Posts by Vince McDonagh
Gigante confirms new CEO in board shake up
Norwegian land-based salmon farmer Gigante Salmon has a new Chief Executive and has also managed to receive commitment of NOK 120 million (almost £9m) in funding, the company has announced. Gigante Salmon had problems earlier this year, reporting significant mortality with its second smolt batch. In a double Oslo Stock Exchange announcement today, the company…
Read MoreCan you fillet?
Norway’s ban on the export of ‘inferior’ quality salmon is being challenged by the countries who want to process it, reports Vince McDonagh Is Norway heading for a potentially damaging dispute with the European Union (EU) over the sale of production fish? Commonly known as prodfish, this term is mainly given to salmon that have…
Read MoreBluefront Equity launches new seafood fund
Seafood investor Bluefront Equity has launched its second investment fund by securing US $50m (£40.4m) for sustainable projects. Interest is thought to be very high, with the launch reported to be attracting considerable international attention both in Norway and elsewhere. Global impact investment firm Cambridge Associates is one of the lead investors in Bluefront Capital…
Read MoreMajor setback for US East Coast salmon farm plan
A plan for a large salmon farm on the US East Coast is hanging in the balance following a controversial decision by the local city council. Nordic Aquafarms has been trying for years to build the $500 million facility near the town of Belfast, Maine. It is also planning a large yellowtail farm in Humboldt…
Read MoreNordic Aqua Partners completes first commercial China harvest
Nordic Aqua Partners has announced the successful completion of its first commercial harvest of Atlantic salmon produced at its facility in Gaotang, eastern China. The company described the achievement as a major operational milestone for Nordic Aqua which would now be introducing the Nordic PureAtlantic brand to the growing Chinese market. Chief executive officer Ragnar…
Read MoreEU salmon processors increase prod-fish pressure
European Union salmon processors are demanding that Norway calls an end to the ban on exporting “prod” or damaged fish. The joint call, has come from the EU Salmon Processors Union which includes key countries such as Poland, Denmark and the Netherlands. The Norwegian authorities, and much of its salmon industry, is so far resisting…
Read MoreNorwegian salmon prices hit new record
Fresh salmon prices hit an all time record in Norway last week, although there are signs the surge could be over. They soared to NOK 123.28 per kilo during week 15, an increase of NOK 3.34 per kilo or 2.2% on the previous week. The official figures from Statistics Norway are generally an average so…
Read MoreMowi Scotland Q1 30% higher, but global output down
Mowi Scotland produced an encouragingly higher harvest during the first three months of this year, a trading update today shows. The output between January and March from the division, which has suffered from biological and other issues in the past, totalled 14,500 tonnes against 11,000 tonnes a year earlier – a rise of 3,500 tonnes…
Read MoreMaking sure every fish counts behind new partnership move
The aquaculture technology specialist company Ace Aquatec is leading a new partnership to improve salmon farming’s circular economy. Pictured: Ace Aquatec Head of Sales Ben Perry and Senior Field Services Manager Ian Lawson with the A-HCS®. The move involves collaboration between Ace Aquatec and start-up Tiny Fish and is advancing Scottish salmon’s circular economy by…
Read MoreOslo opens new salmon air route to China – via Kazakhstan
A new direct salmon air route between Norway and China has just been launched from Oslo. The interesting aspect is that the plane travels via the former Soviet republic of Kazakhstan, close to Russia, an area of the world avoided by western fish air carriers since the start of the Ukraine war. The first consignment…
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