Archive for August 2021
Norcod starts first commercial harvest
Norwegian cod farmer Norcod has started its first commercial harvest. Chief Executive Christian Riber hailed the initial harvest as a “huge milestone” for the Trondheim-based company following an intensive four-year effort to start production from the fish farming venture in the North Atlantic. Norcod expects to produce more than 5,000 tonnes of cod under a…
Read MoreScottish Sea Farms shines for SalMar
SalMar today announced a second quarter operating profit of NOK 661m (£55m), considerably lower than forecast by industry analysts. The corresponding figure for Q2 last year was NOK 882m (£73m) and something like that was expected this time. Scottish Sea Farms, however, in which SalMar has a 50% share, performed particularly well during the quarter,…
Read MoreSalMar and Aker launch new global ocean salmon farming venture
SalMar today announced it has entered into a strategic partnership with Aker ASA, the industrial investment company specialising in energy, seafood and marine biotechnology to establish a global offshore aquaculture business. The new joint venture company will be known as SalMar Aker Ocean AS and will conduct fish farming in open water and in some…
Read MoreFocus on gut health to support welfare and performance
Gut health is critically important for welfare and performance in fish production. Enteric diseases causing loss of gut integrity result in important economic losses in fish production, due to impacts on feed conversion, growth and even survival in severe cases. Enteritis problems are related to factors inducing inflammation and failures in the gut barrier. In…
Read MoreBenchmark signs deal to provide eggs for Premium Svensk Lax
Land-based salmon producer Premium Svensk Lax has reached an agreement with Benchmark Genetics for the supply of eggs for its new farm in Sweden. The Premium Svensk site at Säffle, Värmland is currently under construction and, when completed, will have an annual capacity of 10,000 tonnes. It is expected to start full-scale production in 2024.…
Read MoreMacNeil’s Amber Knight to chair Scottish Seafood Association
The Scottish Seafood Association, which represents the seafood processing sector in Scotland has elected Amber Knight of MacNeil Shellfish as its first chairwoman. Knight thanked outgoing chairman Ryan Scatterty for his able stewardship during his tenure and said she looked forward to steering the industry through a very challenging and uncertain time. She was nonetheless…
Read MoreSalMar set to buy into family salmon business
Fish farming giant SalMar, which last week launched a £953m bid for Norway Royal Salmon, announced today it has entered into agreement to acquire a 45% stake in the family owned business Refsnes Laks through a combination of share purchases and private placement. The purchase price is NOK 665m (around £55m). Refsnes Laks is a…
Read MoreMowi sees profit up in Q2
Strong demand for salmon gave Mowi’s operating profits a boost during the second quarter of this year, with its Scottish division performing particularly well. The world’s largest salmon farmer today reported a global Q2 operational EBIT or profit of €137m, against €99m for the corresponding period last year. Revenues increased from €911m to €1,000m. The…
Read MoreBenchmark reports strong growth in Q3
Genetics and animal health specialist Benchmark Group saw its revenue and profits surging back in the third quarter of this year, with strong performance in all areas, especially the sale of salmon eggs. The group’s revenue for Q3 was £28.3m, up 17% on the same period last year. Revenue for the year to date is…
Read MoreSSPO funds wild salmon conservation projects
The Scottish Salmon Producers Organisation has provided conservation bodies with funding of more than £70,000 to help ensure the future of wild salmon. The awards were made through the Wild Salmonid Support Fund, which is financed by the leading fish farming companies and managed by the independent grant making charity, Foundation Scotland. The fund, launched…
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