Archive for November 2022
Scottish Pavilion confirmed for Aqua Nor 2023
Producers and suppliers from Scotland will be represented next year with a dedicated pavilion at Aqua Nor, the largest trade show for aquaculture, for the first time since 2017. Aqua Nor, a major expo and conference, will be taking place in Trondheim, Norway over 22-24 August next year. The “Team Scotland” presence is being co-ordinated…
Read MoreSecond company announces ‘salmon tax’ job losses
Yet another Norwegian salmon company is reported to be laying off a large number of staff, laying the blame on the Oslo government’s ground rent tax proposal. Romsdal Processing has said it plans to shed 94 jobs from 1 January. The announcement came just a few hours after the Lerøy Seafood Group said it was making 339…
Read MoreSalMar delivers bumper Q3 results
SalMar today announced a strong third quarter performance with an operational EBIT or profit of NOK 1.313 billion (£110m), resulting in an operational EBIT per kg of NOK 24.51. This compares with an operational EBIT of NOK 748m (£63m) in Q3 last year. The figure also included a substantial increase in income from Scottish Sea…
Read MoreWhat are R and D tax credits?
Research and Development (R&D) tax relief is awarded to businesses that invest in innovation. This innovation can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works. Claims submitted under the R&D regimes stem from activity undertaken where the aim has been to achieve…
Read MoreLerøy lays off 339 staff, blaming salmon tax
Lerøy Seafood Group is to shed more than 300 processing staff in Norway, placing the blame on the country’s proposed ground rent tax. Redundancy notices have been sent out to 339 employees at four of the group’s processing operations. A company statement said: “This is primarily an absolutely terrible situation for our skilled employees who…
Read MoreEarly warning system for climate change threats
A framework has been developed for an early warning system to help fish farmers detect potentially harmful organisms in Scotland’s coastal waters. Researchers at the Scottish Association for Marine Science (SAMS), Marine Scotland Science (MSS) and Scotland’s Rural College (SRUC) have shared their own water sampling experience with the country’s trout and salmon producers as…
Read MoreOTAQ makes debut on London’s AQSE exchange
Marine technology business OTAQ has started its first day of trading on the AQSE Growth Market of the AQSE Stock Exchange. OTAQ, which was previously listed on the London Stock Exchange, announced last month it would be switching to the Access Segment of AQSE, a primary and secondary market for equities and debt securities for…
Read MoreAller Aqua site suffers major salmon escape
Norway’s Fisheries Directorate is investigating one of the biggest salmon escapes in the country for some time. At least 35,000 fish broke free from a facility run by the Danish feed company Aller Aqua near Vadheim, in the west of Norway. According to the regional broadcaster NRK Vestland, the incident was discovered on 29 October while…
Read MoreTroublesome year for Mowi Scotland despite group Q3 record
Mowi today announced a record-breaking third quarter with best yet revenues of 1.257 billion euros (£1.058bn) – an increase of €223m (£196m) on the same period last year. In Scotland however, while there were improvements the company’s Scottish arm has experienced a “troublesome year” with biological issues continuing to create problems. Mowi’s global operational profit…
Read MoreAquaBounty reports revenue up 44% for Q3
Land-based salmon farmer AquaBounty saw revenue up 44% year on year for the third quarter of this year, to US $653,000 (£563,000). The company has yet to turn a profit although, at $5.4m for Q3 (£4.7m) compared with a loss of $6.9m (£6m) for the same period in 2021, it is heading in the right…
Read More