Posts by Janice Johnston
Proximar seeking extra £12m due to cost inflation
Proximar Seafoods, the company behind the Mount Fuji RAS salmon farm project in Japan, has said it needs to raise more money due to rising construction costs. It is looking for an extra NOK 165 million (around £12m). Proximar said the project’s total capital expenditure (capex) has been updated to NOK 1,240 million (£92m), up…
Read MoreSalmon farming may be halted to save rare skate
Federal authorities in Australia say salmon farming operations in Tasmania’s Macquarie Harbour could be temporarily halted amid a reconsideration of licences to protect a rare breed of skate. But the move has been met with fierce opposition from the local salmon industry. Federal Environment Minister Tanya Plibersek has warned the industry it may not be…
Read MoreSalMar delivers record Q3 results, but SSF continues to struggle
Salmon farming giant SalMar delivered a third quarter operational EBIT or operating profit of almost NOK 2,300m (£169m) although Scottish Sea Farms, in which it owns a half share, continued to produce a loss. The group EBIT is almost NOK 1,000 (73m) higher than a year, but last year’s figures do not include the NTS…
Read MoreLoch Duart profits up 126% for 2023
Independent salmon producer Loch Duart Ltd has reported profits of £3.4m for the 2023 financial year, up from £1.5m. The company’s accounts for the year 31 March 2023 also show that turnover was £52.5m (2022: £40.6m). Loch Duart farms salmon derived from a wild Scottish strain, in Sutherland and the Hebrides. The directors’ report for…
Read MoreMowi reports record Q3 earnings, Scotland doubles profit
Mowi today unveiled record high 2023 third quarter revenues of €1.36bn (£1.18 bn) with Scotland more than doubling its operational profit or EBIT. The global operational profit was €203m (£176.5m) of which its Scotland operation contributed €9.2m (£8m) up from €4.2m (£3.6m) a year ago. The group said the performance during the July to September…
Read MoreSalmon companies at top of sustainable producers list
Salmon producers have taken the top three places in a global listing of the most sustainable animal protein producers. Mowi was ranked first for sustainability by the Coller FAIRR Protein Producer Index for the fifth year in succession. The company is joined in the top three ranked companies by fellow aquaculture businesses Lerøy Seafood Group…
Read MoreHigh salmon prices will continue into 2024 – Bakkafrost chief
Bakkafrost CEO Regin Jacobsen remains in positive mood despite various challenges at its Scottish and Faroe Island farming operations. He told shareholders in the company’s third quarter report yesterday that the supply growth was likely to remain low for the coming quarters. “The Chinese market has gained momentum and we have also increased our market…
Read MoreOban hosts seaweed summit
The seaweed sector in Scotland has great growth potential, but how can it scale responsibly? What are the key considerations when developing and growing the industry, and how do we ensure we have a responsible and sustainable sector? These are among the questions that will be addressed next week at the 2023 Scottish Seaweed Industry…
Read MoreMarine Economy Week: 20-24 November
Harper Macleod’s third annual Marine Economy Week is almost here. Over the course of the week, Harper Macleod will be publishing video discussions and other content examining an array of crucial issues facing all aspects of the sector. Find out more here and register your interest: https://www.harpermacleod.co.uk/events/marine-economy-week/
Read MoreNofima names new aquaculture head
Norwegian research institute Nofima has appointed Linn Anne Bjelland Brunborg to the post of Director, Aquaculture Division, starting 1 January. She was previously General Manager of Orkla Ocean, a Norwegian company set up to develop seaweed farming for food and related products. Bjelland Brunborg studied human nutrition at the University of Bergen and started her…
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