Kingfish founder joins redfish start-up as Chairman

US fish farming start-up Pine Island Redfish has appointed Ohad Maiman, founder and former CEO of The Kingfish Company as Chairman of the Board. The move reunites Pine Island founder Megan Sorby – who was formerly Operations Manager with Kingfish Maine – with her former boss. Maiman, an Israeli financier, founded The Kingfish Company in…

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Nordic Aquafarms edges closer to green light for California

Nordic Aquafarms has passed another milestone in its bid to build a land based yellowtail kingfish farm in California. The California Coastal Commission has issued a ”Notice of Intent to Issue” a Coastal Development Permit (CDP), which will be the final major permit required for the farm. The decision was passed  12-0 in favour. It…

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Profit collapse hits major Chilean salmon farmer

The big Chilean salmon farmer Salmones Camanchaca suffered a price collapse during the July to September third quarter period and operating revenue fell despite higher harvest volumes, the company has disclosed. It has blamed lower prices and higher costs as being among the main reasons for the situation. The Atlantic Salmon harvest volumes totalled 17,760…

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Volcano crisis: fish farmer battles to save business

Fish farming and fishing companies around the beleaguered town of Grindavik are racing to save what they can of their businesses from being engulfed by an expected volcanic eruption. The latest reports suggest that the port could be lost for good, with problems likely to remain for years. Earthquakes in the locality have already caused…

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Lerøy Q3 hit by ISA issues

The Lerøy Seafood group is lowering its fish farming production forecasts for this year following a series of illness issues at some of its sites in Norway. Presenting its third quarter results today the group, which is part owner of Scottish Sea Farms, unveiled an 8% higher turnover at NOK 8,001m (£591m) but an operational EBIT (operational profit)…

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Norcod sales up, but profits yet to emerge

Norwegian cod farmer Norcod has reported a solid jump in its third quarter revenues this year, along with good progress in other areas. Sales were up from NOK 2m (£150,000) 12 months ago to NOK 21m (£1.55m) this time. The company also saw heavy investment in its biomass to fortify its marker position along with…

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Salmon Evolution biomass at new high

Land based fish farmer Salmon Evolution has passed yet another milestone with its highest ever biomass at 2,100 tonnes, up from 1,047 tonnes at 30 June. Salmon Evolution operates a hybrid flow-through facility at Indre Harøy on the Norwegian west coast. The company is targeting a production capacity of 100,000 tonnes HOG (head on gutted)…

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Grieg drops into Q3 loss

Grieg Seafood has become the first major salmon farming company for many years to plunge into the red. The company, which farms in Norway and in Newfoundland and British Columbia, Canada, today unveiled a third quarter operational EBIT or operational loss of NOK 86m (£6.3m). This compares with an operational profit of NOK 145m (almost…

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AKVA Group warns of salmon tax impact

The AKVA group, the world’s largest supplier of aquaculture services and solutions, has warned that the salmon tax is having a negative impact on the level of activity in the sea based business – and on land based operations. Presenting its results for the third quarter, the company said that the group delivered slightly reduced…

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The November 2023 issue of Fish Farmer is out now online

The November issue of Fish Farmer magazine is out now online and you can read or download it here. Last month I had the great pleasure of attending the Association of Scottish Shellfish Growers’ Conference in Oban. It was an event with a real sense of community, bringing together people who clearly feel passionate about…

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