Posts Tagged ‘Iceland’
Iceland fish farmer signs major finance deal
Laxey, one of Iceland’s younger salmon farming companies has signed a financing agreement with Arion Bank for an undisclosed sum to support its plan to operate a facility on land in Vestmannaeyjar, the country’s western isles.
It says the agreement is an important part of Laxey’s long-term operations and supports the company’s continued development.
Read MoreIceland calls snap general election
The Icelandic Government has collapsed and a snap general election has been set for 30 November. The result could make a difference for Iceland’s growing aquaculture sector, with rival parties taking very different stances on its future.
Prime Minister Bjarni Benediktsson surprised everyone at the weekend when he announced the end of the current coalition between his Independence Party and the Progressive and Left Green parties. He plans to stand again for government.
Read MoreIceland salmon exports take off
The export value of Icelandic farmed fish has reached more than £150m (ISK 27.3 billion) during the first seven months of 2024, according to the latest official figures.
Statistics Iceland said most of this was due to higher salmon sales. Iceland’s salmon exports between January and July this year totalled ISK 22.4bn (almost £124m), 28% higher than in the same period in 2023.
Read MoreMajor salmon farm planned close to Iceland’s capital
Icelandic aquaculture business Aurora fiskeldi ehf is looking to build a large land-based salmon farm just north of the capital, Reykjavik.
Aurora, a relatively new company, eventually hopes to produce 14,000 tonnes of fish per year at Katanesi in Grundartanga.
Read MoreHigh salmon prices hit Icelandic supplier’s sales
Seafood supplier Iceland Seafood International (ISI) has reported a positive turnaround during the first six months of this year, but high salmon prices early on in the period have continued to affect sales.
The group, which sold its Grimsby operation more than a year ago, reported revenues totalling €98.2m (£82m) which were only marginally down on the previous period in 2023.
Read MoreEverything has value
One person’s waste could be another’s valuable commodity, as the aquaculture sector is discovering.
Read MoreFormer Salmon Evolution chief joins Iceland’s GeoSalmo
Icelandic land-based salmon farmer GeoSalmo has appointed former Salmon Evolution chief Håkon André Berg as its new Executive Chairman.
Read MoreFiiZK sells lice skirt business
Norway-based fish farm cage manufacturer FiiZK is selling its lice skirt production business to Iceland’s Hampidjan Group.
Under the agreement, Hampidjan will take over FiiZK Protection AS, the lice skirt business, which is located at Valsneset in Ørland municipality, northwest of Trondheim, Norway.
AI cameras used to study salmon behaviour
The Icelandic salmon company Arctic Fish is using underwater cameras fitted with artificial intelligence to study salmon in their pens.
Read MoreFar out, man
Iceland has joined the list of countries looking at whether fish farming could expand into more challenging ocean locations, as Vince McDonagh reports.
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