Brexit ‘has already cost salmon producers £11m’

Red tape, delays and depressed prices following the end of the Brexit transition period have cost Scotland’s salmon producers £11m in January and February alone. That is the calculation of the Scottish Salmon Producers Organisation (SSPO). The losses are due, the SSPO said, to lost loads thanks to consignments being rejected or held up at…

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Loch Duart reports growth for 2019/20

Scottish salmon farmer Loch Duart saw growth in both revenue and profit for the financial year 2019/20, the company’s accounts show. Loch Duart made a profit of £1.3m (up 18% on the previous year) on revenue of £40.3m (up 16% from £34.6m in 2018/19). The company also said it had recorded its highest ever harvest…

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Digestive and metabolic enhancers to optimize feed-fish compatibility

  ADISSEO, Belgium. Compatibility of feeds with fish digestive and metabolic capacities is paramount for optimal growth performance and health. Suboptimal levels of dietary lipids, the inclusion of plant ingredients, or the seasonal variations in water temperature, negatively impact nutrient absorption and utilization. ADISSEO has developed digestive/metabolic enhancers based on natural emulsifying components to enhance…

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Malcolm Pye joins OTAQ board

Marine technology business OTAQ has appointed Malcolm Pye, founder and former Chief Executive of Benchmark Holdings plc, one of the leading players in aquaculture health, nutrition and genetics. OTAQ provides products and solutions for the global aquaculture and offshore oil and gas industries. Alex Hambro, Non-Executive Chairman, commented: “We are really delighted to welcome Malcolm…

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Loch Duart sets up US sales operation

Scottish salmon farmer Loch Duart has added a US operation to its existing French and UK sales offices. The US campaign will be led by Jim Scoon as US Vice-President, Sales, who was formerly Sales Manager for Black Pearl seafood, one of the largest importers of Scottish salmon into the USA. His virtual office is…

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Benchmark signs World Heritage Salmon deal

Benchmark Genetics has agreed a five-year deal to provide 20-25 million ova annually for World Heritage Salmon (WHS), which is developing a land-based aquaculture facility in an abandoned mine. The WHS project is based in Sunnylvsfjorden, Norway, which was once a centre for extracting the mineral olivine. WHS plans an annual production of up to…

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Norcod gears up for first harvest this summer

Norwegian cod farming venture Norcod is in a “strong position” to start commercial sales this summer, the company said. Reporting on results for the fourth quarter of 2020, Norcod said biological performance had been “exceptional”. Norcod has not completed its first production cycle and so reported no revenue or operating profit for 2020. The business…

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SalMar reports ‘satisfactory’ Q4 although profits are down

Salmon farming giant SalMar today announced a “satisfactory” final quarter operational EBIT or profit of NOK 413.8m (£35m) . The figure is down 37% on the 2019 Q4 EBIT of NOK 658m (£55m) but given the unusually low salmon prices during the period, the outcome is hardly surprising. SalMar owns a 50 per cent stake…

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Baader finalises Skaginn acquisition

Food processing machinery supplier BAADER has completed its acquisition of Icelandic competitor Skaginn 3X. The deal was announced in October last year. BAADER, based in Lubeck, Germany, said it had taken a majority stake in Skaginn in order to combine its own manufacturing capability with Skaginn’s innovative cooling, freezing and processing expertise. The two organisations…

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