Posts by Robert Outram
Faroese parliament approves new salmon tax regime
Salmon farmers in the Faroe Islands are facing sizeable increases in their tax bill, it emerged yesterday. The Faroes’ largest fish farmer, Bakkafrost, has revealed that the Faroese parliament has finally approved a new law which will see some rates double at the top end. Details of the scheme became public earlier this year. Bakkafrost…
Read MoreGarware announces hires in Norway, Chile and Spain
Net specialist Garware Technical Fibres has appointed three executives to support the management of its Norwegian, Chilean and southern European markets. Olav Kolbjørn Øvereng joins the Garware Technical Fibres team in Norway as a Technical Advisor, while Ramkhrisna Borse joins the Chilean team as Technical Manager and Eduardo Wolff has been appointed as a sales…
Read MoreUK’s Aquanetix relocating to Greece
UK-based aquaculture software business Aquanetix is moving to Greece, following its acquisition by Innovasea. The cloud-based farm management software developed by Aquanetix is in use at more than 200 farms in 31 countries, helping to grow more than 30 species of fish and shrimp. The US-based aquaculture tech group Innovasea announced yesterday that it had…
Read MoreSalMar poised to sell wellboat business
SalMar has signalled it is likely to sell its aquaculture support and wellboat supply subsidiary Frøy. It acquired a significant stake in the business as part of the takeover of the NTS group, which also included Norway Royal Salmon and SalmoNor last year. SalMar also said it was also shelving all of its major new…
Read MoreOslo set to press ahead with tax plan
The Norwegian government is continuing to hold talks with just two smaller political groups on the salmon tax issue, after four main opposition parties walked out two days ago. Millions of krone were wiped off the value of salmon company shares on Tuesday. With the country enjoying two consecutive public holidays (Constitution Day and Ascension)…
Read MoreQ1 unsatisfactory despite higher profits, says Lerøy chief
Despite delivering higher profits during the first quarter of 2023, Lerøy CEO Henning Beltestad believes the results should have been better. He said: “We are not satisfied with the results in Aquaculture in the first quarter, but we have implemented a number of measures in which we have great confidence. The combined fish farming, trawling and…
Read MoreNorway tax plan in tatters as four parties walk out
Attempts to get a broad political settlement on the Norwegian Government’s salmon tax plan have all but collapsed, despite an offer to drop the base rate to 30% Most of the main opposition parties have withdrawn from talks leaving the Labour-Centre party coalition plan up in the air. Only the Socialist Left (SV) and Red…
Read MoreCooke wins platinum award 18 times over
Cooke Aquaculture has once again picked up a platinum honour at the “Canada’s Best Managed Companies” awards event. The aquaculture division is part of the wider Cooke Seafood group and includes extensive salmon farming interests in Orkney and Shetland. It is the 18th consecutive time that Cooke has collected this award. CEO Glenn Cooke said: “We…
Read MoreLow prices hold back cod farmer’s revenue
Norwegian cod farmer Statt Torsk has reported a small first quarter loss despite a big rise in revenue. The company is blaming poor price returns with CEO Gustave Brun-Lie stating: “There are many reasons for this, but the fact is that we have not yet achieved our goal to differentiate our product from the other white fish…
Read MoreSeagriculture EU to focus on seaweed opportunities
Seagriculture EU 2023, the leading conference for the seaweed industry, will be taking place from 21-22 June 2023 in Trondheim, Norway. This two-day event will explore the vast potential of seaweed in various applications such as feed, food, offshore cultivation, investment and business aspects, as well as biorefinery of seaweed and much more. The two-day…
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