Posts Tagged ‘europe-nordics’
Gigante cuts production after fish losses
Norwegian land-based fish farming company Gigante Salmon has announced that it is reducing its production by around 300,000 fish — almost half of the stock released into its tanks last month. This is the second batch for the company at its newly completed site at Rødøy in northern Norway. Gigante revealed at the end of…
Read MoreMowi CEO hails record revenues for end of 2023
Mowi achieved all-time high revenues of €1.43bn (£1.28 bn) in the fourth quarter of 2023 – against €1.36bn (£1.16bn) in the corresponding quarter of 2022. The Q4 report said the period concluded another record-breaking year for Mowi. Mowi shareholders will receive a total dividend payout of NOK 983m (around £73.4m) – or NOK 1.90 per share. Revenues…
Read MoreSalmon Evolution breaks even in Norway, faces cost problems in Korea
Norwegian land-based fish farmer Salmon Evolution has reported that its farming operations broke even for the first time, during the final quarter of last year. Q3 earnings before interest and tax (EBITDA) for Farming Norway were recorded as NOK 43,000 (just over £3,000) compared with a loss of NOK 9.4m (£706,800) in the same period…
Read MoreNew jellyfish attacks leave scientists baffled
Jellyfish attacks were responsible for the deaths of at least three million salmon and trout last year, says the Norwegian Institute of Marine Research, and tackling the problem is perplexing marine scientists. It has already been reported that 62 million fish died from various causes in Norwegian fish farms in 2023 – six million more…
Read MoreNorway to launch new aquaculture environmental regime
Norway is changing the pollution rules around aquaculture, the government has announced, with a move away from individual discharge permits towards more standard regulations and conditions. The government believes the change will make the rules more equal for companies. New minimum requirements for environmental documentation are also being introduced for new site applications. Fisheries and Oceans…
Read MoreStorms push up salmon prices
Last week’s storms – the worst in Norway for many years – appear to have sharply pushed up salmon prices. The news was hardly surprising, with Storm Ingunn shutting down salmon farms in the north of Norway for several days. With roads closed and rail and sea transport at a standstill it was almost impossible to…
Read MoreFishing town facing new eruption threat
The Icelandic fishing and aquaculture port of Grindavik is facing more problems today following renewed volcanic activity in the area. Molten rock has erupted across the area causing further evacuation and the shutdown of any meaningful industry. Observers saw a further spectacular eruption on the Reykjanes Peninsula, spreading across a near two-mile wide fissure near…
Read MoreStorms leave a trail of fish escapes
Hundreds of salmon are thought to have escaped following Storm Ingunn which savaged the Norwegian coastline last week. Storm Ingunn, which saw northern Norway battered by hurricane-level winds, was one of the worst incidents of its kind for many years. It forced the salmon industry to batten down the hatches for several days. But the…
Read MoreNorway moves ahead on offshore farming development
The Norwegian government says it will be assessing the potential environmental impact of fish farming on the three pilot areas it has identified as suitable for offshore aquaculture. Last year the government named three possible locations, but now it wants to see if they are suitable for salmon farming. The Ministry of Trade, Industry and…
Read MoreSalMar to operate world’s first hydrogen-powered workboat
What is claimed to be the world’s first hydrogen-powered workboat is preparing to go into operation for a Norwegian fish farmer. The vessel (pictured) has been developed by Moen Marin, the largest supplier of aquaculture work vessels in collaboration with Moen Verft and Marin Design, and with the support of the Norwegian government technical support…
Read More