Former Vesterålen Havbruk COO Rune Eriksen takes over the reins of Statt Torsk, following the departure of former CEO Gustave Brun-Lie. The two Norwegian cod firms merged in November 2023.
Norcod reports operating loss despite increased revenues in Q3, while Statt Torsk confirms merger with whitefish group Vesterålen Havbruk after a challenging year.
From January to June, landings of fresh cod fell drastically because of quota cuts that also hit frozen cod hard. Only farmed cod grew during this time.
FFAW-Unifor, Canada's leading fishing union, calls on the federal government to restore stewardship and stop offshore draggers in the commercial Northern cod fishery.
According to the Icelandic Ministry of Food, Agriculture, and Fisheries, such a large portion of quotas has not been allocated to coastal fishing before.
