Posts by Vince McDonagh
Off-flavour problem forces Nordic Aqua to raise more capital
Salmon farmer Nordic Aqua Partners is set to raise around NOK 250 million (£18m), to see it through a “geosmin” issue at its production facility in China.
Read MoreAtlantic Sapphire seeking more cash
The Florida-based salmon farming company Atlantic Sapphire is seeking more cash – up to US $80m (£61m) in new equity and convertible loans.
Read MoreUncertainty clouds Norwegian presence in British Columbia
A high profile salmon company is facing a difficult future following the publication of its latest results in the past couple of days. That business is the Grieg Seafood Company which saw its share price drop sharply in Oslo yesterday.
Of all the big Norwegian salmon farmers, Grieg has so far produced the most disappointing Q2 results.
Q2 loss for Grieg as fish health issues hit
GRIEG Seafood reported a disappointing second quarter today, with an operational loss and lower salmon harvests. The harvest volume was down by over 7,000 tonnes to 15,272 tonnes during the April to June period.
Read MoreLerøy positive despite lower Q2 operational profit
The Lerøy Seafood Group, part owners of Scottish Sea Farms, produced a second quarter operational profit of NOK 906m (£66m), NOK 44m (£3.2m) lower than a year ago. However, the company said there had been good biological improvements during the period, with promising results from shielding technology.
Read MoreMowi Scotland reports strong Q2 and better biology
Mowi Scotland produced another strong quarter between April and June this year, with news that some of the issues that have dogged the business in the recent past are now becoming less of a problem. The division produced revenues of 43.6m euros (£37m) against €41.8m (£35.7m) a year ago.
Read MoreSalMar Q2 profit down as winter issues continue to impact
Salmar, the world’s second largest producer of Atlantic salmon, unveiled an operational EBIT or profit of NOK 1.4 billion (just over £100m) during the April to June period this year, down from NOK 1.7 billion (£120m) a year earlier.
Read MoreScottish Sea Farms bounces back into profit and almost doubles harvest
Scottish Sea Farms has more than doubled its revenue and turned loss into profit during the second quarter of this year.
Read MoreLarge salmon escape reported in western Ireland
Authorities are investigating the escape of a large number of salmon from a farm on the west coast of Ireland.
Read MoreNorway seeks to cut dependency on imported feed
The Norwegian government is looking to reduce the proportion of farmed fish feed produced outside the country. It has appointed a special steering committee to look into the sources of aquafeed.
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