Archive for August 2022
Bakkafrost sees higher profits – and progress in Scotland
Bakkafrost today reported improvements in its troubled Scottish operations, as it announced an increased second quarter operating EBIT (operating profit) of 587 million Danish kroner (£66.7m). This compared with DKK 407m (£46m) over the same period a year ago. The Faroese farming segment produced an operational EBIT of DKK 617m (£70m) while the Scottish farming…
Read MoreGrieg announces best quarter yet
Grieg Seafood has reported its best quarter to date with an operating EBIT or operating profit of NOK 986 million (about £85m). This compares with just NOK 44m (£3.8m) for the same period last year. The performance was driven by exceptionally high salmon prices which were a major feature during the April to June period,…
Read MoreKeeping oils fresh
Oxivia™ N series by Kemin AquaScience™ is an innovative solution for the aquaculture industry, with natural liquid and dry antioxidants. Its unique formulation includes a synergistic blend of natural active ingredients, like specially selected tocopherol and rosemary extract, to offer complete protection against autoxidation. Fishmeal, fish oils and other meals and oils are among the…
Read MoreSalmon prices continue to fall
Fresh salmon prices are falling back to levels close to those last seen at the start of the year. Figures from Statistics Norway, which monitors trends on a regular basis, show they dropped by almost 2% in week 32 to NOK 73.83 per kilo (£6.38). Market intelligence suggests this downward trend is continuing despite sales…
Read MoreStudy to assess hemp seeds as aquafeed
Researchers in the UK are looking into hemp – otherwise known as the cannabis plant – as a potential source of protein in aquafeed. Salmon lovers hoping that this might add an extra mood-altering kick to their favourite fish are set for disappointment, however. Rare Earth Global, growers of industrial hemp for a range of…
Read MoreLandeldi picks Kristófersson as CEO
Land-based salmon farmer Landeldi has appointed Eggert Þór Kristófersson as the company’s Chief Executive Officer. The Iceland-based business operates a farm and hatchery in the country’s Ölfus region, with the main farm in Þorlákshöfn. Biomass production is estimated reach around 500 tons at the end of 2022. The Deep Atlantic growout station currently houses 450…
Read MoreSalmon prices hit first half results for Iceland Seafood
Iceland Seafood (ISI), the pan-European salmon and general seafood company, has announced a half-year net loss of €2.9m (£2.5m), compared to a net profit of €3.4m (£2.9m) for H1 last year. The company has pinpointed soaring fish prices, particularly relating to salmon for the change in its financial performance. The Reykjavik-based company went into salmon…
Read MoreWellFish hires Mitchell for development role
Fish health specialist WellFish Diagnostics has recruited Chris Mitchell to the new role of Business Development Manager. He was formerly National Sales Manager with the Fish Vet Group, part of Pharmaq. Mitchell, who took up the new post in early August, said: “This is a fantastic opportunity for me to join a young, dynamic and…
Read MoreSalmon Evolution ‘delighted’ with fish quality after test harvest
Land-based fish farmer Salmon Evolution has successfully carried out its initial test slaughter and says it is well on its way to the company’s first commercial harvest before the end of the year. Presenting its second quarter update, the company said the fish is of good fillet quality, firm meat texture and excellent taste. Following…
Read MoreNorcod still not in profit despite increased revenues
Norcod is finding that profits remain elusive despite improving revenues, according to its second quarter results published this week. Turnover for the Norwegian cod farmer emerged at NOK 28m, (£2.3m) up from NOK 2.4m (£200k) a year earlier. However, the loss before tax ended at NOK 49m (£4.1m), compared to a pre-tax loss of NOK…
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