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    Mowi achieves EUR 240 million in Q3 2022

    Mowi got an operational EBIT of approximately EUR 240 million in the third quarter of 2022. During the same quarter last year, it achieved EUR 131 million.

    In more detail, the company harvested a total of 134,000 tonnes of salmon in the quarter, distributed as follows:

    Norway: 87,500 tonnes
    Scotland: 14,500 tonnes
    Chile: 17,000 tonnes
    Canada: 11,000 tonnes
    Ireland: 2,000 tonnes
    The Faroe Islands: 2,000 tonnes

    On the other hand, the total Operational EBIT per kg through the value chain was approximate as follows:

    Norway: €2.55
    Scotland: €0.30
    Chile: €1.25
    Canada: -€0.35 (Canada West: €0.80)
    Ireland: -€1.20
    Faroe Islands: €1.05

    Operational EBIT in Consumer Products was EUR 30 million (EUR 22 million in Q3 2021) and Feed EUR 15 million in Q3 2022 (EUR 10 million in Q3 2021). Farming in Scotland and Ireland were negatively impacted by environmental issues related to micro-jellyfish; incident-based mortality was EUR 0.5/kg in Scotland and EUR 3/kg in Ireland.

    In addition, the reported financial net interest-bearing debt (NIBD) was approximately EUR 1 355 million at the end of the quarter (excluding IFRS 16 effects).

    The complete Q3 2022 report will be released on 9 November at 06:30 CET.

    About Mowi ASA

    Mowi ASA is one of the largest seafood companies in the world and the world’s largest producer of Atlantic salmon. It has worked with the same strain of salmon since its beginnings in 1964.

    The company has its breeding and genetics department. The strategy is to produce own eggs to secure the selection of the best genetic properties.

    It has invested in significant efforts and resources to improve the performance, disease resistance, welfare, and quality of fish.

    Laetitia Tricaud

    Each of our team members has made our Talent Cluster grow in different ways. Even our newest addition, Laetitia (Laëtitia) Tricaud, has taken our organization in a direction towards growth and progress within the recruitment sector in Aquaculture and Seafood. You are probably curious about who Laetitia is, what is her background, and what her role within AquacultureTalent is. This is why today I want to share with you her Aquaculture Story and her key role within our company.

    Human Resources as a Career

    Laetitia has been a Human Resources Specialist and Manager for more than 15 years, and the reasons behind her long-lasting participation in the sector are various. She is very passionate about personnel development, the support of others, and change.

    “My experiences have given me an opportunity to perform an operational and strategic role in order to support managers in the structuring and organization of their practices. To me is more than Recruiting for them, but also making Talent Development a real recruitment policy”.

    For Laetitia, developing herself in Recruitment means being a part of a human adventure, professionally and personally, not only for candidates but for companies. “The period in which we are living is shaping and reinventing companies and the vision of recruitment they have built. It is now more concerning for companies and employers how economical and human issues are affecting their processes. And understanding these have given them the tools to support talent and improve their overall wellbeing”.

    Laetitia Tricaud and Aquaculture

    Laetitia is a Senior Advisor at AquacultureTalent. Previously, she worked in different structures in the Agro-food sectors all across the Human Resources needs. However, now at AquacultureTalent, she is focusing on recruitment “which is perhaps the part of HR I prefer”. She likes to recruit and is in need of the human contact inherent to recruitment.

    “I am able to meet so many different people from candidates to managers and leaders, which allows me to feed myself with their experiences and knowledge. Aquaculture is a sector that is exposed to economical and environmental challenges worldwide, but these challenges are what allow it to prosper and help people make a living from fascinating roles”.

    Aquaculture has also given Laetitia the opportunity to meet people that are passionate about their profession and take the time to explain the challenges they can and have faced within their roles. Roles in which there is a strong respect for the cycle of life and nature, making these a priority and daily challenges, while always aiming to business success.

    Joining the AquacultureTalent Team

    As an Advisor, she strongly believes supporting companies and employers with their recruitment processes involves learning about them. Learning about their strategic and financial plans, as well as their human concerns. “I have experiences in strategic roles around these subjects. Which has given me the know-how of listening to them and offering them a piece of professional and benevolent advice. This way, we can ensure that our clients have the right candidates, and our candidates get the right employer”.

    There are so many values in Recruitment that Laetitia treasures and this industry has strong visions and missions regarding these.

