Markets Archive

Loch Long Salmon has attracted another investor for its project to construct a semi-closed fish farm at Beinn Reithe on the west coast of Scotland. Golden Acre, a food distribution company with operations in Glasgow and Surrey, has agreed to invest an undisclosed sum. Golden Acre said its aim was to find sustainable, low-impact food…

  Salmon farming giant Mowi has announced global record high volumes for the first quarter of 2021, with Scotland’s improved biological performance leading to a doubling of production and a big increase in operating profit. Worldwide, Mowi harvested 125,000 tonnes of salmon and sold 62,000 tonnes of value added products while reducing farming costs by…

Global fish trading company Iceland Seafood International (ISI) has signed a letter of intent to acquire an 80% stake in the Spanish salmon processor Ahumados Dominguez. The move is the latest in a series of major acquisitions by this fast-expanding seafood business, which has extensive interests across the globe, including the UK where it now owns…

Grieg Seafood appears to have added another £15m to the sale price of its Shetland business. In its Q1 presentation paper last week, the business put the net book value of the division, as at 31 March, as NOK 1,635m. At today’s exchange rates, this would make the price – based on book value –…

The algal bloom attack which struck Chile in March cost Salmones Camanchaca, one of the country’s largest salmon farming companies, at least $12m (£8.52m). The company, publishing its 2021 first quarter results, also revealed that the loss in biomass was around 3,700 metric tonnes. Salmones Camanchaca SA is a vertically integrated salmon producer engaged in…

Aquaculture technology group Ace Aquatec has made two senior hires for its North America division, based in Canada. The North America division will be led by Ace Aquatec Regional Manager, Sam Bowman, who previously held senior management positions at two of the world’s largest salmon aquaculture producers, Mowi and Cermaq. He joins Dr Jenny Bouwsema…

NTS AS, the integrated Norwegian aquaculture group, came close to doubling its income during the first part of this year. Unveiling its 2021 first quarter results, operating revenues totalled NOK 636m (£55m), up from NOK 343m (£29.8m) 12 months ago – a rise of 85%. NTS said the higher revenues were the result of the…

Scottish Sea Farms generated higher revenues and turned loss into profit for the Norwegian salmon giant SalMar during the first quarter of this year, figures show today. SalMar, which announced outstanding group-wide Q1 results, shares ownership of Scottish Sea Farms (which it calls Norskott Havbruk) with Lerøy Seafood. It previously told Fish Farmer magazine (see report, May…

Grieg Seafood said today that the sale of its Shetland business is continuing and going to plan. The company made the disclosure as it unveiled its first quarter results, which came out lower than expected. However, it has not provided any further details regarding the sale. The company announced in November that it would dispose…