Posts by Vince McDonagh
Feed joint venture to spend £70m on ‘green’ vessels
Two ultra-modern vessels have been commissioned for the Norwegian feed transport company Fjordfrende, which is jointly owned by Skretting and Cargill. The boats are due to be delivered in 2026 and will have a hybrid diesel-electric propulsion system with a large battery pack, as well as engines that will be able to run exclusively on biodiesel.
Read MoreChilean judge declares Nova Austral bankrupt
A judge in Chile has declared the struggling salmon company Nova Austral to be bankrupt.
Read MoreLerøy beats expectations with Q1 numbers
Despite a series of challenges this winter, the Lerøy Seafood Group has announced better than expected 2024 first quarter results. Lerøy, which also owns one of Norway’s largest white fish trawler fleets, produced an operational EBIT or operational profit of NOK 842 million (£62m).
Read MoreGrieg Q1 profits hit by biological problems
Norwegian and Canadian salmon farmer Grieg Seafood has reported a near £7m drop in operating profits for 2023.
Read MoreFormer Cermaq Chile chief to head Atlantic Sapphire
The former head of Cermaq Chile, Pedro Courard, has been named as the next chief executive at land-based salmon farmer Atlantic Sapphire.
Read MoreJellyfish and hard winter hits SalMar Q1 profits
Norwegian salmon giant SalMar continued to be troubled by tough winter conditions and jellyfish attacks during the start of this year, the group’s first quarter results show.
Read MoreHuge improvement in Q1 performance for Scottish Sea Farms
Scottish Sea Farms achieved a tremendous turnaround in its fortunes during the first three months of this year, according to figures today from SalMar, one of its co-owners.
Read MoreBig rise in losses for troubled Chilean salmon company
The struggling Chilean salmon farmer Nova Austral saw its losses almost treble last year despite an increase in revenues.
Read MoreNew bid to suspend Arctic Fish licences rejected
The authorities in Iceland have rejected a new request to suspend the operating licences of Arctic Fish at two locations in the Westfjords.
Read MoreLerøy facing police probe over latest escape
The Lerøy Seafood Company is facing an official investigation following the escape of 14,000 salmon – some of which are believed to be infected with diseases- earlier this week.
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