Archive for December 2019
Mowi staff buy discounted shares
EMPLOYEES of Mowi have been offered the chance to buy shares in the company at a discounted price. The deal applies to Norwegian, Scottish and Canadian permanent staff. The offer is based on the average purchasing price for the company\’s shares on December 10 of NOK 230.0521 per share. The Norwegian Tax Act provides Norwegian…
Read MoreIceland aquaculture exports triple
ICELAND’S fish farmers are stepping up the pace with the value of aquaculture exports now running three times higher than a year ago. Figures for October this year, the most recent month for which statistics are available, show that the export value of farmed products of all types totalled 3.1 billion kroner (ISK) or £19.6…
Read MoreFirst Barcaldine smolts transferred to sea
THE first smolts from Scottish Sea Farms’ new £55 million Barcaldine hatchery have been safely transferred to sea pens, the company said today. The smolts, which arrived at Barcaldine as eggs in January, were hatched and reared using a recirculating aquaculture system (RAS). They had an average weight of 160g – more than double that…
Read MoreNew Year launch for salmon RAS pilot
A PILOT land based farm in Norway will lay the grounds for the RAS production of more than 30,000 tonnes of salmon, said the pioneers behind the project. Havlandet, in Norway’s westernmost city of Florø, is starting construction work on the site in January, after more than 17 years of experience with land based farming…
Read MoreBakkafrost secures £296m in credit pledges
BAKKAFROST today announced it has secured two credit facilities for a total of up to 352 million euros (£296 million), partly to help finance its recent acquisition of the Scottish Salmon Company. The deal, which kicks in this month, comes in the form of a binding agreement between the Faroese salmon farmer and the lenders.…
Read MoreStrikes dampen salmon price rise joy
AFTER months of a downward spiral, salmon prices are rising sharply again. In Norway last week the average price for fresh or chilled salmon was just over 63 kroner per kilo, up by 2.7 per cent on the previous week. The price of frozen salmon was not far behind at almost NOK 60 per kilo.…
Read MoreTroubled company granted extra farm licences
ICELAND’S largest fishing company has landed a larger than expected operating licence to produce up to 3,000 tonnes farmed fish at Grindavik on the south western tip of the country. Samherji had originally applied for permission to cultivate 1,600 tonnes of salmon and char, but later asked for an increase. Now Iceland’s Food and Veterinary…
Read MoreNorwegian seafood exports to hit NOK 100 billion
NORWEGIAN seafood exports are poised to break through the 100 billion kroner milestone (£8.37 billion) for the first time in the next few days, boosted by exceptionally strong growth in salmon sales. Figures for November show that overseas sales so far this year were worth NOK 97.7 billion. Renate Larsen, CEO of the Norwegian Seafood…
Read MoreEveryone should own salmon shares says analyst
THE salmon farming sector can look forward to a better year in 2020, a leading Norwegian investment analyst has predicted. And Tore Tønseth, at Spare Bank 1 Markets, is also urging everyone to buy shares in salmon companies. In an interview with the Oslo business newspaper and website Finansavisen, he said the last few months…
Read MoreScottish Sea Farms lures two industry leaders
GIDEON Pringle, who recently announced he was to leave his post as operations director of farming at Mowi, is to take up a senior role at Scottish Sea Farms. He will start in April next year as director of farming, a new position created following a restructuring at the company. Until then, he will work…
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