NTS Q4 revenue hits $290m after acquisitions, but margins down
The farming and aquaculture service vessel group reported quarterly earnings of NOK 479m, up 178% year-on-year
2021 was ‘strong year’ for EU bass, bream production with up to 9% growth
2021 looks to have been 'a stronger year' in terms of EU farmed seabass and bream production, with a growth rate expected for the entire year of between 4% and 9%
Editor’s choice: Russia sanctions would ‘devastate both sides’; PE puts US lobster firm up for sale
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Ecuador diverts Russia-bound shrimp to safer ports
The Ecuadorian shrimp sector plans to divert export containers bound to Russia to other ports until the market can be reached safely
Norway, Scottish salmon prices dip while Chile’s keep rising in week nine
There appears to have been a small price correction in Norway as a result of Russia's invasion of Ukraine, but prices remain historically high as the supply shortage continues
UK sustainability group acquires fishery consultancy firm
RSK group has acquired Devon-UK-based Fishtek, which designs fish and eel passes as well as providing fisheries consultancy both in the UK and abroad
Japanese aquatech, oil firms to begin joint research on blue carbon, circular economy
Japanese aquatech firm Umitron has launched a capital and business alliance with the country's top oil company ENEOS Holdings to do research on blue carbon in aquaculture
Spanish aquaculture on track for full recovery from COVID, storm Gloria in 2022
Spain's marine aquaculture firms continue to be financially impacted by the effects of the pandemic and storm Gloria, but production should fully recover by 2023
Iceland the focus of NRS’ planned $88m capex spend for 2022
NRS expects to phase out its use of triploid salmon, release the first big smolt from its new facility, and open a new Icelandic processing facility this year
Vietnam pangasius exports to China dive in January
The country's exports were down for the first time in four months, mainly thanks to the fact that sales to China fell by more than 50%