Archive for November 2020
Norcod says its cod harvest is on track
Norcod, Norway’s largest cod farmer, has reported a third quarter operating profit in its first production cycle, but a small pre-tax loss. The company farms cod in its natural habitat off the coast of central Norway and has so far produced 1.7 million fish, spread over two locations. For Q3 its operating profit was NOK…
Read MoreMarkdown on shares hits NTS earnings for 2020
The large shipping and aquaculture services group NTS ASA has unveiled a pre-tax loss of NOK 74 million (£6.1 million), compared with a profit of almost NOK 2 million a year ago. Profits for the third quarter of this year were, however, significantly up on the same period for 2019. The pre-tax loss for 2020…
Read MoreA global game changer
The innovative closed floating fish farming system FishGLOBE is proving its excellence FishGLOBE, the ground-breaking closed floating fish farming system has now been in operation for two generations outside of Stavanger, Norway and the results are better than its developers could have imagined. The technology is also giving fish farmers the tool they need for…
Read MoreStrong uptake for Mowi\’s employee share offer
Mowi Group employees have been invited to buy shares in the company at a discounted price. So far, 860 have taken up the offer. Mowi is the largest listed fish farm group worldwide. It rolled out its share offer to all permanent employees in the group and in its subsidiaries in Norway, Canada and Scotland,…
Read MoreStrong uptake for Mowi\’s employee share offer
Mowi Group employees have been invited to buy shares in the company at a discounted price. So far, 860 have taken up the offer. Mowi is the largest listed fish farm group worldwide. It rolled out its share offer to all permanent employees in the group and in its subsidiaries in Norway, Canada and Scotland,…
Read MoreFour fish farmers recognised in latest global sustainability index top 10
Four companies in the aquaculture sector have made it to the top 10 of an independent global index of sustainable food producers. The Coller FAIRR Protein Producer Index is based on an analysis of 60 of the world’s largest animal protein producers, ranking them on a number of factors including greenhouse gas emissions, water use,…
Read MoreSalMar reports profits up for Q3 2020
Fish farming giant SalMar has delivered exceptionally strong third quarter results, with a better than anticipated performance from its associate business Scottish Sea Farms, in which it has a 50 per cent share with Leroy Seafood. In what has been toughest quarter yet for salmon farmers, the group today announced an operational EBIT of NOK…
Read MoreInvesting in the future
Major developments for cleaner fish management Amidst global upheaval and the effects of Covid-19, UK-based feed manufacturer, World Feeds Ltd, has been hard at work ensuring that its well-laid plans for 2020 have been able to proceed as uninterrupted as possible. This year marks a major milestone for the company, as its factory in the…
Read MoreCrown Estate Scotland beats surplus target
Crown Estate Scotland, the public body that manages land, property and marine assets in and around Scotland, has reported a surplus well above target for 2019/20. The Crown Estate has a responsibility to deliver revenue to the Scottish Government as well as delivering wider social, environmental value. Its remit includes developing aquaculture and offshore wind…
Read MoreLerøy Seafood Group sees revenue, profits fall for Q3
Lerøy Seafood Group, co-owner of Scottish Sea Farms, today posted a fall in third quarter revenue of NOK 329 million (£27.5 million). Salmon was not the problem, however. The company said the most significant factor behind the lower earnings was pressure on the whitefish market resulting from the Covid-19 pandemic, and the change in catch…
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