Archive for May 2021
The May 2021 issue of Fish Farmer magazine is online
The Scottish parliamentary elections of 6 May resulted in the SNP retaining their place in government (with the support of the Scottish Greens). Politically the status quo continues as before, then, but that does not mean “no change”. In the May issue of Fish Farmer we take a look at what this means from the…
Read MoreOTAQ takes a stake in Blue Lion Labs
Marine technology group OTAQ has taken a 10% stake in Blue Lion Labs, a Canadian data management and software company focused on monitoring harmful organisms in water. OTAQ is investing CAN $300,000 (£175.5m) in the Canadian firm, and has signed cooperation and licensing agreements which will ultimately allow OTAQ to incorporate Blue Lion’s specialty in…
Read MoreBakkafrost delivers higher than predicted operating profit
The Bakkafrost group, owners of the Scottish Salmon Company, delivered a total operating EBIT or profit of 223.5m Danish kroner (£26m) during first three months of this year, higher than some analysts were suggesting. The group harvested 21,000 tonnes gutted weight, with 7,000 tonnes coming from its Scottish operations. The combined farming and Value Added…
Read MoreIceland shines for NRS, but Norway disappoints
Norway Royal Salmon today announced a first quarter operating profit of NOK 60m (£5m) during the first quarter of 2021, down from NOK 75m (£6m) a year earlier. The latest quarter’s profits were also appreciably lower than the NOK 87m (£7.46m) some industry analysts were expecting. Although Arctic Fish, its recent Icelandic acquisition, performed particularly…
Read MoreRamboll wins RAS kingfish contract
Aquaculture technology business Ramboll has been awarded a further contract by The Kingfish Company for design and engineering services for a recirculating aquaculture system (RAS) site being built in Jonesport, Maine. The RAS facility, to be run by subsidiary Kingfish Maine, is projected to produce 6,000-8,000 metric tonnes of yellowtail kingfish per annum. Ramboll has…
Read MoreNorcod turns loss into profit
Norcod has announced a significant turnaround in its financial position, nearly doubling revenues and reporting a 2021 first quarter profit. The Norwegian cod farmer announced an income of NOK 11.8m (£1m) compared to NOK 6.3m (£546k) for the same period last year. The pre-tax operating profit was NOK 1.5m (£130k) against a loss of NOK…
Read MoreJanuary’s cyber attack cost AKVA £4m
The cyber attack which hit the AKVA group at the beginning of this year has cost the business more than £4m or NOK 49.7m. The figure is disclosed in the global aquaculture services company’s 2021 first quarter figures. The attack took place on 10 January, seriously disrupting a number of AKVA’s systems for a time,…
Read MoreScottish salmon best in world say top chefs
MORE than 200 top-rated UK chefs have overwhelmingly voted Scottish salmon to be the best in the world! They maintain it leads every other salmon producing countries in both taste and quality. As the country’s restaurants prepared to open up after the long Covid shutdown, a total of 242 chefs were polled by the Chef’s…
Read MoreGrieg hit by another ISA outbreak
GRIEG Seafood has reported a suspected outbreak of Infectious Salmon Anaemia (ISA) at one of its farms in Norway. If confirmed, it will be at least the third case to affect the company since last September. The location is Grieg’s Stangnes site in the Hammerfest area of Troms and Finnmark where around 800,000 fish are…
Read MoreCumbrae Oysters signs port deal
Shellfish farmer Cumbrae Oysters has signed a new lease with the owners of Hunterston Port and Resource Centre, doubling the size of its site at the part. Peel Ports, the owner of Hunterston, on the Clyde coast in the west of Scotland, launched a plan late last year to develop the 320-acre Hunterston site, as…
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