Archive for November 2020
Nutreco teams up with Nordic Aqua Partners to build RAS facility in China
Dutch feed manufacturer Nutreco has completed its further investment in Nordic Aqua Partners (NAP), which is building a Recirculating Aquaculture System (RAS) facility for salmon farming in China. Earlier in November, Nordic Aqua Partners announced successfully completing a private placement of new shares with gross proceeds of approximately €55.1 million. The farm, which will be…
Read MoreISA infections move south
Norway’s Food Safety Authority has established a strict control area in the Stavanger region to help prevent the further spread of infectious salmon anaemia (ISA). The Rogoland area is in the southern part of Norway which up to now has remained relatively ISA-free. The move follows a confirmed ISA outbreak earlier this month at the…
Read MoreBakkafrost smolt hatchery set for expansion
Bakkafrost has signed an agreement with Norwegian recirculating aquaculture system (RAS) technology company Nofitech to expand the Glyvradal smolt hatchery on the Faroe Islands. The project will expand the hatchery’s capacity by 13,000 cubic metres. Bakkafrost says the move is part of its long term investment plan and will mean that the annual production of…
Read MoreBenchmark Genetics reports revenues down, cash up
Aquaculture biotech business Benchmark Genetics has reported lower revenues and reduced EBITDA earnings, but says the company is in a stronger financial position following restructuring. Revenue from continuing operations was £105.6 million for the year ending 30 September 2020 (2019: £124 million) and adjusted EBITDA for the period, before exceptional items and acquisition-related expenditure, was…
Read MoreOrganic Sea Harvest loses Skye planning appeal
Independent producer Organic Sea Harvest has lost its planning appeal for a fish farm off Flodigarry, on the Isle of Skye. The application was turned down on the grounds that it would have “significant and unacceptable impacts on landscape, character and visual amenity” of the area. OSH had sought permission for 12 120m cages and…
Read MoreScotland resumes salmon exports to Saudi Arabia
Producers are optimistic that the first shipment of Scottish salmon to Saudi Arabia in 18 months could point the way to new market opportunities. A shipment of Mowi Scotland salmon arrived in Dammam on Saturday 21 November, effectively re-opening the Saudi Arabian market after a lengthy hiatus due to the changes in Saudi seafood regulations…
Read MoreOTAQ sees revenue, profits up in H2 2020
Marine technology group OTAQ has reported growth in both revenue and profits for the half-year ending 30 September 2020. The group saw revenue up 16 per cent to £2.03 million and gross profit up 13 per cent to £1.14 million. Adjusted EBITDA was £0.39m (up 22 per cent on H2 2019). The interim figures do…
Read MoreSalmon prices on the rise again
Salmon prices may be starting to climb out of the doldrums, new data suggests. Statistics Norway, whose weekly updates tend to act as a marker for the rest of the North Atlantic industry , says the average price of fresh or chilled salmon rose by 1.3 per cent at the end of last week (week…
Read MoreKingfish opens trading on Oslo’s Merkur Market
The Netherlands-based seafood company Kingfish made a promising debut on the Oslo Stock Exchange’s Merkur Market yesterday. Kingfish hopes the Norwegian IPO will generate millions of euros to help finance and accelerate its expansion in the Netherlands and the United States. Dutch news sources say the company expects to raise between €50 million and €70…
Read MoreCanadian seafood exporters welcome UK trade deal
Seafood leaders in Canada have this week welcomed the signing of a temporary free trade deal with the UK. The agreement means there will be no tariffs on farmed or wild caught fish exported to Britain next year. Tariffs on Canadian seafood to the European Union were abolished earlier this year under the Canada-Europe Trade…
Read More