Archive for May 2022
The May 2022 issue of Fish Farmer is out now online
The last few weeks have seen the return of two big events –Seafood Expo Global/Seafood Processing Global, in its new home, Barcelona, and the Aquaculture UK trade show in Aviemore, in the Scottish Highlands. In the May issue of Fish Farmer, which you can read here online, we report on the Expo in Barcelona and…
Read MoreUniversity of Stirling rated top for aquaculture research
The University of Stirling’s Institute of Aquaculture has been ranked “first for impact” in the UK in the field of Agriculture, Veterinary and Food Science. The accolade comes from the Research Excellence Framework (REF) 2021 – an independent appraisal of the quality of research conducted by all UK universities – also reported that more than…
Read MoreScottish Sea Farms helps SalMar to profit in Q1
SalMar today became the latest fish farming company to report increased first quarter operating profits on the back of soaring salmon prices. The salmon giant, which is part owner of Scottish Sea Farms (SSF), posted an operational EBIT of NOK 1.26 billion (£105m), almost double the NOK 627m (£52m) figure for the same period last…
Read MoreQatar Airways reports seafood transport milestone
Qatar Airways has reported a record year for salmon shipments between Oslo and Doha in the Middle East. The airline transported more than 46,000 tonnes of Norwegian seafood in 2021, the largest amount yet. The news reflects the importance of the Middle East as a growing market for Atlantic salmon from the northern hemisphere. In February…
Read MoreSalmon exporters warn against ‘trade war’
Escalating the dispute between the UK and European Union over the Northern Ireland protocol risks a damaging trade war. That’s the warning from Salmon Scotland, which represents producers and suppliers in the salmon industry. Yesterday it was reported that Suella Braverman, Attorney-General for England and Wales, had approved scrapping large parts of the agreement between…
Read MoreClimate solution
Aquaculture is one industry that can actively reduce greenhouse gases, a report has found. Here’s why. Seafood from marine farms using the right practices represents a climate-friendly option for consumers. So says a joint study by the University of Adelaide and The Nature Conservancy (TNC). Climate-Friendly Seafood: The Potential for Emissions Reduction and Carbon Capture in…
Read MoreInsurers pay Atlantic Sapphire £21m after Danish fire
The fish farmer Atlantic Sapphire is to receive an insurance settlement of around £21 million following a major fire at its Danish fish farm last September, the company has announced. The pay-out totals 180m Danish kroner (DKK) or US $26m. It was estimated at the time that the total cost of damage was around $30m…
Read MoreMowi Q1 profit soars, but Scotland down again
Boosted by soaring salmon prices, Mowi today unveiled a record first quarter operating profit or EBIT, but results from its Scottish business were once again disappointing. The world’s largest salmon farmer announced an operating profit of €206.7m (£176.7m) during the January to March period against €109.2m (£93.3m) in Q1 last year. The group turnover was €1,095m…
Read MoreBakkafrost’s Scottish farms on road to recovery as group profits rise
Bakkafrost almost doubled its operating profit during the first three months of this year, with its Scottish farming business showing a big improvement. Releasing the 2022 Q1 results, the Faroe Islands based salmon farmer announced an EBIT (earnings before interest and taxation) figure of 418 million Danish kroner (£48m), against DKK 244m (£28m) 12 months…
Read MoreGustav steps down, Linda steps up at SalMar
Salmon farming giant SalMar has a new chief executive at the helm today with Linda Litlekalsøy Aase taking over from Gustav Witzøe. She steps into the top job at a critically important time for the business as it prepares (subject to Norwegian Competition Authority approval) to acquire its aquaculture rival NTS. Witzøe, who has skilfully engineered the…
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