    “The passion, the commitment of everyone involved. But also Aquaculture as an essential economical activity. I couldn’t let this opportunity with AquacultureTalent pass.

    I have always wanted to be a recruitment consultant, but I didn’t want to work for a generalist firm. AquacultureTalent is for me a team of experts in Aquaculture, but also in human relations and business organization. I wanted to make the shift in my career, and I am happy this new adventure is along with Aquaculturetalent. I am very happy to find a team, to be part of a new professional family, experts in our field!”

    Employer Branding from The Talent’s Perspective

    We have said a lot about Employer Branding. But what is Employer Branding from the Talent’s shoes? These are strategies we design for them, are they really finding them necessary? Today I won’t be sharing interview results specifically, but more a general overview of how talent perceives all those Employer Branding Efforts and Strategies you spent so much time designing. So, let’s dive in.

    The Process in Attracting Talent

    So we described the general process and elements to designing your Employer Brand. How does this process look from the talent’s end? First, they become familiar with your brand and what you represent. This is by being able to see posts and information of your company, the way you brand to your consumers through the different communication channels. Second, they start liking you. Yeah, they know who you are, they know what you do, but does this actually resonate with them? They need to feel like your company values and mission are something they sympathize with. This part also includes the way you promote the different opportunities and achievements among your teams.

    In the third place, these values and missions are something they want to take a part in. They see your organization as a possibility for their career. They feel like the opportunities and prepositions your company has to offer are something that is for them. Then in the fourth place, they apply. But this process is not a simple one, it also depends on how easy and friendly you make the application process for your candidates. And how is the feedback from your organization once they are taken through the pipeline.

    But we all know Employer Branding doesn’t end in Talent Attraction. So, what are their perceptions once they are part of your organization?

    The Process in Talent Retention

    You both decided to join paths. Now let’s see what happens on the talent’s end regarding your Employer Branding Strategy. First, they start liking working with you. This is because of the way you decide to communicate with your employees, but also has a lot to do with an effective onboarding process, and great leadership. They also keep in consideration the different ways you offer to support them personally and professionally. Your new employees feel like they made the right decision by joining you. Second, your employee is compromised to your organization, and you can see this because their productivity improved or has not decreased in the time they have been with you. This engagement is also tightly linked to the development opportunities you offer for them.

    Photo by Campaign Creators on Unsplash

    In the third place, your employee will develop loyalty. And this is probably one of the most difficult to achieve. The best way to achieve it is by carefully analyzing the reason other employees have left your organization. This is tightly linked to career opportunities, Company’s results, and remuneration. And last, your employees or former employees will recommend your organization to other talents. This is one of the most important signs. Only someone that feels happy and comfortable with your organization will recommend others to do the same.

    Ohad Maiman steps aside but doesn’t go far

    On the first day of November, The Kingfish Company made a surprise announcement, Ohad Maiman was stepping down as CEO to take on an advisory role. “I have decided that now would be a good time to step down from the CEO role”, Maiman said in the letter sent to the staff announcing this change. The message also made it clear that the now-former CEO was stepping aside, but without going too far, he would continue to support the company “as an active founder”. WeAreAquaculture spokes with him to find out why now and, above all, what his plans for the future are.

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    Sustainability key to 5-year feed contract between Hima Seafood and Skretting

    Hima Seafood has signed a 5-year contract with Skretting Norway as the main feed supplier for its rainbow trout production that will start in Rjukan (Telemark, Norway) in 2023. The commitment to sustainability from both companies is the key to this long-term contract. “We will be a driving force for new sustainable raw materials”, said Sten Falkum, CEO of Hima Seafood. The company will produce 8,000 tons (HOG) of rainbow trout in what will be one of the world’s largest land-based facilities for this species.

    Sustainable development that thrives

    “It’s about taste and sustainability. That is the most important thing for Hima”, said Sten Falkum at the announcement of the agreement. “When Skretting was recently named Climate Winner by PwC, it shows that Skretting is the best feed partner to help us optimize the feed so that it can produce the lowest possible footprint. In addition, we will be a driving force for new sustainable raw materials”, he added.

    According to Hima Seafood’s CEO, having a long-term collaboration is important to be able to develop the production and implementation of these new raw materials. “We believe that long-term cooperation is fundamental to bring about a sustainable development that thrives”, he said. “That is why we have entered into a 5-year partnership with Skretting, which is a leading star in sustainability”.

