Events

See all articles

IntraFish Seafood Investor Forum London: Here's what you missed

Top execs from across the global seafood industry have gathered in London for the investment event of the year. Keep checking back for live updates.

Thursday, Sept. 19, 16.05pm GMT

DnB: Demand is not the problem with seafood growth

Demand is now driven by sustainability, since the future of seafood is brighter compared to other protein sources that have a higher carbon footprint, said DnB Markets Senior Equity Analyst Alexander Aukner.

Business Intelligence Report: The world's 150 largest seafood companies now account for $120 billion in sales

Read more

Which salmon farmer is making the most money per kilo?

Read more

The United Nations recently released a report saying that to change the planet humans need to change their diets. Cutting out meat would reduce our annual carbon footprint by 5 percent, going vegetarian will cut it by 10 percent and going vegan will cut it by 15 percent.

“If we look at the value of development of other proteins, we are underestimating what will drive the growth of seafood and salmon, and it is product development,” Aukner said.

He said that since the salmon industry is quite young, it is easy to compare it to the development of other protein sources.

-- Demi Korban

--

Thursday, Sept. 19, 15.45pm GMT

DnB: ‘We’re concerned about Chilean volumes’

The Chilean salmon industry is heading into the high season, with water temperatures going up, and an average of 14 sea lice per kilo of salmon, and increasingly less effective treatments against the parasite.

“I am honestly concerned about Chilean volumes,” said DnB’s Equity Research Alexander Aukner.

“Hopefully they will be able to contain the situation, but from the experience we have in Norway, this could take a long time.”

--Lola Navarro

--

Thursday, Sept. 19, 14.20pm GMT

Kingfish Zeeland expects pre-IPO private placement to close soon

CEO Ohad Maiman said the company will soon close in on the pre-IPO private placement facilitated by Pareto Securities in the next 10 days.

Read full story here

-- Demi Korban

--

Thursday, Sept. 19, 14.15pm GMT

Kingfish Zeeland counts on the fine-dining sector

EU land-based fish farmer will close pre-IPO private placement soon

Read more

The Dutch land-based yellowtail tuna producers came into being targeting traditional sushi chefs, but was received better in the fine-dining culinary sector and big retailers.

The company is replicating its success in the 6,000 metric ton facility found in Europe in the United States soon, CEO Ohad Maiman said during his presentation.

"We have built our production based on the BAP requirements, allowing larger endorsements from the fine dining sector."

-- Demi Korban

--

Thursday, Sept. 19, 12.15pm GMT

Grieg Seafood aims to get its post-smolt to 500 grams by 2021

Grieg Seafood remains confident in its goal to get to harvest volumes of 100,000 metric tons by 2020, and sees very good performance in its Norwegian operations, especially after its Rogaland operations had been hit by pancreas disease last year.

CEO Andreas Kvame said Grieg is working hard to drive cost down through the post-smolt strategy, where fish is in the sea for a shorter period of time and less exposed to biological issues.

-- Demi Korban

--

Thursday, Sept. 19, 12.08pm GMT

Bakkafrost sees offshore as ‘interesting alternative’ for its operation

Faroese salmon farmer Bakkafrost, one of the best performers in salmon farming and the one with the longest value chain in the industry, considers offshore aquaculture to be part of its growth plans.

“Looking at the conditions that we have in the Faroe Islands, we see offshore as an interesting alternative as an addition when we look beyond our current growth proposal,” said Hogni Dahl Jakobsen, CFO of Bakkafrost.

“When we manage this, we will have to add one more component to our value chain.”

--Lola Navarro

--

Thursday, Sept. 19, 11.18am GMT

Land-based aquaculture needs more skill to achieve the desired outcome

In the first panel of the seafood investor forum, panelists Ohad Mainman, CEO of Kingfish Zeeland; Karl Oystein Oyehaug, finance director of Atlantic Sapphire; Erik Heim, president of Nordic Aquafarms; Martin Fothergill, partner of 8F Asset Management; and Jaime Stein, co-founder of Devonian Capital, all agreed that the learning curve in the land-based aquaculture industry is very long and needs time to mature.

All land-based innovators should focus on bringing in skilled labor -- and that doesn't have to be from the industry itself -- benefiting from other industries that can replicate success and innovation within aquaculture.

Stay tuned for the full coverage of the panel, later next week.

-- Demi Korban

--

Thursday, Sept. 19, 10.40am GMT

Is this the boldest investment in aquaculture?

Norway Royal Salmon (NRS) plans to have fish at its Offshore Arctic farm in Norway in one year’s time.

Business Intelligence Report: Here's the world's most valuable seafood company

Read more

The project, the “boldest” the salmon farmer has taken on, is exciting, risky, and one of the viable solutions to the current limitations of net-pen salmon farming, said NRS CEO Charles Hostlund.

The massive double-decked offshore cage, which is 21 meters high, is currently under construction.

“It’s extremely exciting, if we want to continue to grow we need new areas to produce,” said Hostlund.

--Lola Navarro

---

Thursday, Sept. 19, 10.31am GMT

Norway Royal Salmon kicks off hatchery construction

Norway Royal Salmon is starting to build a land-based smolt facility that will help it in the long-term goal to farm 70,000 metric tons of salmon a year.

The company has three main projects underway, all of them “strategically important,” said NRS CEO Charles Hostlund: a smolt facility in Region North in Norway, its Arctic Fish project in Iceland, and its Arctic Offshore plan.

Rabobank: ‘Feed giants need turnaround to succeed’

Read more

The construction of the smolt facility started this month.

“This hatchery will contribute to increase the biological safety, quality, and size of our smolt,” Hostlund said.

The company has licenses to produce 10 million smolts at the site of up to 400 grams of average.

