.2 billion, unchanged from Q2 2018.

Farming cost during the quarter (total cost related to fish harvested this quarter) increased from the same quarter last year, mainly driven by higher cost in Shetland and BC due to biological challenges related to sea lice and algae blooms.

Harvest volume 2018 and target volume 2020 ( 1.000 tonnes GWT) Source: Grieg Årsrapport Børs 2018

The Group’s EBIT before fair value adjustment of biological assets was NOK 309 million (NOK 426 million in 2018) during the quarter, corresponding to an EBIT per kg of NOK 14.17 (18.89). EBIT from the four regions includes value creation from the respective sales activities of the Group’s jointly-owned sales company, Ocean Quality.

Grieg Seafood expects to harvest approximately 82,000 tonnes in 2019. Expected harvest volume for Q3 2019 is 20,200 tonnes, comprised of:

  •     Rogaland: 2,800 tonnes
  •     Finnmark: 10,600  tonnes
  •     Shetland: 3,500  tonnes
  •     BC: 3,200  tonnes

The company did not provide a breakdown for revenue or output from Skye.


editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Canada
Mar 29, 07:10 (GMT + 9):
Cooke Aquaculture Named One of Atlantic Canada’s Top Employers
France
Mar 29, 07:00 (GMT + 9):
Other Media | The Fishing Daily: French Minister Urges Dialogue Over UK Expansion of Marine Protected Areas
Thailand
Mar 29, 07:00 (GMT + 9):
Thai Union Collaborates to Achieve Zero Wastewater Discharge and Establish an Industry Learning Center
Russian Federation
Mar 29, 07:00 (GMT + 9):
Russia and China Combat Illegal Fishing: Electronic Certificates of Legality for Catches
United Kingdom
Mar 29, 07:00 (GMT + 9):
Brexit costs Scotland up to USD 126.09 million-a-year in lost salmon exports
Japan
Mar 29, 03:00 (GMT + 9):
Driftnet fishing for salmon and trout starts early. Agreement with Russia
Russian Federation
Mar 29, 01:00 (GMT + 9):
Will the Russian Far East be the country with the most snow crabs in 2025?
Viet Nam
Mar 29, 01:00 (GMT + 9):
Shrimp exports from Ecuador are facing many challenges
Australia
Mar 28, 21:10 (GMT + 9):
IN BRIEF - At WTO, Australia seeks details on India's fisheries plan
Croatia
Mar 28, 21:00 (GMT + 9):
IN BRIEF - Cromaris business results in 2023
United States
Mar 28, 07:20 (GMT + 9):
AQUA Cultured Foods Partners with Ginkgo Bioworks to Optimize Alt-Seafood Production
United States
Mar 28, 07:00 (GMT + 9):
Seafood Expo Global Announced Finalists of the 2024 Seafood Excellence Global Awards
Norway
Mar 28, 07:00 (GMT + 9):
Borealis and AKVA group launch groundbreaking Polarcirkel™ workboat hull crafted from renewable feedstock-based plastic
Viet Nam
Mar 28, 07:00 (GMT + 9):
China & HK imported 75 million USD of Vietnamese pangasius
Japan
Mar 28, 07:00 (GMT + 9):
The first fly meal-based food in Japan developed by Nichimo



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Clipfish challenges in Brazil: Port bureaucracy stops millions worth
Brazil More and more clipfish containers are being stopped in Brazilian ports. - Complicated regulations make market access challenging, to say the least, say Norwegian exporters who risk large losses. Bra...
Catches in the Sea of Okhotsk and Bering Sea
Russia Fed. Situational update as of 03/24/2024 Source: Stockfile FIS Sea of Okhotsk (pollock) According to OSM data in the Sea of Okhotsk, pollock catch (industrial and coastal fisheries) as of March 24, 20...
Productive Development of the Fishing Activity
Peru Fishing Sector Bulletin - January 2024 The landing of hydrobiological resources registered a negative interannual variation of 62.7%, as a result of the lower landing of fishing resources for indirec...
NGO Sues UK Government Over International Fishing Quotas
United Kingdom Blue Marine Foundation, a charity dedicated to restoring the ocean to health, has launched legal proceedings over the government’s decision to set fishing opportunities, for more than half UK st...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER