Nasdaq Benchmarking Report

– Benchmark your Prices Against the Nasdaq Index 

 

How strong is your pricing strategy? Benchmarking has never been easier.

Our new Nasdaq Benchmarking Report is designed to easily help you compare your achieved prices against the Nasdaq index – fully automated and without the need for Excel sheets or other manual processes. 

 

Easy to get started

Setting up the report is quick and easy, as it is fully automated and relies on data directly from our existing systems. The system compares these data against the Nasdaq index through Maritech Analytics, and you get the full overview with dashboards and graphs. This means less time spent on manual processes and better decision-making based on accurate data.

A Critical Tool

The Nasdaq Benchmarking Report has already garnered positive feedback from our customers. 

See why Grieg Seafood has found it to be highly valuable for their decision making. “We save time and get highly valuable insights into pricing trends across various markets and sizes.” Piotr C. Wingaard, Business Development Director at Grieg Seafood.

Make better-informed decisions

Overall, the Nasdaq Benchmarking Report is set to revolutionize the way you benchmark your prices and make better-informed decisions based on reliable data.

Are you curious to know more about the features of the report? Don’t hesitate to contact us by leaving your email in the box below – we would love to talk nerdy to you!

Want to know more? Let us know!

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Matorka chose Maritech

Welcome to Maritech Cloud, Matorka!

 

We are happy to announce our new partnership with Matorka, Iceland.

Matorka is a premium-quality producer of arctic char for the global market. Located in Grindavik, Iceland, their land-based farming site is using geothermal energy and 200 000 year-old lava beds providing constant temperature, and natural filtration of the water in their tanks.  

Matorka is one out of two new Maritech Cloud customers signed during Seafood Expo Global/Seafood Processing Global in Barcelona. They will now implement our cloud software Maritech Purchase & Sales in combination with Maritech Packing, integrated with dk Business Solutions. Maritech Purchase & Sales is a complete cloud-based business system tailored for handling sales, imports/exports, inventory management, invoicing, claims and all other processes related to seafood trade.

“We are very pleased that Matorka chose Maritech,” says Konrad Olavsson, Sales and Service Manager, Maritech Iceland. 

“They are an innovative, highly quality-focused company producing premium products, sustainably farmed. We are looking forward to supporting their future growth!”  

Icelandic Matorka chose Maritech

About Matorka

Land-Based Aquaculture company Matorka is farming sustainably raised Arctic char for world markets. The company is vertically integrated from egg to fillet export, and harvest-to-order to ensure that the fish arrive as fresh as possible. The name Matorka is a combination of the Icelandic words “mat”, which means food, and “orka”, which means energy—food energy. A natural choice, as the company is transforming Iceland’s geothermal energy and clean water into the perfect habitat to grow premium quality, sustainably farmed fish. 

Curious? We would love to hear from you!

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Maritech Iceland is growing!

Say hi to Geir Thrainsson, who has joined Konrad Olavsson at Iceland Ocean Cluster as our newest member of Team Maritech.

 

As the entirety of Geir’s career has been in the seafood industry, his knowledge is ranging from several perspectives.

From early age, he gained firsthand experience from all parts of the seafood value chain – fisheries, production, processing, sales, management, and logistics. Combined with his Master’s degree in finance and logistics, there is no doubt he has the perfect background for his new role as Solution Architect in Maritech.

Fish factories and finance

«I started working as a teenager in fishing factories in Iceland. Later as a deck hand on trawlers. After that, I spent a while in seafood sales, before moving to London to take my MSc degree. Then I worked for a for a secondary fish processing company Newcastle, which supplied chilled seafood to all the major supermarket chains in the UK. When back in Iceland I worked for an IT company where I also worked closely with the fishing/seafood sector.”

In 2006, Geir headed for warmer weather and new challenges in Spain. There he spent 7 years as Supply Chain Manager and Branch Manager for companies operating large factory trawlers in West Africa. From 2016 and up until starting in Maritech, he had the role as Innova Product Specialist in Marel.

“He’s very humble as you can see, he forgot to mention that he also holds the title as ‘sailor’,” Konrad cuts in and laughs as he adds to his teammate’s list of achievements.

Team Maritech Iceland is growing! Say hi to Geir Thrainsson

Several new projects

“I am happy to be a part of Team Maritech,” says Geir, who visited his new colleagues in Norway to get to know and work closely with a cross-functional group. “We have high ambitions for our expansion in Iceland, so 2023 will be a very interesting year. I started working here in September, and a lot has happened since then. There are many potential projects, related to Maritech Cloud, which is my primary focus, and to production and IoT where we have Konrad and other specialists in our team.”

They have already exhibited a promising future, with several new signatures over the last months, for Maritech Cloud™ and Maritech Eye™. One example is Útgerðarfélag Reykjavíkur, the first company to use the Maritech Eye™ on two fishing vessels. The first Eye was installed during Christmas. Brim is another ongoing Eye project in Iceland, and we are looking forward to sharing another new project with you soon.

Útgerðarfélag Reykjavíkur chose Maritech Eye for automated sorting onboard fishing vessels

Iceland + Canada + Norway

While resources for the Iceland team are always at their disposal in both Norway and Canada, Konrad and Geir explain their position as that of a matrix.

“It’s a unique position to be in because we incorporate the beliefs and values that the whole company express, and we can always rely on the other offices when we need to. However, we get to develop and form our own flow of adaptability and flexibility to meet the customers’ needs based on their geographic location,” Konrad says.

“We get to build on the strengths from our colleagues in Norway and Canada, while having our focus and our own understanding at the front line in Iceland. This way, we are flexible and adaptable to our clients, which I think will provide us with much success now and in the future.”

Curious to know more?

Let us know! We’d love to hear from you,

Meet our new west-coast consultant!

Amy Terrell received her first ever paycheck while working in the seafood industry

Now she has come full circle – from seafood to tech, and now to seafood tech!

The road to Maritech

Her experience spans from being a front line seafood worker, via aircraft vessel interior management at Boeing, to implementing extensive ERP systems for Microsoft and SAP.

No wonder we are happy to introduce Amy as our new Senior Consultant!

Along the west coast of the North American continent lays a town called Bellingham. Located in Washington, USA, perfectly placed between Seattle and Vancouver, this coastal city has ferries to Alaska, snow-capped volcanic ski hills and world-class breweries. This is where you will find Maritech’s newest North American employee, Amy Terrell, starting her day by getting her two boys out the door, with a vanilla latte in hand.

First seafood job in Alaska

Amy has experienced the seafood industry from several different perspectives. While fishing with her two boys and husband is now a part of her leisure life, she watched and even joined her father, a commercial fisherman, hard at work in her early years. Amy learned the ins and the outs and recalls earning her first ever paycheck from a company in the seafood industry.

San Juan Seafoods, now a part of Trident Seafoods, was Amy’s first look at the industry and all it had to offer. While completing her degree with a focus on finance at the University of Washington, Amy would find herself in Alaska during her summer months. “I think I still suffer a little bit from carpal tunnel,” Amy laughs and continues, “I did everything from cleaning, and gutting, to grading, eventually becoming a dock person. Everything except heading, I wasn’t trusted with a knife.”

Amy Terrell Maritech

Boeing, Microsoft and SAP

Amy finished up school and landed a job at Boeing, where she focused on the interior organization of aircraft vessels. The company sent her back to school to complete her Master of Business Administration, where she focused on Project Management. It was after that when Amy would find herself at Microsoft. For roughly 10 years, during the 1990s, a period of major advancement on the way society used and relied on technology, Amy made her mark. She grew her extensive knowledge on Enterprise Resource Planning (ERP) systems and was a part of the project team responsible for incorporating and flourishing the Microsoft and SAP partnership.

“As a production planner at Microsoft, I got to work with some really cool sectors of the company. I managed the Japan, Taiwan, and Korea divisions, where we handled their localized software. And, as we phased out of all that, I was presented with the opportunity to be a part of the team that implemented SAP, which ultimately replaced all of the old legacy systems that were being used,” explains Amy.

 

Solving puzzles became a passion

Amy’s experience throughout her career has provided a perfect mold for her position here at Maritech. With family roots in the seafood industry and working on the front line to extensive eCommerce and backend experience, Amy understands obstacles and challenges that many businesses grapple with. More specifically, businesses in the seafood industry.

“I really do understand the struggle that many businesses are faced with because I have been through it. I absolutely love the concept of solving puzzles, and as a consultant at Maritech I get to do just that. I am presented with the opportunity to discover how clients run their business and how our solutions can be configured to fit those needs. It’s exciting stuff, and it’s always so rewarding knowing that I’m helping businesses practice a more proficient and effective experience,” says Amy.

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The Maritech way

More importantly, Maritech feels like home for Amy because of the environment she works in. Experience mixed with drive, passion, and kindness.

“I’ve always strived for a kind working environment. As I’ve maneuvered through my career in seafood and technology, I’ve realized that kindness, compassion and respect create the best types of professional relationships. I think those traits go a long way and it’s easy to do when you work in an environment like Maritech. Everyone here is just very kind, and truly encourage and value discovery,” smiles Amy.

Amy has come full circle since she accompanied her father on fishing trips. She combines the experiences of her career and love for seafood, making her an exceptional addition to the team. Amy utilizes her knowledge to become a driving force for our organization, facilitating face to face interactions and becoming a beacon of comfort for our west coast-based clients.

Welcome Amy, we couldn’t be more excited to have you on our team!

Punk, philosophy, and programming

Growing up, Odd Arne Kristengård planned to become a rock star.

Luckily for us he couldn’t sing and ended up in Maritech instead.

 

In 2020, he took on the role as Maritech CEO. More than fifty new hires later, a pandemic, and a Nottingham Forest promotion, Odd Arne still hasn’t had a dull day – neither at work nor at home.

He had already been with Maritech for ten years. First as a Developer, then Technical Manager and COO (Chief Operating Officer). With a penchant for punk rock and practical jokes, he’s a far cry from the archetype of a top executive. Recently, he promised to rappel down from the roof of the eight-story office building where the Molde office is located – as a reward for the efforts of employees after the summer holidays. And yes, he has a fear of heights.

 

Fired from his band

Odd Arne is described as a rock-steady, highly skilled, and empathic guy with a lot of humor. His outlook on team management is grounded by his roles as a football coach and father of four – handy skills when leading an innovative Maritech team of free thinkers. Curiosity, flexibility, and willingness to try new things are qualities he cherishes.

“It’s a good thing I have that attitude,” he laughs. “I planned to become a rock star. I’m even quoted as saying that in the local newspaper. But then I got fired from the band because I couldn’t sing. I have also studied history, philosophy, psychology, and social anthropology – all to end up as a system developer.

In any case, daring to test new things we have not tried before is such an important reason why we have achieved what we have done in Maritech. It’s all about culture; innovative thinking is in our company’s DNA. I think that’s a crucial reason why we’re always hungry to evolve further, to take our moon shot. We are deeply passionate about helping our customers work even smarter and in new ways – to become more sustainable, to gain better control over operations, quality, and profitability.”

 

Felt like the end  of the world

“Something else I also value highly is that we are good at helping each other. When I was new at Maritech, I made an error that could have had very serious consequences. For me, it felt like the end of the world. Then I got to experience what is so great about the culture here – colleagues who say “No problem, we will solve this together”. And then sit up with you all night for a whole weekend on the fly, until everything is ok again.

It’s probably difficult to pick one thing, but can you name a particular episode or milestone that has meant a lot to you since you took over as CEO?

“It must be that we have reached our goal of being a solid and natural partner for the largest companies. I remember well a few years back, when Bjørnar and I, who is now head of Product & Technology, started working closely with several of our biggest customers. What we encountered was the question “Are you big enough to handle the commitments we need?” We decided – we were certainly going to be!

Since then, we, and the entire team here, have worked hard to meet our customers’ needs while building our team and cloud platform. I’m proud that we made it. Now we are geared up to work with anyone and have proven that Maritech Cloud is the best choice for seafood companies in Europe and North America. And soon also for the logistics industry when we launch our new TMS in 2023.

Seafood + logistics in Maritech Cloud

– Speaking of the year ahead, what is the main focus for Maritech entering 2023?

“It’s twofold. Both are about cloud technology and being the partner that can provide the best value for our customers. Firstly, we are working hard to maintain and strengthen our position in the seafood industry, where we are the only company that delivers a complete set of business systems tailored to support the seafood value chain from sea to table. And now we are well on track to lift everything to the cloud.

Since 2018, we have invested more than 140,000 development hours to build Maritech Cloud, our Microsoft Azure-based platform that is now in use by both small and large companies in several countries. We are now focusing primarily on North America, Iceland and Norway; the ambition is to be able to digitalize the entire global seafood sector within a few years.

Secondly, we are now doing a major boost in logistics, building a completely new TMS – a transport management system – in the same cloud platform. It is a particularly important project because it is the core system for all our logistics customers selling transport. In addition, it will be seamlessly integrated with our seafood solutions so that logistics can easily also be managed by the transport buyers who belong to this industry.”

– Are there other topics or projects you’d like to highlight?

“Many! So many opportunities arise, expected and unexpected. No matter what the situation, we have such a competent and willing group of employees who are really passionate about Maritech. In total, we are around 125 people now. We are really proud that we have managed to attract so many talented minds in recent years, and that we are still doing all the development in Norway.”

“Now we are building our own data platform, and recently we have also really focused on traceability – and how this adds value to our customers. Together with the Directorate of Fisheries and a number of other organisations from Norway and abroad, we are the application party in an EU project (TRACE 4 EU) that will address tracking throughout the value chain using blockchain technology.

Reliable and safe end-to-end traceability is important for both control for actors as well as quality- and environmentally conscious purchasing links and consumers. It remains to be seen how the industry will achieve even better prices for it. In any case, we will do what we can to make quality more profitable than ever. “

 

Customer success

– What’s the best thing about your job?

“It has to be when customers tell us that we have helped them succeed with something. When we learn that a seafood customer in North America has an easier everyday life because of our packing files from all the Norwegian companies they import from, or when someone in the transport industry has improved capacity utilization and route selection after they received new analytics tools from us. That’s the ultimate goal for us every day; giving our customers new competitive advantages.”

You mentioned quality – it’s a topic that engages you. Can you say a little more about that?

“So much has changed since we started more than 40 years ago. At the same time, the need to improve efficiency, traceability and resource utilisation is something that still concerns all our customers to the highest degree – whether you run a transport company, a small fish processing plant, or an international group.”

“A positive trend is that documentation of quality and sustainability is now in the spotlight, and that it is becoming possible in the industry to charge more for this. There we see Norway has lagged behind, for example, Iceland, for a while, and there is still a lot to gain for many. At the same time, what is crucial for bringing about change is that it is the industry itself that must drive it forward. Those who are now good at digitalizing secure, objective documentation have an edge over others, as well as better data on why and how the raw material loses in quality, which suppliers it is most important to invest in further, and which improvement measures have the greatest effect.

Another example is how there is now great interest in sustainability reporting related to transport. Here it is interesting to see how this has quickly become something “everyone” should have, both in the seafood and logistics segments. The fact that we have customers who are both carriers, freight forwarders and transport buyers means that we see how this is now becoming part of the contract and price picture that all players in the value chain must relate to. “

Mowi Consumer Products UK choose Maritech Eye™ quality scan

Change management

– These are challenging times. For many it is hardly digitalization that is at the top of the agenda these days?

“Clearly. It is dramatic how the situation in the world has now become. Everywhere, investments are put on hold, and there are major ripple effects that impact everyone. At the same time, it is digitalization that makes it possible to operate with higher profitability and be even better equipped to stand fast in precisely such times as we have now. Removing manual processes, automatic reporting, interacting more easily with suppliers, partners, certification bodies and customs – just think about how many such examples there are. Increase security and spend time on what you’re supposed to be doing, rather than administration.

The vast majority have more to do in order to fully exploit their potential. What is demanding for many is that digitalization brings with it changes in the way people work, and therefore it is just as much about change management, people and processes, as the technological tools themselves. On the other hand, modern cloud solutions have made it much easier, even for small players, to take advantage of the technological opportunities that exist.

The value chain x-factor

– You talk about seafood, transport management and data platforms, and Maritech is also working on IoT (Internet of Things) and warehouse management systems. Are you getting too broad?

“This is precisely the value chain focus that makes us unique, both in terms of expertise and software. Within the seafood sector, there are no competitors in the world that offer the degree of tracking and holistic management and control that we do. In logistics, too, the ambition is to do something similar internationally.

For customers, it means that players in different parts of the value chain can interact much more efficiently and profitably than if they use systems from several different suppliers, which are not as tightly integrated. And the more people who use the cloud platform across the board, the more value it will create for users.

We have also digitalized industry-specific processes for which systems have not previously existed, such as seafood logistics. Here it was the expertise across sectors that was crucial to the innovation project, where we collaborated with transporters, transport buyers and the logistics team in the former Timpex, which we simultaneously acquired.”

– At the very end, there’s one thing we’re wondering about. What was that error you mentioned at the start?

“Ugh, I don’t think we should bring that up. But one thing is certain – we will continue to help each other and take care of our people when something happens,” he smiles. That’s probably what I’m most proud of at Maritech. “

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From tree-planting to seafood tech

Our North American team is growing! We are happy to introduce you to Cyra, our new seafood software consultant in Halifax. 

 

The idea of Cyra Humber working in an office was a foreign thought to her for most of her life.

A thought that wouldn’t dare enter her mind while she attended university, travelled the world, worked in hospitality and planted trees. It wasn’t until the coronavirus pandemic began that everything changed. She would head back to Canada and begin a new educational journey, eventually finding herself a part of a new community – Team Maritech in Halifax.

 

A love for the east coast

Cyra began her academic career at St. Francis Xavier University, a smaller school in what she says felt like an even smaller town known as Antigonish, Nova Scotia. Completing a bachelor’s degree in Psychology wouldn’t even be the highlight of her university career, but rather it was the four years she would spend competing for the Women’s Varsity Rugby team – winning two national and three provincial titles during her time on the team.

Unsure of her next step, the only thing Cyra knew was that she wasn’t ready to leave the east coast of Canada, moving from Antigonish to the province capital of Halifax. Originally from Toronto, Ontario, the maritime way of life soon stuck with Cyra and would ultimately become the reason she would make this place home.

“The energy of Halifax is amazing, and working here at Maritech, has been the most rewarding experience,” says Cyra. She has been with the team since April of 2022.

A new opportunity

In September of 2021, Cyra returned to school at the Nova Scotia Community College, to complete an Advanced Diploma in Public Relations. Shortly after, she found herself immersed in the seafood tech industry as a software consultant.

“I love working with people. It’s kind of a perfect position for me. Solving problems and teaching people how they can make their organization run more efficiently is a really rewarding feeling,” smiles Cyra.

The past months at Maritech have opened Cyra to a new world – one she has been eagerly learning – seafood. Although she grew up enjoying seafood, she was humbled when she began working here and realized the processes these products must go through to become what we consume.

“I truly never realized how big of an industry seafood is, and I am excited to learn all there is to know. I really couldn’t be learning from a better organization. Our software solutions are the only ones of their kind in the world. I have been so lucky to be presented with the opportunity to learn all the processes of seafood from catch to consumer plate, and help others be more efficient and sustainable. There is such a wealth of knowledge here,” says Cyra.

We certainly feel lucky to have her aboard our North American team!

Curious?

Letus know! We would love to talk to you!

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News in Maritech Packing and EasyLabel

Here are the most important improvements + new integrations since the last upgrade.

Curious, and not yet a customer? Let us know! 

Maritech Packing

  • Support for 2 different checkout labels for the same register registration on separate printers. Support for tables in label design.
  • Support for specifying allergens, nutritional content, and ingredients on the product, as well as translation in different languages for these.
  • Reorganization of commodity properties on the right side with, among other things, a display of which grading keys marked goods are included in.
  • Locking columns by scrolling laterally in sales orders, item indexes, and language texts.
  • Function to send documents (waybill, cash register etc.) collected from sales orders in Packing.
  • Reprinting labels from picking orders in Packing based on selected customer on the order.
  • General bug fixes and improvements.

 

Maritech EasyLabel

  • Improvements against Scan weight applications.
  • Support for direct print against multiple printer models without the use of a Windows driver.
  • Improved support against printers using windows driver with the label now rotating in all 4 directions.
  • General bug fixes and improvements.

 

Maritech EasyGrade

  • Better support against Marelec graders from the EasyGrade screen.
  • Control of degrees defined in a reception / delivery of fish from 1 boat.

 

Packing API

  • Continuous cash export to Trading / P&S. Fast track.
  • Synchronization of master data (goods, labels, languages, language translations etc.) between several facilities, where 1 installation is defined as master.
  • Integration with Marelec, Valka and Marel grade.
  • Integration with “Delford”.
  • Continuous enhancements and improvements towards integrations.

Anything you’d like to ask us?

Please let us know if you have any questions!

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Integrations

  • Integration with Maritech Purchase & Sales.
  • Integration with Marelec, Valka and Marel grade.

 

Those of you who are already using our Packing and Labelling systems will be contacted shortly, to arrange a time for installation of the new updates.

FDA’s New Traceability Rules for Seafood

A checklist and lessons from Norway

 

The US seafood industry is facing new challenges as the FDA traceability regulations are set to become official on November 7th. 

The new, strict regulations from the US Food and Drug Administration (FDA) include all food commodities identified on the FDA’s Food Traceability list (FTL), such as finfish (catfish excluded), crustaceans, mollusks, and bivalves, with additional records required for fish obtained from a Fishing Vessel. The traceability record-keeping requirements will affect almost all seafood producers who do business in or with America. With aggressive deadlines, few exceptions, and no phase-in, the proposed rule will make compliance using paper-based or out of date electronic systems nearly impossible. 

 

Aligning with existing regulations

Seafood products included in the FTL are also subject to the Seafood Hazard Analysis Critical Control Point (HACCP), the National Shellfish Sanitation Program (NSSP), and the Seafood Import Monitoring Program (SIMP), among others. Sorting out how all these rules align and how they can be incorporated into your existing data management systems can be confusing. Especially for small producers, the burden can seem onerous and expensive. Although not mandated, it seems clear that the ability to provide a spreadsheet record to the FDA within 24 hours could only be accomplished if a company is capturing digital records. 

“I talk to producers every day who have already put considerable investment into data compliance and who fear, especially in this inflationary and difficult economic climate, the enormous cost of reviewing and complying with the new rules. It’s going to be difficult for a lot of seafood companies, particularly small-to-midsize harvesters and distributors,” says Kristjan Kristjansson, Sales Manager, Maritech North America.

“Keeping track of everything is painful right now and it’s going to get more painful. There are some companies that aren’t going to be able to make that transition easily without an affordable software partner. If the FDA triggers an audit, without a system in place that can produce the necessary records within hours, it could mean fines, lawsuits, or even being shut down.”

 

Kristjan Kristjansson,Maritech North America

Norway – the gold standard for seafood traceability

Similar rules have been in place in Norway for many years, and the country has become the gold standard for traceability record keeping. As Maritech has been a trusted partner in seafood technology for more than 40 years, ensuring compliance according to Norway’s even stricter traceability requirements, our systems have been stress tested by some of the largest and most complex seafood companies in the world, whose global trade must meet all standards and regulations. In transitioning our advanced software tools to the cloud, we also make our expertise and best practices available to even the smallest of seafood producers in a simple and cost-effective way.   

“For firms to comply with the new rules, especially small to mid-sized producers, partnering with a software company who fully understands the best way to implement traceability systems in an efficient and cost-effective manner is now more important than ever. With Maritech Cloud, you get sophisticated cloud-based tools tailored for the seafood value chain, with built-in compliance and proven best-practice methodology,” Kristjansson continues.

“Landing Note information, which records the catch area, fishing trip dates, origin lots, and more has been in place for many years in Norway and has been an integral part of Maritech software systems from the very beginning. In our latest pilot project, we have moved this functionality into our native cloud solution, Maritech Purchase & Sales, with planned release functionality developed specifically for the North American market. This means that even very small producers can comply easily and affordably with an implementation that takes weeks, and not months and years.”  

