What do you do when fishing quotas for cod keep shrinking? This Norwegian fishing giant looks to cod farming

In addition to lower cod quotas, Nergard is facing higher interest rates and soaring operational costs.

"It is not the case that we are ready in the starting blocks to invest heavily in cod farming, but we think it is exciting," said Nergard CEO Tommy Torvanger. — "It is not the case that we are ready in the starting blocks to invest heavily in cod farming, but we think it is exciting," said Nergard CEO Tommy Torvanger.Foto: Lars Åke Andersen

Published 30 October 2023, 08:20Updated 30 October 2023, 08:20

Atlantic cod Barents Sea Nergard Tommy Torvanger Farmed cod