Posts Tagged ‘Iceland’
Arnarlax has 10,000 tonne licence revoked in Iceland
The large Icelandic salmon farming company Arnarlax was told yesterday that its licence to farm 10,000 tonnes of sterile salmon in Isafjord has been revoked.
Read MoreSamherji ready to start work on new super fish farm
Samherji, Iceland’s largest fishing and aquaculture company, is to start work on its new salmon land farm next month.
Read MoreBuyer found for Skaginn assets
An agreement has been reached for the purchase of the assets of the Icelandic seafood processing equipment company Skaginn 3X, which filed for bankruptcy in the summer.
A group of investors with the firm KAPP, another Icelandic technology company, will buy all the equipment and liquid assets of the Skaginn estate in Akranes.
Skaginn 3X, was a well-known name in the world of seafood processing equipment, but it filed for bankruptcy four months ago after Baader, its German parent company, failed to turn the business around.
Read MoreIceland 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.
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