Archive for November 2022
Atlantic Sapphire reports good biological performance
Miami-based salmon farming company Atlantic Sapphire has reported an improved performance for the third quarter period this year. The land-based producer delivered a harvest volume of around 1,095 tonnes with particularly good biomass growth during July and August. Atlantic Sapphire now has a standing biomass of 4,200 tonnes and says it should achieve full production…
Read MoreCooke hits back at Washington State’s licence decision
Cooke Aquaculture says the decision by the Washington Department of Natural Resources not to renew the company’s steelhead trout farming licences is out of line with both science and judicial precedent. Earlier this week Hilary Franz, Commissioner of Public Lands for Washington State announced that licences for the last two finfish farm sites in the…
Read MoreSalmon Evolution starts first harvest
Land-based fish farmer Salmon Evolution says the harvest of its first commercially produced batch is going well, with 30,000 fish harvested at an average weight of around 4.7kg. Harvesting for the company’s first batch, at its hybrid flow-through facility in Indre Harøy, Norway, began in early November. It was carried out by Salmon Evolution’s processing…
Read MoreFinance minister questions need for processing redundancies
Norway’s Finance Minister Trygve Vedum has questioned why redundancy notices are being sent to hundreds of salmon processing workers, when his proposed ground rent tax does not apply to that part of the industry. In an interview with the new agency NTB he said: “It is important to state that the government has not proposed a…
Read MoreIce Fish Farm reports profits up fivefold
Icelandic salmon farmer Ice Fish Farm has posted a third quarter operating profit of NOK 54 million (£4.5m), well up on Q3 a year ago when the company’s profit was just NOK 10m (£850,000). Turnover in the July-September period was NOK 178m (£15m), more than double the NOK 64m (£5.4m) total 12 months earlier. The…
Read MoreHelp from the Government
There is no shortage of challenges when it comes to trying to make a successful business in the current climate, so it is important to be aware of potential sources of help and support. Established and time-served traditional operating working models may no longer have been sufficient to navigate changes in regulations, workforce and operation…
Read MoreCooke’s Washington State licences will not be renewed, officials say
Net-pen aquaculture in Washington State has been effectively ended, with a decision by the state’s Department of Natural Resources not to renew steelhead trout farming licences for Cooke Aquaculture. In a statement announcing the decision, Commissioner of Public Lands Hilary Franz said: “Today, we are returning our waters to wild fish and natural habitat. Today,…
Read MoreBioMar sees volumes down, revenue up for Q3
Rising prices in the aquafeed market helped international feed supplier BioMar achieve a 41% increase in revenue for the third quarter of 2022, despite lower sales volumes year on year. Earnings also recovered significantly compared to Q3 2021, up by 45%. The Denmark-based company is now raising its expected earnings guidance for the full year…
Read MoreMåsøval falters in Q3, Gigante construction continues
Two more Norwegian salmon producers, Måsøval and newcomer Gigante Salmon, have announced their figures for the third quarter of 2022. Måsøval saw its operating profit halved to NOK 61.9m (£5.25m) compared to NOK 120.6m (£10.2m) reported in Q3 last year. Turnover ended at NOK 377.6m (£32m), against NOK 483.1m (£41m) 12 months ago. The company…
Read MoreLerøy reports 44% rise in operating profits for Q3
The Lerøy Seafood Group, which issued 339 redundancy notices last week, today announced a 44% increase in third quarter operating profits to NOK 831m (£70m). The figure for operating profits before fair value adjustment compares with NOK 579m (£49m) on the same period last year, an increase of 44% year on year. This represents the…
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