Posts by Vince McDonagh
EU offers Norwegian farmers £8.7m to study salmon sludge impact
A group of Norwegian salmon farmers have been offered a European Union grant of NOK 120 million (£8.7m) to take part in a project studying the impact of sludge on the environment.
Read MoreAKVA group upbeat as it unveils record Q2 revenues
The AKVA aquaculture technology services group delivered a record high quarterly revenue in Q2 of NOK 1,014 million (£73.4m). This represents an increase of 8% on a year ago.
Read MoreSalmon oil playing key role in Covid recovery, say researchers
A medicinal oil product derived from salmon trimmings could play a big part in helping patients to recover from Covid-19.
Hofseth BioCare a leader in science- led marine nutrition has announced compelling new findings from a recent study on the benefits of its enzymatically liberated salmon oil (OmeGo), in helping Covid-19 recovery.
Salmon Evolution reports profitable Q2
The Norwegian land based salmon farming company Salmon Evolution has chalked up another profitable quarter. It reported Q2 (April to June) revenues of NOK 170.5m (£12.3m) and a group EBITDA or operating profit of NOK 45.4m (£3.2m).
Read MoreNova Austral bankruptcy threat finally lifted
The troubled Chilean salmon farmer Nova Austral appears to have been given the go-ahead to continue with its re-organisation.
Read MoreItalians so hungry for salmon, says Seafood Council
Italy has now grown to become Norway’s third largest market for salmon, says the Norwegian Seafood Council.
Read MoreEx-Mowi chief joins Smir Group
Alf-Helge Aarskog, a former CEO of global salmon giant Mowi, has joined the board of Smir Group. Smir specialises in sea lice treatment, waterborne feeding and cage systems. Aarskog has extensive experience in the seafood industry. He was CEO at Lerøy Seafood Group, another major Norwegian salmon producer, before taking charge at Mowi for around a decade.
Read MoreCoast Seafood marks 30th anniversary with 30% revenue rise
Norway’s Coast Seafood has reported a 30% increase in revenue for last year, but interest rate rises meant pre-tax profits fell. Coast purchased the fresh and frozen business Danish Vega Salmon in January 2023 which has an annual production turnover of around 25,000 tonnes of salmon and this acquisition was the main reason for the surge in turnover.
Read MoreArnarlax founder to head Grieg’s new Oslo processing plant
The former Chief Executive and Co-founder of the Icelandic salmon company Arnarlax has been appointed manager of Grieg Seafood’s new processing plant at Gardermoen, near Oslo.
Kristian B. Matthiasson brings a wealth of experience to the new role, said the company.
Read MoreLerøy Midt told to take new action after fish escapes
The Norwegian Directorate of Fisheries has ordered the company Lerøy Midt Sjø AS to monitor and remove farmed salmon from waterways, following escape incidents at Hitra and in the Tingvollfjord earlier this year. A total of 21 watercourses in Trøndelag and eight in Møre og Romsdal are covered by the orders.
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