Archive for June 2022
Wealth tax drives large Norwegian investment in Atlantic Sapphire
Miami-based salmon farmer Atlantic Sapphire has raised more than £100m (NOK 1.23bn) to complete the financing of its ambitious Florida development. The money will be used to fund the second phase of the project and along with US $25m (£20.5m) of debt and for general corporate purposes, according to an Oslo Stock Exchange announcement. Several…
Read MoreCooke says Tassal offer ‘attractive’
Cooke Aquaculture has said it considers its AU $1 billion (£567m) bid for the Tasmanian salmon farmer Tassal to be an attractive proposition for shareholders. Yesterday the company submitted an offer of AU $4.85 per share which was rejected by the Hobart based company. It now turns out this was Cooke’s third offer, starting at…
Read MoreKingfish Maine project receives official green light
The Kingfish Company has finally received federal approval for its proposed new Dutch Yellowtail facility in Jonesport, Maine. The permit was granted by the US Army Corps of Engineers and follows the approval of key permits from the State of Maine Department of Environmental Protection (MDEP) and critical water-side permits last year. Kingfish Maine is…
Read MoreFilling the gap
Aquafeed is big business. The 2022 Alltech Agri-Food Outlook, based on data from more than 140 countries, estimates that international feed tonnage – for livestock and aquaculture combined – increased by 2.3% in 2021, year-on-year, to a total of 1.235 billion tonnes. Aquafeed grew faster than this, with an increase of 3.7%. The Alltech report…
Read MoreFish farmers braced for higher charges from SEPA
Scotland’s fish farmers are about to see a big increase in the charges levied by SEPA, the Scottish Environment Protection Agency, on marine pens. SEPA sets a charge for each application for a finfish pen at sea and an annual “activity charge”, based on biomass in both cases. The new charging scheme will take effect…
Read MoreCall to use farm rents to fix rural housing crisis
Funds raised by Crown Estate Scotland from fish farming licences should be used to help coastal areas tackle the housing crisis. That’s the message from industry body Salmon Scotland, which wants to see a system like that in Norway, where a ring fenced element of farm rents is used to benefit local communities. Analysis by…
Read MoreTassal turns down bid from Cooke
Canadian fish farmer Cooke Aquaculture is making a new attempt to buy into the Australian salmon sector. Working through its parent company, Cooke Inc, it has made a non-binding offer for the Tasmania-based salmon producer, the Tassal Group, which has been rejected. The offer, for 100% of Tassal shares, is estimated to be worth around…
Read MorePTG sets up shop in Scotland
Norway-based refrigeration specialist PTG is setting up a UK arm to serve the seafood industry. The company has appointed Julian Ramsey as General Manager for the new company, PTG UK. PTG’s main markets in Scotland will be in the marine and industrial sectors, with solutions including RSW (refrigerated sea water) systems for ships, heat pumps,…
Read MoreNew advisory body for Scottish aquaculture meets today
The Scottish Government will today take another step towards reforming aquaculture regulation, with the inaugural meeting of a new strategic advisory group for the sector. The Scottish Aquaculture Council, which meets for the first time today, brings together senior representatives from key organisations with interests in the industry and its environmental and community impacts. The…
Read MoreThistle Seafoods buys Dawnfresh’s Uddingston plant
Thistle Seafoods has agreed a deal to acquire the Dawnfresh fish processing facility at Uddingston, near Glasgow as a going concern. In September 2021 Dawnfresh announced plans to close the Uddingston plant and consolidate processing in its Arbroath site on the east coast of Scotland, but in February this year the company was placed into…
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