Posts by Robert Outram
SalMar reports strong Q2, but SSF continues to disappoint
SalMar today reported a 2023 second quarter operational EBIT or profit of NOK 1,745 million (£130m) – around £55m higher than for same period last year. The world’s second largest Atlantic salmon farmer said Norway delivered the strongest performance with an EBIT of NOK 1,790m (£132m), adding that Scottish Sea Farms in which it owns…
Read MoreMulti X and Intership sign ‘super wellboat’ deal
Chilean salmon farmer Multi X is acquiring one of the world’s most advanced wellboats, following an agreement with the Norwegian company Intership. The two companies have entered into a long term agreement for a newbuild with a 4,000 cubic metre capacity, in a deal struck at the Aqua Nor trade show in Trondheim. The vessel…
Read MoreMowi to sue over salmon tax
Fish farming giant Mowi is to sue the Norwegian government over its decision to introduce a salmon ground rent tax, the company confirmed today. CEO Ivan Vindheim said today the company plans to file a case against the state through the Oslo District Court because it believes the tax to be discriminatory. Vindheim was one…
Read MoreMowi achieves record revenue for Q2
Mowi today recorded all-time high revenue of €1,365 million (£1,166m) in the second quarter of 2023, with its Scottish operating achieving improvements on a number of fronts. The earnings total compares with €1,232m (£1,053m) in the corresponding quarter of 2022. The operational profit was also strong at €300m (£256m) in the quarter. Mowi said the…
Read MoreLerøy reports a better Q2, but Scotland remains challenging
The Lerøy Seafood combined aquaculture and fishing group today reported higher 2023 second quarter revenues and profits. But the company is still experiencing serious problems at Scottish Sea Farms, in which it owns a half share. The company said the group record high revenues of NOK 7,668m (£568m) were driven by strong prices resulting from…
Read MoreBakkafrost’s Native Hebridean shortlisted for award – again
Bakkafrost Scotland’s Native Hebridean Smoked Scottish Salmon has once again been shortlisted in a major awards programme. The company is in the running in the Primary Producer category, in the Highlands & Islands Food & Drink Awards 2023. Last year, Native Hebridean Smoked Salmon won two awards – Product of the Year and Artisan Product…
Read MoreWild Fisheries Fund supports kelp programme
A series of Highland coastal kelp forests are among seven major environmental projects being supported by Scotland’s salmon farmers to help save iconic wild salmon and sea trout. More than £118,000 has been granted to organisations this year through Salmon Scotland’s Wild Fisheries Fund to address long-term species decline. The fund is part of a…
Read MoreBakkafrost on track, but Scotland mortalities increasing again
The Bakkafrost Group today unveiled a second quarter operating EBIT or profit of 353 million Danish kroner (£40.5m), exactly as predicted when it issued a profit warning a few weeks ago. This compares with an EBIT of DKK 587m (£67m) over the same period last year. Bakkafrost shares fell by 7% on the Oslo Stock…
Read MoreSkaginn 3x closes one Iceland base with loss of 27 jobs
The Icelandic seafood technology company Skaginn 3x is closing its base in the important fishing and fish farming town Isafjord with the loss of 27 jobs. CEO Sigstein Gretarsson said things had become very difficult over the past few months with unrest in the markets following Covid and the outbreak of war in the Ukraine.…
Read MoreChile salmon giant reports large revenue fall
Salmones Camanchaca, one of Chile’s largest salmon farming companies, has reported a 35% drop in its second quarter operating revenues. Sales totalled US $63m (£49.5m) during the April to June period. The decline was mainly due to lower Atlantic salmon harvests. They were down by 48% to 6,423 tonnes due to a scheduled reduction in…
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