Posts by Vince McDonagh
Atlantic Sapphire positive after higher harvest numbers
There was much brighter news from the Florida based salmon company Atlantic Sapphire yesterday, as it reported a large increase in its first quarter harvest. The company, which has had more than its share of problem including a falling share price last year, reported a 20214 first quarter harvest of 1.15 million tonnes (heads on…
Read MoreSalMar warns of lower price achievement
SalMar, the world’s second largest Atlantic salmon farmer, has announced an increased 2024 first quarter harvest – but it says biological challenges have hit average weight and quality. The group harvested 52,900 tonnes during the January to March period against 49,800 tonnes in the same period last year. It also said that the influences of…
Read MoreFish farming has revived a once depressed region, industry body says
Salmon farming is bringing new prosperity to regions of Iceland that were in decline, says the country’s seafood industry organisation SFS – adding that criticism of the foreigners it has attracted to the country is unwarranted. SFS says opponents of aquaculture have tried many things to attack the industry. “We never really know where the…
Read MoreAquaculture and fishing must live with criticism, says seafood chief
Both the aquaculture and fishing industries must learn to accept increased scrutiny, the Chairman of the employer organisation Seafood Norway has said. Gunnar Haagensen told the organisation’s annual meeting: “We have to learn to live with that. Challenges must be met, problems solved.” Haagensen pointed out: “Over the past six months or so, the seafood…
Read MoreSalmon price hits record level
Norwegian fresh salmon prices hit a new record high last week despite an increase in overall supply. According to Statistics Norway, they soared to NOK 120.04 or almost £9 per kilo, but this was an average figure and the price for larger five to six kilo fish was around NOK 130 (£9.60). Prices have been…
Read MoreChilean police seize stolen salmon and make three arrests
Chilean police are reporting success against a gang of armed robbers who held up a large truck carrying frozen salmon fillets last month. The haul was worth at least half a million pounds sterling and is the latest in a series of “Jesse James style” armed attacks on high value salmon trucks over the past…
Read MoreProximar on track despite February tank incident
Proximar Seafood has reported that biomass at its new land based salmon farm in Japan has more than doubled during the first three months of 2024. At the end of March the Norwegian salmon company had a standing biomass of 111.9 metric tonnes at the farm, located at Oyama near Japan’s Mount Fuji, compared with…
Read MoreFjords, the Faroes and flying fish
For a small fish farming nation, this rocky archipelago punches above its weight, writes Robert Outram. Additional reporting: Vince McDonagh The Faroese Research establishment formerly known as Fiskaaling has a new name: Firum. To understand why, a brief lesson in the Faroese language is required. As Chief Executive Jóhanna Lava Køtlum explains, “fiskaaling” translates as…
Read MoreBrighter Q1 results from Grieg Seafood and Salmon Evolution
Two Norwegian salmon companies, Grieg Seafood and Salmon Evolution, have published encouraging 2024 first quarter trading updates. The Grieg output is up by more than 30% on a year ago and totals approximately 21,000 tonnes against 15,350 tonnes 12 months ago. The main reason for the improvement is that British Columbia is now back in…
Read MoreLatest Norcod share issue falls short
Norwegian cod farmer Norcod has fallen well short of attracting investment from a new share issue which closed late last week. The company had hoped to net around NOK 16 million (almost £1.2m) from its latest offering of 1,333,333 new shares at a subscription price of NOK 12 per share. The subscription period for the…
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