EU proposes 15% turbot quota cut, keeps sprat unchanged
The European Commission has proposed a cut to the annual EU quota for turbot by 15%, to 74 metric tons, and to keep the quota for sprat unchanged at 11,475t
Demand, higher prices boost Clearwater Q3 earnings despite smaller margins
Third quarter demand for turbot and clams combined with higher prices for scallops, shrimp and lobster to boost Clearwater Seafoods’ earnings amid record sales, even as margins shrunk
Cooke, Japanese firm reportedly interested in Pescanova turbot farm
Canadian aquaculture group said to be among parties showing interest in taking over Portuguese turbot farm
Stolt Sea Farm revenue up on higher turbot sales, sole prices
Turbot, sole and sturgeon farmer was boosted by a 13% increase in turbot sales in Q3, while the bottom line recovered on positive fair value assessment
Pescanova could retain turbot farm as banks agree to talks
Pescanova could end up keeping its Portuguese turbot farm Acuinova, after creditor banks agree to enter talks to refinance subsidiary, dropping previous plans to take it over and sell it
Pescanova makes a profit in first half of year; fishing division most profitable
However, equity still in the red as Spanish group, now under the control of banks, made a small gain on revenues of €434m in the first six months of 2014
Greece bucks overall trend as Europe’s fish farming production drops 3% in 2013
Lower salmon volumes in Norway led a 68,000t drop in European production in 2013, with Greece only significant producer to experience any growth driven by 16% hike in seabass
Pescanova demands two-year moratorium for turbot plant
Spanish fishing company asks Portuguese entities for more time and funding to ensure the survival of the turbot plant in Mira
Spanish fish farmers call for EU-wide fallowing law, based on Norwegian model
Apromar suggests updating rules in EU countries picking up lessons learnt in both Norway and Scotland from their farmed salmon industry
Pescanova to sell out of Portuguese turbot farm
Pescanova has mandated PriceWaterhouseCoopers, which was also in charge of first viability plan for the Spanish seafood group, to sell its stake in Acuinova