    Stronger together

    Skretting, for its part, has expressed its satisfaction at having been chosen as the feed partner for Hima. “We see that our work in developing feed solutions for RAS technology and precise nutrition for rainbow trout as well as our sustainability work, that is now bearing fruit”, said Truls Dahl Skretting Norway’s commercial director for land-based and closed technology.

    “We have a very strong team working with RAS, and Hima has people with extensive experience from salmon and trout farming and extensive RAS experience”, he continued. “Together we will optimize the feed for Hima so that they can offer a world-class food product”.

    More partnerships

    Early last August, Hima obtained full financing to build what is considered to be one of the world’s largest trout farms. As reported to WeAreAquaculture at the time, the funding came from two global infrastructure funds with a high sustainability focus. In fact, the company chose the Rjukan location (Telemark, Norway) because of its good access to green energy and fresh, high-quality mountain water. 99.3 percent of the water will be recycled in a RAS plant.

    The company is still in the process of constructing the 27,000 square meter breeding facility, where the first roe will be introduced in October 2023. They will be provided by Osland Havbruk, recognized as one of the most established trout breeders with unique genetics well suited for land-based production of RAS. Later, Villa Seafood – which is building a packaging plant in the Oslo area – will handle the sales, distribution, and processing of the Hima brand and finished trout products.

    Bakkafrost engages suppliers to achieve its sustainable supply chain goals

    This week, Bakkafrost held the ‘Bakkafrost Supplier Day’, a conference where the company meets with its most important suppliers in the Faroe Islands to discuss their sustainability actions and ESG reporting. Its aim with these meetings is to engage with them to advance sustainable practices in the supply chain.

    To this end, at this event, it presented its new sustainable procurement policy, which encompasses eight procurement principles that will ensure that both, expansions and maintenance investments, support continuous sustainable development.

    By 2030, Bakkafrost has set a target to reduce its Scope 3 GHG emissions per tonne of salmon produced by 52%, starting from a 2020 base year. Scope 3 emissions are those that come from a company’s value chain and are not under the company’s control, i.e. supply chain emissions.

    Given that in 2021 the salmon producer from the Faroe Islands sourced 59% of its products and services locally, the company considers it essential to establish strong partnerships with its local suppliers to ensure that they work to reduce their overall carbon footprint.

    “Collaboration is key to meeting sustainability goals, and we prioritize an open and respectful dialogue with our suppliers to ensure that everyone benefits from the transition to low-carbon solutions”, Bakkafrost stated.

    The company, which presented its Q3 results earlier this month, has recently been ranked as one of the best Scandinavian companies in sustainability reporting in a report from Position Green (formerly The Governance Group).

    About Bakkafrost Group

    Leading producer of top-quality salmon from the Faroe Islands, Bakkafrost Group offers a wide range of salmon products from their own facilities. The company is one of the world’s most vertically integrated salmon farming companies. It controls all aspects of production – from feed to finished value-added products, which ensures traceability and consistently high quality. The Group is committed to maintaining the highest standards for fish welfare, sustainability, and sound stewardship of the environment.

    Strengthen the shrimp industry – The pending task

    Today is trendy to talk about shrimp. There is not a day that goes by without news regarding this incipient sector about which little is known and much is wanted to be discovered. There are even some who dare to ensure that after salmon, prawns are the main successors in terms of great aquaculture products.

    But the salmon business has changed a lot in the last 20 years. It has been developed, modernized, and customized. Instead, the shrimp sector looks like more to the Devil’s Triangle. Shrimp farms are small and belong in the majority of cases to the family business. Then, the final product is sold to a local processor. Consequently, the process of entering the highly complex global supply chain is almost impossible or at least challenging.

    Therefore, it seems more than pertinent to ask the most relevant experts for their opinions and solutions in this regard. WeAreAquaculture has had the privilege of peeking a little more into this emergent world.

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    Marine waste and plastic pollution: the chance to make the change

    The 2nd of March of 2022 marks a before and after in the fight against marine waste and plastic pollution which is what is ravaging the seas and oceans of our planet. Heads of State, Ministers of environment, and other representatives from the UN Member States signed a historic agreement at the resumed the fifth session of the United Nations Environment Assembly to end this ballast and forge an international legally binding agreement by 2024.

    We would lose a great opportunity if we did not value the importance of aquaculture both in the origin and in the solution of this phenomenon.

