Archive for July 2021
Loch Duart hails success for plant investment
One year on from Loch Duart’s acquisition of a formerly defunct processing plant at Dingwall, Factory Manager Russell Leslie has said he is “delighted” with its performance. Independent salmon farmer Loch Duart purchased the site, which had previously been operated by Thai Union/ Edinburgh Salmon Company, in 2020. The 50,000 sq. ft. premises had been…
Read MoreSalmon Evolution set to list on Oslo Børs
Land-based fish farmer Salmon Evolution ASA is set to list its shares on the Oslo Børs stock exchange as from tomorrow. The company has published a prospectus for investors but has said that no new shares will be offered in connection with the listing. Yesterday the Oslo Stock Exchange on 7 July 2021 announced that…
Read MoreKingfish sells out, hits new production record
The Kingfish Company says it is selling its variety of yellowtail almost as fast as it can produce it. The Dutch fish farming business presented its second quarter results yesterday and announced that despite increased harvest levels, its current production capacity is sold out. The company is expanding its facility in the Netherlands, and the…
Read MoreNorwegian government still upbeat over 2050 production target
The Norwegian government has launched its new forward strategy for the aquaculture industry, setting a course for the next 10 to 15 years. The main goal is still to produce five million tonnes of salmon and trout by 2050, five times the current level. Other goals include producing sustainable seafood with a low climate and…
Read MoreLower Q2 harvests for SalMar and Lerøy
Lerøy Seafood and SalMar have reported lower harvest volumes for the second quarter of this year. The two companies, which have just issued their Q2 trading updates to the Oslo Stock Exchange, are joint owners of Scottish Sea Farms which is buying Grieg Shetland’s assets for around £164m. The Scottish Sea Farms harvest is not…
Read MoreProcessor Marel set to take over Valka
Icelandic food processing group Marel has struck a deal to acquire Valka ehf, a fish processing business also based in Iceland. Under the deal Marel will acquire more than 90% of Valka’s share capital and the remaining shareholders will be invited to sell their stock on the same terms. The purchase price will be paid…
Read MoreTierra del Fuego bans open net salmon farming
Argentina’s southernmost province is to ban open net salmon farming. The provincial legislature of Tierra del Fuego has approved a bill to outlaw the practice amid “concerns about stability”. The Tierra del Fuego archipelago covers an area of 28,400 square miles (73,700 square kms) of which one third belongs to Argentina and two thirds forms…
Read MoreLerøy hit by suspected ISA outbreaks
Lerøy Seafood has become the latest big company to face the threat of Infectious Salmon Anaemia. A suspected outbreak of ISA has been reported at Lerøy’s relatively new site at Djupestallen in western Norway, which is part of an existing control area. It is the second time in a week that a Lerøy site has reported…
Read MoreLanding lands Nofima RAS deal
Netherlands-based engineering business Landing Aquaculture BV has agreed a deal with leading Norwegian research institute Nofima to supply 20 fully automated RAS units. The experimental RAS (recirculating aquaculture system) units will be deployed at Nofima’s research centre in Sunndalsøra, Norway. Nofima will use the systems to carry out cutting-edge research into land-based aquaculture. Each experimental…
Read More‘Game changer’ technology to combat algal blooms
Seafood Shetland has received a grant of £54,328 from the Coastal Communities Fund for a cutting-edge scientific initiative to support the early detection of harmful algal blooms. The fund, distributed by Shetland Islands Council, is supported by Crown Estate Scotland. Ruth Henderson is chief executive of Seafood Shetland, the trade body representing fish processing, fish…
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