Posts by Robert Outram
Mowi cuts investment worth NOK 5 billion
Mowi has dramatically cut back on investment worth at least NOK 5bn (£367m), citing the new “salmon tax” which was approved by the Norwegian parliament last week. The company broke the news to the newspaper and media outlet vg.no, saying it planned to call a halt to significant investment in its post-smolt strategy in Norway.…
Read MoreRising costs halt construction of AquaBounty’s Ohio plant
Land based salmon farmer AquaBounty Technologies has “paused” work on its planned facility in Ohio, citing cost inflation. The US company has not specified when work will resume, and has left open the question of whether the project might go ahead at a smaller scale. AquaBounty is the first company to produce genetically-modified (GM) salmon…
Read MoreGoldman buys wellboat business Frøy for £482m
International investment group Goldman Sachs Asset Management has bought the wellboat and aquaculture support business Frøy, it was announced today. The news ends months of speculation about this highly successful business, which was part of the NTS group acquired by the salmon farming giant SalMar last year. However, Frøy did not fit with SalMar’s core…
Read MoreWeak krone still boosting Norway’s seafood exports
A further decline in the value of the krone was the major contributor to another increase in the value of the country’s seafood exports in May, it emerged today. The total for last month, according to the Norwegian Seafood Council, was NOK 13.1bn (almost £1bn), a rise of 7% or NOK 816m (£60m) on May…
Read MoreASC doubles number of certified farm sites in UK
The Aquaculture Stewardship Council has logged record growth in ASC certification in the UK, with the number of certified farm sites doubling since February 2022. Forty farm sites are now ASC certified in the UK, including finfish and shellfish producers. A further 18 farms are in initial audit stage with a view to being certified…
Read MoreMowi unveils plans for Dawnfresh Loch Etive sites
Salmon farmer Mowi is consulting with the local community on plans to switch the former Dawnfresh trout farm sites on Loch Etive to growing post-smolt salmon. Mowi acquired Dawnfresh Farming Ltd in February this year, after Dawnfresh was placed into the hands of administrators in 2022. The Dawnfresh farming operations include three hatcheries, three freshwater…
Read MoreLarge Iceland RAS project takes another step
Iceland’s national planning agency has given a further go ahead for the fish farming company GeoSalmo’s plan to build a new RAS salmon farm in the south west of the country. The GeoSalmo project aims to use a hybrid system incorporating RAS (recirculating aquaculture system) and flow-through technology. The facility will initially produce around 7,500 tonnes,…
Read MoreSEPA unveils ‘risk map’ for sea lice control measures
The Scottish Environment Protection Agency (SEPA) has published more information on the zones where it believes sea lice pose the highest risk to migrating wild Atlantic salmon. SEPA is consulting on the latest stage of its sea lice control measures, setting out a network of wild salmon protection zones in migration bottlenecks in coastal waters…
Read MoreSalMar warns tax will damage investment
Salmon producer SalMar warned today that Norway’s new ground rent tax will have a distorting effect on the industry. After a five hour debate, the Norwegian Parliament yesterday approved the tax at a 25% rate. The measure passed with a larger than expected majority of 17, thanks to a late intervention by the Red Party.…
Read MoreBREAKING NEWS: Norwegian government wins salmon tax vote
The Norwegian Parliament voted this afternoon in favour of the government’s controversial new “ground rent” tax, which will be levied on much of the country’s salmon industry. The decision on the new tax – also known as the “salmon tax” – came after a lengthy and often fractious five hour debate in the Storting. The…
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