Archive for November 2022
Måsøval shelves semi submersible project
Fish farming company Måsøval has decided to postpone the start of its high profile Aqua Semi project due to the government’s proposed ground rent tax on aquaculture. The announcement came in a statement to the Oslo Stock Exchange. Aqua Semi (pictured) is a semi-submersible, semi-enclosed salmon production unit built in steel. The unit has tight…
Read MoreCarolina Peñaloza joins Benchmark as Senior Scientist
Aquaculture biotech business Benchmark Genetics has appointed Dr Carolina Peñaloza as Senior Scientist in the company’s new Molecular Genetics program in Edinburgh. Dr Peñaloza joins Benchmark from The Roslin Institute, where she has more than 10 years’ experience in developing and applying genomic tools for aquaculture species. She will lead the development of a new…
Read MoreAker Biomarine reports higher Q3 sales
Krill harvesting company Aker Biomarine has announced higher sales and operating profits for Q3 this year. Sales for the three months to 30 September totalled US $67.9m (£60m), up from 61.9m (£54.8m) in Q3 last year. The adjusted EBITDA ended at $18.8m (£16.6m), compared to $14.7m (£13m) 12 months ago while the operating profit emerged…
Read MoreNorway continues to smash seafood export records
Norway’s fishermen and fish farmers notched up another record last month as seafood exports hit NOK 15.4 billion (£1.29bn), the largest value ever for a single month. Once again, farmed salmon was the main driver. The total is 27% higher or NOK 3.3bn (£277m) higher than October last year and NOK 727m (£60.5m) up on…
Read MoreNorway’s salmon industry calls for revaluation of licences
Norway’s two main seafood employer organisations have approached the government, calling for a new valuation of farming licences for this year. Seafood Norway (Sjomat Norge) and Seafood Companies (Sjomatbedriftene) believe the current rules are unclear and have caused headaches for businesses and their auditors. They believe there is an obvious need to put in place…
Read MoreOhad Maiman steps down as Kingfish CEO
Ohad Maiman, the founder of the yellowtail fish farmer The Kingfish Company, has stepped down from his role as chief executive of the business. The surprise announcement comes just days after Kingfish announced a big rise in sales and successful completion of the final hurdle for its US farm project in Maine. In a letter…
Read MoreASC reports 20% increase in certified sites
The number of farm sites certified under the Aquaculture Stewardship Council (ASC) scheme grew by 20% last year, according to the ASC’s report 2021. In the organisation’s first ever annual report, ASC reveals that it now sets the standards for around 2,000 farm sites, covering 49 species. ASC-certified production now exceeds 2.5 million tonnes annually.…
Read MoreLoch Long farm proposal blocked by National Park Authority
Planning permission for an innovative semi-closed salmon farm at Loch Long, on Scotland’s west coast, has been refused. At a hearing last night the Loch Lomond & The Trossachs National Park Authority refused the application for a new fish farm at the foot of Beinn Reithe. The Authority’s Convenor, James Stuart, said: “This application is…
Read MoreSalMar wins EU approval for NTS/NRS deal
SalMar has received European Union approval for its plan to acquire its salmon farming rival NTS and the NTS subsidiary Norway Royal Salmon. The European Commission said it had decided that SalMar’s decision to buy a controlling stake in NTS ASA was in accordance with EU competition legislation and the same applied to the merger…
Read MoreMowi poised to take control of Arctic Fish
Mowi is set to take a majority stake in the Icelandic salmon breeder Arctic Fish. It is Mowi’s first significant move into aquaculture in Iceland. Mowi recently warned that the controversial Norwegian ground rent tax announcement last month might force the international salmon giant to invest more outside Norway. Mowi said it had been following…
Read More