Posts by Jenny Hjul
Bakkafrost in bid for all SSC shares
BAKKAFROST has moved to purchase the entire share capital of the Scottish Salmon Company. The bid is not entirely unexpected as Bakkafrost CEO Regin Jacobsen suggested as much in September, when the sale to the Faroese salmon farmer was first announced. But it has probably come sooner than expected. Initially, Bakkafrost purchased 68.6 per cent…
Read MoreGrieg Shetland survival rates on the rise
GRIEG Seafood yesterday reported that survival rates are increasing at its Shetland operation where it has been experiencing ongoing biological problems. The announcement was made as the world’s seventh largest fish farmer presented its 2019 third quarter results, which delivered solid earnings on the back of a strong performance from Norway. In August, Grieg suggested…
Read MoreNorway aquaculture tax plans ‘destructive’
THE head of Seafood Norway has described the new tax plans for the country’s fish farming industry as potentially destructive. Geir Ove Ystmark, CEO of the organisation which represents most aquaculture and fishing companies (not be confused with the Norwegian Seafood Council), said the proposal for a 40 per cent tax on profits was ‘far…
Read MoreBakkafrost delivers strong Q3 results
FAROESE fish farmer Bakkafrost today announced strong third quarter results and some of the lowest mortality rates for many years. Harvested volumes rose by more than 5,000 tonnes to a total of 12,900 tonnes and the combined farming and VAP (value added products) segment saw its operational profit or EBIT rise from DKK 142.4 million…
Read MoreAquaculture awards 2020 officially open
NOMINATIONS opened today for the 2020 Aquaculture Awards, which will be held during the biennial Aquaculture UK exhibition in Aviemore in May. The awards are open to entrants from across the world, with a deadline for applications of March 9, 2020. There are 14 categories, with a few changes since the last awards, which were…
Read MoreDon’t miss out – Lantra deadline looming!
THE closing date for nominations to Lantra Scotland’s 2020 Awards for Land-based and Aquaculture Skills (ALBAS) is fast approaching. Rural employers, colleges and schools are being asked to put forward their top learners, before the deadline on Friday, November 15. An independent panel of judges will then shortlist the finalists, with winners announced at a…
Read MoreNorway salmon firms face 40 per cent tax hit
NORWAY’S fish farming companies face the unpalatable prospect of a new 40 per cent basic tax rate on their profits. That is the main majority recommendation from the special committee chaired by economics professor Karen Helene Ulltveit-Moe as she presented her plans this morning. The decision of the committee, which was set up last year…
Read MoreOyster farm set up on Humber
AQUACULTURE has come to the Humber, once home to Britain’s largest deep sea fishing fleet, in the shape of a new oyster farm. More than 10,000 oysters from a Scottish sea loch are being relocated to mudflats near Spurn Point on the estuary. However, it is likely to be a long time before there is…
Read MoreNesse new Akva boss as CEO resigns
THE CEO of aquaculture equipment supplier Akva is to stand down, with effect from today, the Norwegian headquartered company announced. Hallvard Muri, who took up the post in November 2016, has resigned. He will be replaced by an interim leader, Knut Nesse, current chair of the Akva board and until last year CEO of feed…
Read MoreSalmon farmer helps fund college crafts
A SALMON farmer’s community fund has bought new woodwork equipment for a college in the Western Isles. The Scottish Salmon Company (SSC) has supported Macaulay College in Lewis, which offers a programme of activities to those with additional social and educational requirements. The SSC Community Fund was established in 2017 as part of the company’s…
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