Saving Seafood

COVID second wave impacts Bakkafrost’s year-end earnings

February 23, 2021 — Faroe Islands-headquartered Bakkafrost Group saw decreased earnings before interest and taxes (EBIT) in the fourth quarter, due in large part to the depressed global market for salmon.

Bakkafrost Group delivered total operational earnings before interest and taxes (EBIT) of DKK 88.5 million (USD 14.5 million, EUR 11.9 million) in the fourth quarter of 2020, down from DKK 415.3 million (USD 67.9 million, EUR 55.8 million) in the corresponding period of 2019, with large volumes and reduced demand contributing to the downturn.

Read the full story at Seafood Source

Canada announces new 2021 measures to protect endangered right whales

February 22, 2021 — The Department of Fisheries and Oceans (DFO) Canada has announced a plan to better protect the endangered North Atlantic right whale in 2021, carrying over several measures from 2020 and adding new requirements.

Protection of the North Atlantic right whale – one of the most-endangered species on the planet, with roughly 366 individuals remaining – has been an ongoing issue for fisheries in both eastern Canada and the Northeastern U.S. as gear entanglements have been linked to whale deaths. Those ongoing conflicts resulted in a U.S. court declaring the American lobster fishery in violation of the Endangered Species Act, and prompted U.S. senators, in 2019, to call on Canada to do more to protect the species.

Read the full story at Seafood Source

Norwegian salmon prices fall as shuttered restaurant trade takes its toll

February 9, 2021 — Norway’s seafood exports fell by a double-digit percentage in January 2021 compared to 2020, largely the result of ongoing downturns related to COVID-19.

Norway exported NOK 8.1 billion (USD 941.5 million, EUR 786.1 million) worth of seafood products last month, some 16 percent or NOK 1.6 billion (USD 185.8 million, EUR 155.3 million) less than it sold to overseas markets in January 2020, with reduced demand for salmon accounting for much of the downturn. Reduced exports of trout and fresh cod compared to the record month of January 2020 also contributed to the lower earnings.

Read the full story at Seafood Source

Millions made available for Scotland’s struggling seafood sector

February 3, 2021 — Scotland’s seafood sector is gettting a boost from the government as the industry continues to struggle with both the COVID-19 pandemic and trade issues caused by Brexit.

The new GBP 7.75 million (USD 10.4 million, EUR 8.7 million) funding package offers support to Scotland’s fishermen, seafood businesses, and ports and harbors, all of whom have been threatened by the ongoing effects of the COVID-19 coronavirus as well as the United Kingdom’s exit from the E.U., the Scottish government has confirmed.

Read the full story at Seafood Source

EU, Greenland ink new fisheries partnership agreement

January 11, 2021 — Negotiations have concluded for a new sustainable fisheries partnership agreement (SFPA) and protocol between the European Union and Greenland that will strengthen their cooperation in the fisheries sector for the next four years, with the possibility of a two-year extension.

According to the European Commission, the agreement is “a new important milestone” in the long-standing bilateral cooperation between the E.U. and Greenland on fisheries issues, and renews their commitment in promoting a sustainable use of marine resources.

Read the full story at Seafood Source

Norway’s seafood exporters have near-record year despite COVID challenges

January 6, 2021 — Despite the ongoing challenges posed by the COVID-19 pandemic, Norwegian seafood exporters managed to have a near-record year of sales.

Norway exported 2.7 million metric tons (MT) of seafood products worth NOK 105.7 billion (USD 12.6 billion, EUR 10.2 billion) last year, the second-highest trade value ever achieved by the Scandinavian country, falling just 1 percent short of 2019’s record.

Read the full story at Seafood Source

In Scotland, the battle for scallops and the future of sustainable fisheries

January 4, 2021 — People enjoy scallops in Oban. “We can’t get enough of them to satisfy demand,” smiles Carol Watt, whose family business has been selling fish for more than a century in the port city of Argyll.

Watt explains how she likes to cook the mollusks: pan-fried and eaten with pancetta, Italian bacon, as a line of masked shoppers forms outside her tiny mustard-yellow shack.

Watt beams with excitement as she shows off a tray of shucked scallops, palm-sized, pale, fleshy slices with the fiery red roe still holding on, which some customers find too spicy, wearing an apron emblazoned with a species-rich school of fish.

In the past, scallops, often referred to simply as “clams” in Scotland, were never so common. In 1960, the Scottish ports landed just sixty tons of the species. There were 15,000 tons in 2019, down 2% from 2018 but still worth almost £ 36 million.

The boom, however, has sparked an often bitter conflict about how scallops, which grow on the seabed, are harvested between environmentalists and the fishing industry.

Some “scallops” are lifted from the sea sustainably by divers, who charge a premium for doing so.

Read the full story at Brinkwire

Norwegian Seafood Council, EAT team up for UN food summit

December 28, 2020 — The Norwegian Seafood Council (NSC) and non-profit EAT have entered into a partnership to promote the increased consumption of sustainable seafood ahead of a United Nations summit on future food systems.

Oslo, Norway-based EAT describes itself as a science-based global platform for food system transformation. It was created through funding from the Stordalen Foundation, the Stockholm Resilience Center, and the Wellcome Trust.

Read the full story at Seafood Source