Archive for February 2023
SalMar delivers first results after NTS acquisition
SalMar today delivered its 2022 final quarter results with, for the first time, numbers that reflect its new position as the world’s second largest Atlantic salmon farmer, after acquiring the NTS group. As a result figures for Q4 inevitably show a big increase in harvest volumes, revenues and operating profits. And like co-owners Lerøy Seafoods yesterday, the…
Read MorePure Salmon signs giant Saudi RAS deal
In what is being heralded as one of the world’s largest fish farm projects, the aquaculture development company Pure Salmon has signed a £420m deal to build a huge RAS facility in Saudi Arabia. Agreement was reached this week between the Saudi government which is putting up around 1.9 billion Saudi riyals or NOK 5.2…
Read MoreExperimental farm brings salmon and kelp together
Salmon farmer Cermaq has teamed up with a specialist producer, Folla Alger AS, on an innovative farm site that combines salmon and kelp farming. The sea site is located in Steigen municipality, in the Nordland region of Norway. It is designed as a traditional salmon farming facility with 24 cages, but with special solutions for…
Read More8,000 tonne salmon farm planned for Brittany coast
Land-based salmon farming is moving into mainland France with a plan to build an 8,000 tonne facility in Brittany. The Norwegian company Smart Salmon says that with salmon so popular in France, the country is the right place to invest. This latest development (impression, pictured) follows the disclosure that a UK consortium is planning a 5,000…
Read MoreHigher costs and issues in Scotland dent Lerøy’s Q4 results
The combined fishing and fish farming group Lerøy Seafood today announced lower operating profits for the final quarter of 2022. However revenues for the period were up from NOK 6,519 million (£508m) in Q4 2021 to NOK 7,114m (£580m) this time. Rising costs meant the operating profit or EBIT for Q4 2022 was NOK 800m…
Read MoreBakkafrost trebles final quarter operating profit for 2022
Bakkafrost more than trebled its operating profit or EBIT during the final quarter of last year along with reporting continued progress in dealing with its biological issues in Scotland. The Faroe Islands fish farmer delivered a total EBIT of 376 million Danish kroner (almost £45m) against DKK 120m (£14m) in Q4 2021. But there were…
Read More160 companies confirmed so far for Aquafuture Spain
The organisers of AquaFuture Spain, which takes place over 28-30 March in Santiago de Compostela, have confirmed that 160 organisations from 24 countries will be represented as exhibitors at the event. This year sees the trade show’s second incarnation. At 12,000 square metres its exhibition space will be more than 10% larger than last year…
Read MoreBakkafrost Scotland extends WIIGA sponsorship for 25th anniversary
Bakkafrost Scotland has confirmed it is to continue sponsoring the Western Isles Island Games Association (WIIGA) as the squad prepares to travel to Guernsey for the 2023 NatWest International Island Games. WIIGA is celebrating its 25th anniversary this year. Run with the support of volunteers from across the sporting community, it works in partnership with…
Read MoreOfficial spotlight on Norcod after fish escapes
Norway’s Directorate of Fisheries has pointed the finger at Norcod over a cod escape incident in the Norland region. The Directorate said it had received the results of DNA tracing of escaped cod in Meløy, and had found there was a very large degree of genetic similarity between the escaped cod caught by fishermen and fish…
Read MoreFarmers set to fight latest Discovery Islands ban
Mowi has signalled it is ready to take legal action if the Canadian government goes ahead with its threat not to renew salmon farming licences around the Discovery Islands in British Columbia. Fisheries Minister Joyce Murray said last week that the licences held by larger companies in the region, also known as the Laich-kwil-tach and…
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