Posts Tagged ‘europe-nordics’
Norway set to unveil first offshore licences within months
The Norwegian government is set to announce its first fish farming “far out at sea” licences in the New Year.
The move to license offshore aquaculture has been received with huge enthusiasm and described as a great opportunity for the aquaculture sector.
Read MoreRoller coaster prices hit Måsøval Q2 profits
The large Norwegian fish farmer Måsøval has reported higher second quarter revenues, but lower profits during the period.
The company recorded revenues of NOK 935 million (£67m) against NOK 804 million (£57m) last year.
Read MoreA load of cods?
Norway’s Institute of Marine Research is highly critical of cod farming but its views are not backed by evidence, argues Dr Martin Jaffa.
Read MoreFaroese strike hits Bakkafrost hard but Scotland producing higher profits
A long-running general workers strike in the Faroe Islands has proved costly for the salmon farmer Bakkafrost.
The company said the action, which took place in the Spring this year, severely impacted on the second quarter (April to June) results.
Read MoreCod farmer sees revenues rocket up in Q2
Norcod has reported an impressive 121% increase in revenues during the second quarter this year and has reduced its operating losses by a third. The news demonstrates the popularity and growing importance of fresh farmed cod in the aquaculture scene. Norcod, which is continuing to invest heavily in its facilities, also managed to reduce its operating loss by 34% during the period.
Read MoreOff-flavour problem forces Nordic Aqua to raise more capital
Salmon farmer Nordic Aqua Partners is set to raise around NOK 250 million (£18m), to see it through a “geosmin” issue at its production facility in China.
Read MoreUncertainty clouds Norwegian presence in British Columbia
A high profile salmon company is facing a difficult future following the publication of its latest results in the past couple of days. That business is the Grieg Seafood Company which saw its share price drop sharply in Oslo yesterday.
Of all the big Norwegian salmon farmers, Grieg has so far produced the most disappointing Q2 results.
Q2 loss for Grieg as fish health issues hit
GRIEG Seafood reported a disappointing second quarter today, with an operational loss and lower salmon harvests. The harvest volume was down by over 7,000 tonnes to 15,272 tonnes during the April to June period.
Read MoreLerøy positive despite lower Q2 operational profit
The Lerøy Seafood Group, part owners of Scottish Sea Farms, produced a second quarter operational profit of NOK 906m (£66m), NOK 44m (£3.2m) lower than a year ago. However, the company said there had been good biological improvements during the period, with promising results from shielding technology.
Read MoreMowi Scotland reports strong Q2 and better biology
Mowi Scotland produced another strong quarter between April and June this year, with news that some of the issues that have dogged the business in the recent past are now becoming less of a problem. The division produced revenues of 43.6m euros (£37m) against €41.8m (£35.7m) a year ago.
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