Posts by Vince McDonagh
Grieg Q4 rocked by spiro, jellyfish and winter sores
Grieg Seafood is the latest Norwegian salmon farmer to report biological and jellyfish issues during the final quarter of 2023. The company, which was big in Scotland until three years ago, but now concentrates on Norway and Canada, recorded an operational (EBIT) loss of NOK 67 million (around £5m) against an operational profit of NOK…
Read MoreNordic Aqua on track for first Chinese harvest
Norwegian company Nordic Aqua Partners, which is developing a land based facility in China, has reported a good operational performance in the fourth quarter of last year with construction works for Stage One completed on time and on budget. The biological performance was good for all batches – with strong growth, a mortality rate below…
Read MoreArctic Fish hits 2023 record despite escape crisis
Iceland’s Arctic Fish produced an operational profit or EBIT of €3.2 million (£2.7m) in 2023, the first full year under Mowi ownership. This was in spite of serious escape issues during the summer which led to a backlash in Iceland against open pen salmon farming. The company said the financial biological performance improved somewhat after…
Read MoreNova Scotia premier opposes Cooke expansion plan
A potential dispute is looming between the aquaculture giant Cooke Seafood and the leader of the Nova Scotia regional government in Canada. Nova Scotia prime minister Tim Houston has come out against Cooke’s proposal to expand its salmon farm in Liverpool Bay through its Canadian aquaculture operation, trading as Kelly Cove Salmon Ltd. There has…
Read MoreFaroes shines for Bakkafrost as Scotland steadily improves
Bakkafrost’s Scottish business began to turn the corner during the final three months of 2023, the company reported today. After a difficult time with biological challenges between July and September Bakkafrost said “The fourth quarter gave opportunities with good biological development to grow the fish, resulting therefore in reduced harvest volumes, concentrating on growing into the…
Read MoreNordlaks set to resume shelved investment projects
Nordlaks, Norway’s largest privately owned salmon farmer, is resuming a major investment programme it cancelled following the announcement of the salmon tax 18 months ago. Plans for a new slaughterhouse, filleting department and offices at Børøya in Stokmarknes were among several aquaculture projects put on hold in the autumn of 2022 by the industry. Tomas…
Read MoreNova Sea buys into Torghatten Aqua
The large Norwegian salmon business Nova Sea has entered into a long term collaboration with another salmon company, Torghatten Aqua, with the aim of strengthening both companies. They say that the plan will contribute to continued sustainable growth and development in the Helgeland region. Torghatten Aqua AS, formerly known as Torgnes AS, is an investment…
Read MorePembrokeshire hosts aquaculture conference
The Welsh coastal county of Pembrokeshire is to stage its first aquaculture conference at the end of this month. The Pembrokeshire Aquaculture Conference will provide a forum in which to share knowledge, discuss innovation, and explore the latest trends in sustainable aquaculture practices. It will be hosted at the Bridge Innovation Centre, on Pembroke Dock,…
Read MoreNorcod revenues shoot up, but profits still some way off
Norcod, Norway’s largest cod farming company, produced a strong operational performance during the final quarter of 2023 with a 61% increase in revenues. The results for the whole of last year were also impressive, with earnings up by 58% to NOK 269m (£20m). The company earned NOK 83m (£6.2m) during the final quarter of 2023…
Read MoreScottish Sea Farms situation beginning to improve, SalMar reports
Scottish Sea Farms could be turning the corner with its biological problems, new figures suggest today. The business has still to get back into profit, however. SalMar, which jointly owns the business with the Leroy Seafood Company, says in its 2023 fourth quarter report that SSF (also known as Norskott Havbruk) showed an improvement from…
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