Posts by andrewbalahura
Lab mistake leads to mass salmon slaughter
A WRONG diagnosis by Norway’s Veterinary Authority has led to the unnecessary slaughter of thousands of salmon at a fish farm near Trondheim, it has been revealed. Early last month a team from the authority thought it detected a form of pancreatic disease known as PD virus at a Måsøval owned farm at the community…
Read MoreMowi reports major Q2 progress in Scotland
AS Mowi today announced its ‘best ever’ second quarter results, the world’s largest salmon farmer also reported major progress at its Scottish operations in both harvest output and earnings. Globally, Mowi achieved an operational EBIT of 211 million euros, compared with €175 million for the same quarter last year, but Scotland contributed almost a fifth…
Read MoreAlgae outbreak hits Lerøy Q2 results
THE Lerøy Seafood Group, co-owners of Scottish Sea Farms, today announced higher earnings, but lower profits for the 2019 second quarter period . Revenues were up six per cent and totalled NOK 5,340 million, compared to NOK 5,042 million for the same period in 2018. Operating profit (EBIT) before fair value adjustment related to biological assets came out at NOK 774 million,…
Read MoreGrieg hints at sale of Skye farms
The Grieg Seafood Group may sell its five fish farms on Skye, the company indicated in a surprise statement today. Announcing a review with its second quarter results, CEO Andreas Kvame said: ‘While we still have some challenges related to gill disease and algae in Shetland, the biological condition is improving. ‘We continue to work systematically…
Read MoreBakkafrost reports sea lice fight success
THE Bakkafrost group disclosed today that its policy of using non-medical methods was achieving considerable success in the fight against sea lice. As the Faroese salmon farmer unveiled its second quarter results for 2019, chief executive Regin Jacobsen told investors that there were clear indications that its large smolt strategy, together with the use of…
Read MoreLoch Fyne chain sold to Hong Kong
THE Greene King pub and brewing company, which owns the Loch Fyne seafood restaurant chain, has been sold to a Hong Kong based conglomerate in a deal worth a total of £4.6 billion. CK Asset Holdings, founded by Hong Kong\’s richest man, Li Ka-shing, will pay £2.7 billion for the 220-year-old business and take on its…
Read MoreSalmon companies a safe bet, troubled investors told
INVESTORS are being urged to turn to salmon companies as a safe haven amid the current global stock market turmoil. Shares around the world slumped last week over concerns about a US-China trade war and fears of another major recession. However, the seafood index on the Oslo stock market has been bucking the trend, rising by…
Read MoreBenchmark Holdings founder to step down
MALCOLM Pye, the chief executive and founder of the Yorkshire aquaculture health, nutrition and genetics business Benchmark Holdings has announced he intends to step down from the post this autumn. However, he has said he plans to continue with the business as a non executive director. Pye has told the board that he taken the…
Read MoreBBC man is named as new SSPO chair
THE former head of news and current affairs at BBC Scotland has been appointed chairman of the Scottish Salmon Producers Organisation, it was announced today. Atholl Duncan replaces Gilpin Bradley, managing director of Wester Ross Fisheries, who who took on the role on a temporary basis two years ago. Duncan – who is currently the…
Read MoreSalmon production holds up despite algae tragedy
IT may have been the worst attack for almost 30 years, but the huge algae outbreak in the north of Norway earlier this month has not seriously dented the country’s overall salmon and trout production. An update from Seafood Norway, the industry employers\’ organisation, said that while individual companies, particularly those in Nordland and Troms,…
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