Archive for September 2020
25 companies to sue over traffic light scheme
Twenty five salmon and trout companies plan to sue the Norwegian government over the new fish farming traffic light scheme. They argue they are not only being robbed of part of their livelihood, but the country is losing out on the country’s second most important export product. Under the plan introduced at the start of…
Read MoreNordlaks celebrates year of significant investment
Nordlaks, the company behind the giant Havfarm1 salmon farming platform, invested more than 850 million kroner (£72 million) in 2019 – a year which it says an algae bloom outbreak affected production. Nordlaks reported operating revenues of NOK 3.06 billion (£260 million), up from NOK 2.95 billion (£251 million) the previous year. After tax and…
Read MoreSalmar faces Ocean Farm escape probe
Salmon farming giant SalMar is facing an official investigation following the escape of salmon from its giant offshore platform Ocean Farm 1. It is not yet known how many fish became free, but Norway’s Directorate of Fisheries said it cannot rule out the possibility of a major escape at the site. The Directorate said in…
Read MoreBig rush to buy into Salmon Evolution
The Norwegian land based aquaculture company Salmon Evolution looks set to raise 500 million kroner – or more than £42-million – in new capital following a private placement of shares that was several times over subscribed. It was announced only a few days ago that Salmon Evolution is partnering Dongwon Industries, South Korea’s largest fishing…
Read More69% drop in China exports
China delivered the biggest export hit to Norwegian salmon farmers during August, according to the country’s seafood council. A year ago it was the largest growth market by far, but because of Covid-19 and the various scares around the pandemic, sales have slumped. Salmon exports alone to China fell by 69 per cent when compared…
Read MoreVAKI Scotland Celebrates Five Years
Over the past five years, VAKI Scotland Ltd. has established a reputation for delivering superior customer support and service for clients in the UK and Ireland. As the company observes it fifth anniversary, Gareth Hammond, the area manager for the UK and Ireland shares his thoughts on the accomplishments and challenges during the subsidiary´s first…
Read MoreGo ahead for advanced South Korean salmon farm
Dongwon Industries, South Korea’s largest fishing group, has announced that it intends to go ahead with its plan to enter the aquaculture business by building a large environmentally land based smart salmon farm in the country. Dongwon is linking up with Norway’s Salmon Evolution by investing in the business and using its advanced technology. Work…
Read MoreSharp drop in August salmon exports
Norwegian salmon exports took a big Covid hit during August, the latest figures out today show. Overseas sales fell by seven per cent in volume terms to 95,100 tonnes and were down 13 per cent in value to NOK 5.3 billion (£448 million) on the same month last year. Paul T. Aandahl, analyst at the…
Read MoreISI swoops for artisan salmon smoker
The fast expanding company Iceland Seafood International (ISI) has signed a Letter of Intent with the Mondi Group AB of Sweden to acquire all the share capital of the artisan Irish smoked salmon business Carr & Sons Seafood Limited. Based in County Mayo, the firm has a long established reputation for high quality smoked and…
Read MoreAKVA wins Iceland feed barge deal
The Icelandic salmon company Laxar Fiskeldi is to buy a large new feed barge from the AKVA group to meet an expected east coast increase in output over the next few years. The vessel, known as the AC 650 Panorama has a large feeding capacity of 650 metric tons in 12 silos, eight feeding lines…
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