Japanese giant Mitsui invests £43m in trout farm project

The giant Japanese trading group Mitsui is investing a further 78.5 billion Yen (£43m) in a major RAS trout farming project. It means that Mitsui now has a majority 50.4% stake in the trout producer known as FRD Japan. The new plant will be sited at Futtsu-shi, Chiba, around 25 miles east of Tokyo. Large…

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Private salmon companies also doing well

Two privately owned Norwegian fish farming companies, Wilsgård Fish Farming and Arnøy Laks, have announced positive financial results for 2022. In both cases revenues and profits were much higher with Wilsgård achieving a company record and more than doubling its turnover from NOK 320 million in 2021 £24m) to almost NOK 757m (£56m) last year. High salmon…

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Senator praises US Kingfish project

United States Senator Angus King has paid a visit to the yellowtail producer Kingfish’s RAS research facilities in Maine and praised the company for its investment in the region. The Netherlands based company is expanding into the US with a recirculating aquaculture system farm near the Maine community of Jonesport. When completed it will produce…

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Picky punters

A paper on the prospects for increasing the consumption of shellfish may be over-optimistic, argues Dr Martin Jaffa in his latest Comment article for Fish Farmer. Scientists at the the Department of Zoology of the University of Cambridge have examined ways to encourage the British public to eat more bivalve shellfish – a product which…

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Aquaculture sector faces tough times, bank says

Economic and climate factors are set to make the second half of this year “the most challenging” period for global aquaculture since the peak of the pandemic in 2020, according to analysts at Dutch financial giant Rabobank. Rabobank’s latest report, Global Aquaculture Update 2H 2023: Between a Rock and a Hard Place, warns that worldwide…

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Supplying Putin’s chef

Nick Joy recalls doing business with someone who turned out to be more notorious – and dangerous – than could have been imagined. Read the latest issue of Fish Farmer here to find out how Loch Duart Salmon ended up supplying mutinous mercenary leader Yevgeny Progozhin. See page 86.

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Vision paper sets out aspirations for aquaculture

The Scottish Government has set out its long-awaited Vision for Sustainable Aquaculture, setting out environmental, economic and social aims for the sector. The document, which had been expected at the end of last year, was launched by Mairi Gougeon, Cabinet Secretary for Rural Affairs, Land Reform and Islands at Kames Fish Farming’s site at Loch…

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Kingfish sales up 14% for Q2

The Kingfish Company has reported a 14% increase in second quarter sales for its farmed Dutch yellowtail. Sales were up year on year during the quarter to €5.6m (£4.8m) while revenues per kilo increased by 19% to €14.80 (£12.80). The total volume sold was 377 tonnes. Kingfish CEO Vincent Erenst said: “We reached important milestones…

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Packed programme for Scottish Pavilion at Aqua Nor

The Scottish Pavilion at the Aqua Nor 2023 trade show in Trondheim this August is offering a packed programme of events and presentations. Team Scotland’s presence at Aqua Nor is being co-ordinated by Highlands and Islands Enterprise and the Marine Directorate of the Scottish Government. Tuesday 22 August, the first day of the show, begins…

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Green is the new gold, say scientists

Researchers are studying the potential for lab-grown algae as a viable alternative protein source for aquafeed and other uses. Experts in animal nutrition from Biosimetrics and Abrimar, both based in Edinburgh, Scotland, are working alongside researchers at the Scottish Association of Marine Science (SAMS) to explore the optimum conditions required for growing algae as a…

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