Posts by Robert Outram
Kingfish Company reports solid half year progress
The Kingfish Company, the pioneering land based yellowtail producer, achieved strong growth and continuing financial improvement during the first six months of this year. Its half year results show a 31% increase in revenue along with higher production. CEO Vincent Erenst said: “Our financial results for the first half of 2023 are marked by key…
Read MoreKames Community Fund helps refurbish local museum
Steelhead trout producer Kames Fish Farming has celebrated the reopening last week of a local museum the company has helped to refurbish. Kames donated £2,500 to the Kilmartin Museum, at Lochgilphead in Argyll. The museum displays ancient artefacts close to the sites where they were discovered, including some of Scotland’s earliest examples of Beaker pottery,…
Read MoreSalMar and Nippon Gases in waste heat deal
Nippon Gases and the SalMar subsidiary SalMar Settefisk have entered into an agreement to use waste heat in aquaculture. They said this sustainable collaboration underlines both companies’ commitment to green initiatives and the circular economy. The deal involves two facilities located side by side on the Tjuin industrial area, near Steinkjer in central Norway. Nippon Gases…
Read MoreGigante Salmon’s land farm costs jump by £15m
Gigante Salmon’s new land based salmon farm at Rødøy, in Norway’s Nordland, is going to cost around NOK 200 million (£15m) more than originally planned, the company has reported. The news led to a 14% drop in Gigante’s share price on the Oslo Euronext Growth exchange yesterday. The company said a stock exchange statement: “After…
Read MoreLey-Wilson joins SAIC as Riddle steps down
Fish farming expert Ed Ley-Wilson is joining the Sustainable Aquaculture Innovation Centre (SAIC) in the newly created role of Director of Innovation and Business Development. Meanwhile, SAIC’s Director of Innovation and Engagement, Sarah Riddle, is leaving after three years with the organisation, to focus on her family business, Northern Light Consulting. Ley-Wilson was most recently…
Read MoreSSF chief unveils strategy to tackle mortalities
Scottish Sea Farms yesterday spelled out the measures it is taking to combat the issues which have dogged its operations over the past couple of years, mostly caused by the exceptionally hot dry weather in 2022 and a resulting rise in sea temperatures. These extraordinary environmental conditions led to a number of biological problems, higher…
Read MoreMåsøval appoints new CFO
Norwegian salmon producer Måsøval has announced the appointment of the highly experienced Anders Hagestande as its new Chief Financial Officer. Previously he held similar positions with the salmon companies Blue Resource Group (formerly Villa Seafood) which has operations in Norway, Scotland and the US and with Bjørøya AS of Norway. Holding a degree in economics,…
Read MoreScottish Government to trial aquaculture reforms
A streamlined consenting process for fish farming will be trialled in two local authority areas over the next 12 months, Scotland’s First Minister Humza Yousaf has promised. The pledge comes in the Programme for Government, which sets out the devolved Scottish Government’s aims and objectives for the coming year. The Scottish Government has already accepted…
Read MoreNorway’s farmed cod exports on the rise
Norway’s cod farmers may be having a tough time financially of late, but what they produce is now attracting increased demand from buyers abroad. The Norwegian Seafood Council reports that 408 tonnes worth NOK 26.7m (almost £2m) were exported last month. No farmed cod was sold overseas in August last year. Seafood Council analyst Eivind Hestvik…
Read MoreSalMar planning huge increase in output
SalMar is planning to increase its annual output by at least a third, investors will be told today. The world’s second largest producer of Atlantic Salmon, and part owner of Scottish Sea Farms, is due to outline its ambitions at a Capital Markets Day event in Tromsø. CEO Frode Arntsen will say that sustainable organic growth…
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