    WeAreAquaculture has contacted some of the most relevant agents in the industry to know their impressions and hopes. Above all to find out firsthand what the companies, where they collaborate and work, are doing to help and make this great change possible.

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    Sealord and New Zealand Government collaborate to promote fishing industry employment

    Sealord has been allocated 180 seafood processing visas for overseas workers. They will fill labor shortages in its wet fish factory in Nelson. The visa allocation is part of the Government’s new seafood sector agreement that provides 600 visas for seafood process workers in the fishing industry.

    Sealord’s General Manager of Human Resources, Dawn Cooper said: “Over the last 12 months we’ve worked closely with Seafood NZ and the Government on ways to deal with skills shortages within the seafood industry. This year during our busy hoki season we were 200 roles short. Despite our CEO, senior team, and other office workers volunteering for factory shifts.”

    “These visas will make a big difference to our factory vacancies and will be essential during hoki season next year. Our next challenge is to find suitable accommodation to house them, given the accommodation shortage,” she added.

    The need for accommodation is for Vietnamese workers. The company’s Human Resources team is hoping to recruit them when they head to Vietnam later this month. They will be meeting with potential workers for the Hoki season (May to September) and continuing until the end of the year.

    Finally, Cooper confirmed the company is keen to hear from accommodation providers in Nelson that can offer group housing with single bedrooms and shared cooking facilities. Sealord would also like to hear from people in the community interested in providing board in their own homes.

    About Sealord

    Sealord is one of the largest seafood companies in the Southern Hemisphere with fishing operations in New Zealand, Australia, and Mauritius. It exports 90% of its catch in various frozen formats to 40 countries.

    Encompassing both sustainable deep-sea fishing and finfish aquaculture operations, Sealord employs more than 1,000 people in New Zealand and 240 people overseas.

    It is one of the largest quota holders in New Zealand harvesting sustainable seafood. It also owns Petuna Aquaculture and Sealord King Reef in Australia.

    Established in Nelson, New Zealand more than 60 years ago, today Sealord is equally owned by Māori through Moana New Zealand, and global seafood company Nippon Suisan Kaisha, Ltd (Nissui).

    NWAA also responds to Commissioner Franz: “You got it wrong”

    We knew Cooke’s response and also that of the Jamestown S’Klallam Tribe, but the Northwest Aquaculture Alliance (NWAA) had not yet spoken out. The association, which represents major aquaculture producers and aquaculture-related businesses in the Pacific region, has taken its time but has been the harshest in its statements. “You got it wrong”, the NWAA responds to Commissioner Franz. Six other leading seafood trade associations have joined them in this response, calling for a third-party review of the scientific data on which the Commissioner relied in making her decision.

    Third-party review requested

    Less than a week after announcing the non-renewal of Cooke Aquaculture’s fish farming contracts, Washington State Public Lands Commissioner, Hilary Franz, announced at a press conference that Washington will no longer host commercial finfish net pen aquaculture. “Commercial finfish farming is detrimental to salmon, orcas and marine habitat”, the commissioner said at the time. She added, “I’m proud to stand with the rest of the west coast today by saying our waters are far too important to risk for fish farming profits”.

    The Northwest Aquaculture Alliance has once again called for a third-party review of the scientific data on which Commissioner Franz relied in making her decision. As with their statement of support for Cooke, NWAA is not alone in this petition. In this case, six other seafood trade associations – the National Fisheries Institute, National Aquaculture Association, Global Seafood Alliance, Best Aquaculture Practices, California Aquaculture Association, and the US Trout Farmers Association – as well as respected fisheries scientists, veterinarians, and fish health professionals have joined them.

    “There exists a vast body of scientific studies that show minimal impact of today’s aquaculture practices on other species and the environment”, claimed the NWAA. “This sudden decision to terminate leases without any scientific or legal basis, of a company that spent five years working with the State of Washington to meet its rigorous new net pen guidelines, should concern every business that leases public lands here in Washington”.

    Facts and figures

    “The reality is this”, the NWAA response continued, “of the 2.6 million acres of public aquatic lands in Washington, the four available leases total 112 acres, with just 11 acres used for net pens. That’s 0.0004% of all public lands available for lease”, they said. But there are more important facts. Cooke has until Dec. 14 to remove the gear and cull 332,000 juvenile fish, “an impossible deadline”, according to NWAA. After that, 34 Cooke Aquaculture Pacific employees will be out of a job.

