Posts by Robert Outram
SAIC announces funding for six more projects
The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5m, bringing the total number of research and development initiatives it has funded to 100. The six funded projects have secured more than £580,000 from SAIC, with additional support from businesses and organisations across the sector, including The…
Read MoreArctic Fish returns to profit for Q1
Icelandic salmon company Arctic Fish turned a loss into profit during the first three months of this year. Arctic Fish is now owned by the Norwegian giant Mowi. Previously, Norway Royal Salmon – which was part of the NTS Group, acquired last year by SalMar, held a controlling interest. Publishing results for the January to…
Read MoreKey Norwegian salmon tax vote delayed
Norway has postponed a decision on the so-called “salmon tax” after the main political parties once again failed to reach a consensus. Norway’s parliament, the Storting, was due to have produced its final recommendations for the salmon tax or ground rent tax, based around a new 35% levy on the larger coastal fish farms, tomorrow.…
Read MoreShowing some mussel
Producers’ collective Scottish Shellfish made their debut at Seafood Expo Global in Barcelona last month, and Nicki Holmyard was there to find out how it went. Read her article on page 28 of Fish Farmer’s May 2023 issue, available here to read online or download.
Read MoreBiological problems hit Grieg’s Q1 profits
Grieg Seafood has reported a first quarter drop in operating profits, mainly due to biological issues in Norway. The company produced an EBIT of NOK 385 million (£28.7m) against NOK 453m (£34m) a year ago. The harvest was down by around 1,500 tonnes to 15,357 tonnes but Grieg expects a much higher output of 21,300…
Read MoreAn opportunity and a warning
Salmon Scotland Chief Executive Tavish Scott argues that the sector’s contribution to the Scottish economy could be at risk unless the government is prepared to think again about its plans for Highly Protected Marine Areas. Read his article, starting on page 26, in the May issue of Fish Farmer magazine, available here to read online…
Read More‘$55bn needed’ to close seafood gap by 2050
Aquaculture needs massive capital investment and a willingness to embrace a new way of thinking, if the world is to avoid a massive shortfall in seafood production by 2050. That’s the warning from financial think tank Planet Tracker, which forecasts that the global demand for seafood is expected to reach 267 million tonnes by 2050,…
Read MoreASC ramps up Chain of Custody rules
The Aquaculture Stewardship Council’s new Chain of Custody (CoC) Module becomes effective and mandatory as from 30 May. The new rules, applying to all ASC-certified producers, include additional requirements to the existing Marine Stewardship Council (MSC) CoC certification. The ASC said the changes are intended to further strengthen the value and assurance of the ASC label. Food…
Read MoreSalmon tax could cost Mowi £50m this year, warns CEO
MOWI has said the Norwegian government’s new salmon tax will cost the business around £50m this year if there is no change to the proposal. The world’s largest producer of Atlantic salmon yesterday announced record first quarter profits of €322m (£280m) and is paying over a billion kroner (£740m) in dividends to shareholders. Mowi also…
Read MoreSalMar operational profits up 49% after acquisitions
SalMar, the world’s second largest producer of Atlantic salmon, today announced a first quarter operational profit (EBIT) of NOK 1,884 million (£140m), up by 49% year on year. SalMar’s Q1 EBIT for 2022 was 1,262 (£95m). The results reflect a year in which SalMar acquired the NTS group, owners of Norway Royal Salmon. The company…
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