 

New FDA Rules – Checklist

  • Food Traceability List – Companies that originate, transform or create food on the FTL must assign a new traceability lot code. All key data elements must be linked to the traceability lot code to ensure traceability within the firm and across the supply chain.

  • Seafood Obtained from a Fishing Vessel – First Receivers of seafood obtained from a fishing vessel must create/maintain a traceability lot code and have a mechanism for linking the code to the Harvest date range and locations (National Marine Fisheries Service Ocean Geographic Code or geographical coordinates) for the trip during which the seafood was caught.

  • Key Data Elements – The FDA’s proposed system follows critical tracking events (CTEs) in the supply chain and stipulates capture of key data elements (KDEs) along the way.

  • Data Flow – Firms that ship foods on the FTL would be required to send product origin information, including the traceability lot code, to the receiving firm.

  • Record Keeping Requirements – Under the new mandatory record-keeping procedures, supply chain partners will have to maintain the data in their systems for two years and provide it to the FDA in a sortable, electronic spreadsheet within 24 hours in the event of an outbreak.

The First Eye at Sea

Útgerðarfélag Reykjavíkur is the first company that have started using Maritech Eye™ onboard fishing vessels.

In December, Icelandic Útgerðarfélag Reykjavíkur installed the first of their two Maritech Eye units.

Their purpose is to automate the recognition and documentation of species in combination with size and other parameters related to various characteristics of whitefish catch.

The information will also be sent to the fisheries authorities in Iceland, who will use the data for research and estimation of stock size to optimize Icelandic quotas. Fiskistofa, The Icelandic Directorate of Fisheries, and Hafrannsóknarstofnun Íslands, the Icelandic Marine and Freshwater Research Institute, express that this project is very exciting to follow up on and that they will collaborate closely with Útgerðarfélag Reykjavíkur.

Automated catch registration

“We chose Maritech Eye™ because we see the possibility to solve the task of registering all our catch and believe it will greatly help optimizing our operations and give important research data to fishing authorities,” says Runólfur V Guðmundsson, CEO Útgerðarfélag Reykjavíkur.

“Útgerðarfélag Reykjavíkur is a leading Icelandic fishing company. They always try to use the latest technology on their vessels and work closely with all stakeholders in the industry. True pioneers,” says Konráð Hatlemark Olavsson, General Manager Maritech Iceland.

“As the industry is changing and the boats are getting bigger and more advanced, we see this as a natural part of the development – automated sorting, quality control, data collection, and documentation.”

Útgerðarfélag Reykjavíkur chose Maritech Eye for automated sorting onboard fishing vessels

Blood, Gaping, Fat, Nematodes ++

Automated and objective quality assessment, documentation and sorting, allows you to use your resources in a more cost-efficient way and improve your margins. With our standardized setups for salmon or whitefish, you can easily get started and get full return on your investment within just a few months. Ask us for an estimate.

Maritech Eye™ detects and documents blood spots, gaping (whitefish and salmon) melanin, salmofan, fat (salmon fillets), nematodes, and species (white fish fillets + round fish). As the scanning gives you objective documentation of the fish quality – in industrial speed, with a unique ID for each fish – you can easily provide this verification and traceability to your customers either they are wholesalers, supermarket chains or smaller buyers. If you buy fish from other, you will be able to verify that you pay for the quality you actually get.

Maximizing profit and quality

“This first vessel-based project is a milestone in several ways,” says Per Alfred Holte, VP Technical Solutions at Maritech. “Especially since the value creation at the fishing grounds is almost impossible to compensate for at a later stage in the seafood value chain. An increasing share of the quotas are caught by large vessels, it is crucial to ensure optimal operations at sea, data collection, and resource utilization.

With automated tools such as Maritech Eye™, both the industry and authorities ensure objective documentation and data collection, with considerably higher precision and efficiency compared to what you can get through a manual collection of random samples or inspection of complete catch volumes.”

Curious to see how it works?