“This is a very good size compared with what we’re currently producing.”

The delivery of the first smolts is expected in 2021.

--Lola Navarro

---

Thursday, Sept. 19, 10.18am GMT

Atlantic Sapphire on track and on time for 2020 harvesting goals

Operating expenses for the land-based farmer Atlantic Sapphire grew 63 percent to $7.6 million year on year, growing its operating loss 20 percent to $5.6 million, we learned in today's statement update released to investors.

Atlantic Sapphire is now worth $800 million. Really?

Read more

However, Finance Director Karl Oystein Oyehaug confirmed that the company is on track with its goals.

Currently, 3.6 million fish are swimming in the company's facilities with the smolt size at 100 grams in the United States.

More than 80 percent of the phase-one construction budget has been committed already and next month will be "interesting" for the company, the finance director said.

The company also notified that Denmark operations will reach steady state production by the fourth quarter.

-- Demi Korban

---

---

Thursday, Sept. 19, 09.45am GMT

No lack of solutions if you think outside the box

Anne Hilde Midttveit, head of quality, environment and CSR at fishing and aquaculture giant

Finland-based financier looking for more aquaculture investments in Africa, Asia

Read more

Leroy, gave a lesson on how many ways there are to improve a business from a social, economical, and environmental perspective.

Some of the initiatives adopted by Leroy itself involve a high level of investment. For example, it is using recirculating aquaculture systems (RAS) hatcheries in all its locations, but the move means it has managed to reduce water use by 98 percent.

Others, require engagement, partnership with clients, and raising awareness. For example, the company is currently in conversations with buyers in an attempt to reduce orders of head-on, and whole fish following the construction of a processing plant where it plans to focus on fillet production.

“If we could produce 70 percent of fish as fillets in that factory, we would of course reduce transport, dropping our CO2 emissions by 12,500 metric tons a year,” Midttveit said.

--Lola Navarro

---

Thursday, Sept. 19, 10.00am GMT

Sustainability and innovation are key areas for focus

Austral proves business case for bringing blockchain to seafood

Read more

The largest seafood lender DNB Bank’s Global Head of Ocean Industries Kristin Holth said the two things most seafood companies should focus on are sustainability and innovation because aquaculture can pave the way for solutions to climate challenges.

“There are challenges between perceptions and reality and the industry is continuously struggling with its relationships with environmental organizations,” Holth said.

DNB’s role is to help provide the industry with enough capital and today is doing business with 17 out of the 20 largest seafood companies and is active throughout the entire value chain.

“The key element differentiating us from others is not only lending, but providing debt services, equity and mergers and acquisitions,” Holth said.

DNB takes advantage of the fact that many of the largest seafood companies are listed in the Oslo Stock Exchange, where the bank is based.

-- Demi Korban

---

Thursday, Sept. 19, 9.00am GMT

Mowi brand launching at French retail in 2020

Mowi rolls into Poland with WWF co-branded food truck

Read more

Marine Harvest's rebrand to Mowi is paying off after a “very successful launch in Poland”, said Chairman Ole Eirik Leroy.

The next target market is France, with a foodservice launch expected in “not so long,” and a retail launch and campaign planned for January 2020.

--Lola Navarro

--

OUT NOW! Industry Report: The land-based salmon farming revolution

--

Thursday, Sept. 19, 8.51am GMT

Mowi chairman: ‘We strongly believe in net pens'

The world’s largest salmon producer has “endless projects” in the pipeline, “it would be impossible to go through them,” said Ole-Eirik Leroy, chairman of Mowi.

But he also said the group "strongly believes in net pens.

“Net pens are one of the main inventions that there have been and will continue to be the main way of salmon farming for years to come.”

-- Lola Navarro

---

Thursday, Sept. 19, 8.45 am GMT

Traceability is the new sustainability

With the population more than doubling in the past four decades, gross domestic product growing more than five-fold and income levels drastically changing, land and sea mass is now under a lot of pressure.

2019's mega-deals, mergers and acquisitions -- so far

Read more

As a result, investors are highly interested in keeping an eye on the wins and the disruptions, but can technology be the solution to the largest problems in the food chain?

"Blockchain is a platform to share data that is permissible and immutable, able to look at provenance, handling and certification," IBM Food Trust General Manager Raj Rao said in his presentation.

IBM Food Trust is using its intelligence to guide and inform the industry how to use technology in order to drive better solutions to traceability, as well as uses metrics to balance purpose with profit.

--Demi Korban

---

Thursday, Sept. 19, 8.35 am GMT

Market cap for the top five publicly-listed seafood firms now exceeds $44 billion

IntraFish Editor-in-Chief Drew Cherry opens the event introducing the latest IntraFish business intelligence report on the top 150 seafood companies in the world. These firms now account for about $120 billion in sales, a figure that has grown exponentially in the past five years through increased consolidation and investor interest.

--Demi Korban

---

Thursday, Sept. 19, 8.30 am GMT

Technologies, solutions and challenges in aquaculture

Seafood executives and investors are gathering again at the IntraFish Investor Forum in London for a day of presentations, panel discussions and networking.

Wells Fargo: Here's how seafood can attract more investment

Read more

This year’s exclusive speaker lineup includes C-suite executives from some of the biggest companies across the seafood sector, major technology companies, and financiers and investors tucking into emerging solutions applied to the seafood industry including new forms of aquaculture such as offshore, and land-based farming.

The event, sponsored by seafood bank DNB, will be held at the DNB offices in the City of London, and is attended by advisers, investors and industry experts from around the world.

Keep checking back here to get all the updates from the event.

Click here for the day's agenda and speaker lineup.

--IntraFish Media

Latest news
Most read