Stolt Sea Farm blames Pescanova for flooding market as it takes multi-million hit on turbot ops
Company swings to a loss in second quarter of the year, blaming bankruptcy of its main competitor for causing forced sale of small fish at low prices
Creditor banks in talks about future of Pescanova’s Portuguese turbot farm
Acuinova incurred debts of €99.8 million with four Portuguese banks, which are now assessing options for the farm, including a sale
Stolt sees turbot prices impacted by competitor production problems
Stolt Sea Farm reported a drop in turbot prices which it attributed to competitors selling low, because of production problems
Stolt Sea Farm to harvest first sole from Iceland this year
Back in the black in part thanks to a 24.5% increase in turbot prices in its financial 2013 year, the turbot, sole and sturgeon farmer aims to harvest its first sole from its Iceland farm this summer
Carnival cruise line commits to 10% higher costs for sustainability pledge
Seabourn concedes it won’t get a competitive advantage for its sustainability pledge but says simply, ‘it’s the right thing to do’
Norway Seafoods continues France, Spain exit; names new Denmark MD
Company has now sold farming company in Spain and shares in French broodstock company, while naming Rami Khoury as new Denmark MD
Portugal hails record aquaculture volumes on 50% hike in 2013
But growth belies mixed picture as soaring mussel production contrasts with serious decline in turbot output, due to the problems experienced by Pescanova's Acuinova plant in Mira
Greek gloom drives up prices in Spanish aquaculture
Prices trend in Spain's fish farming showed some optimism at the beginning this year, according to the wholesale data analysis performed by the ministry for Trade and the Economy
Stolt-Nielsen’s fish farm returns to profit as competitor Pescanova loses steam
Stolt Sea Farm's operating results were up slightly in the quarter due to better size distribution of fish sold and less fish harvested by the competition, said CEO
Pescanova demise to tumble European turbot market, alerts expert
Spanish turbot market is heading for a severe depression in the near future, and it will take a few years for sales volumes to recover, says professor