    “This devastating decision will have a ripple effect that will extend far beyond the company”, said NWAA. In their view, the unfortunate timing of Commissioner Franz’s announcement, at the beginning of the vacation season, shows both a lack of humanity and an alarming lack of leadership. “This is no way to run a public agency, and our coalition has four words for Commissioner Franz:You got it wrong”, they stated.

    The Northwest Aquaculture Alliance also regrets the gesture by Franz and the Wild Fish Conservancy (WFC) in publishing a full-page ad in the Sunday edition of the Seattle Times declaring: “WE WON”. The coalition considers it a taunting. “How, indeed, is it a win to celebrate at the expense of hard-working people who now face losing their jobs farming a seafood product that the market wants and now must source from other countries?”, they wondered.

    Some outstanding questions

    NWAA’s questions don’t stop there. “How is it a win when you ignore your sister agencies, such as the Department of Ecology and the Washington Department of Fish and Wildlife, who worked closely with Cooke as the company sought to comply with the state’s new rigorous net pen guidance?”, they said. “How is it a win when you look the other way at a serious biological opinion filed by the nation’s leading science agency, NOAA, whose multi-year peer reviewed biological opinion found no harm from net pens to the environment OR endangered species?”. And they went further, “How is it a win when you ignore the State Supreme Court’s unanimous approval to allow Cooke to farm steelhead in Washington waters?”.

    In their view, what makes Franz’s decision seems like a victory for the environment is just the opposite. “Where will that fish come from?”, they also wondered. “By shutting down production here, we are ignoring the environmental impacts of transporting goods produced elsewhere, creating, in essence, ‘the illusion of natural resource preservation'”, they said.

    The questions won’t end there. NWAA has announced that in the coming days, they will be submitting a letter to Commissioner Franz, asking some “tough questions” about the science that the Washington Department of Natural Resources (DNR) used to make its decision. An example: “Was this science from the nation’s leading science agency, NOAA, or did it come from groups such as the WFC, an ENGO with a track record of suing state agencies, the federal government, hatcheries, and private enterprise to line its coffers?”. We will have to pay attention to the answers.

    TalentView: Sylvia Wulf

    Talking to Sylvia Wulf, CEO of AquaBounty Technologies, about aquaculture is… ‘different’. Hers is not the story of someone always interested in the sea or fish; she came to the industry after her previous job required her to select suppliers that ensured the sustainability of their seafood products. This led her to understand not only the business of aquaculture but also why it is so essential for the planet’s future. “I became familiar with aquaculture, and I think it’s fascinating”, she explains.

    The Oxford English Dictionary defines fascination as “a powerful attraction that makes something very interesting”. Seen in this light, some might think Sylvia is a convert, but she is a believer. She believes “in the promise of aquaculture” and its critical role as we move forward. She is convinced that her company can do much to feed the world by transforming aquaculture with technology. She wants to achieve this by attracting the right talent, creating a career for people and ensuring animal welfare. Sylvia Wulf is not a preacher, nor does she even try to be. Her conviction and commitment are such that, inevitably, they are contagious. Listening to her is inspiring and makes us want to join her to fulfill the promise of aquaculture.

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    Experts welcome salmon Christmas campaign

    The price of salmon will raise to 15 percent next week. Moreover, from week 41 to week 45 that same price in the Norwegian market has been 23 percent higher than last year. According to experts and analysts, for November and December, in line with the Christmas campaign, the market outlook for salmon will be strong.

    “Christmas shopping is getting closer, prices start to rise again, at the moment to above NOK 70 per kilo,” Finn-Arne Egeness, Chief Analyst of Seafood at Nordea Bank Abp, told WeAreAquaculture.

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    Japanese yen depreciation gives seafood companies consolidated earnings in Europe and North America

    The Japanese food service industry has taken longer than other countries to improve and reestablish itself. The emergency declaration was not fully lifted until March 2022.

    In addition, the recovery temporarily slowed down because of the rapid spread of the Omicron variant in July. Further, the conflict between Russia and Ukraine caused inflationary pressure, the depreciation of the Japanese yen, and increased resource prices.

    On the bright side, earnings coming from Europe and North America convey better impressions when translated into the Japanese currency. For these reasons, main Japanese companies have been forced to revise their consolidated earnings forecast for the fiscal year ending March 2023.

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