Posts by Robert Outram
Ÿnsect appoints new CEO, announces board changes
Alternative protein producer Ÿnsect has appointed a new CEO, Shankar Krishnamoorthy, as part of a board reorganisation that sees co-founder and former CEO Antoine Huber stepping down to focus on “innovation, science and impact”. Ÿnsect raised €160m (£137m) in its series D funding round in April this year. The company transforms mealworms into high-end, high-value…
Read MoreNorwegian seafood exports up in June
June brought a welcome spell of sunshine for Norwegian seafood exporters, with salmon producers once again in the lead. Yesterday the Norwegian Seafood Council published figures showing record exports of NOK 82bn (£6bn) for the first six months of this year. June’s export numbers showed a marked improvement on April and May. During the month…
Read MoreLerøy reports 10% year-on-year fall for Q2 harvest
The Lerøy Seafood Company today reported that its second quarter harvest will be more than 3,000 tonnes lower than last year – and 7,000 tonnes down on the April to June period two years ago. In a trading update the volume of salmon and trout for Q2 2023 was 29,700 tonnes against 33,100 tonnes in…
Read MoreNorway’s seafood exports hit NOK 82bn record for H1
Norway’s seafood exports hit a record NOK 82.3bn (£6bn) during the first half of 2023, figures from the Norwegian Seafood Council released today show. This represents an increase of NOK 12.3bn (just over £900,000) or 18% on a year ago, by value. Seafood Council CEO Christian Chramer said the country’s seafood export performance had never…
Read MoreBREAKING NEWS – Kingfish raises €32m to wrap up Dutch expansion
Land based fish farmer the Kingfish Company announced today it has successfully raised €32m euros (£27.4m) through a convertible loan. The funds will partly be used to complete the expansion of the group’s facility in the Netherlands. The yellowtail kingfish producer said it had received significant support and interest from both existing shareholders and new…
Read MoreBakkafrost Scotland improvement continued during second quarter
Bakkafrost Scotland produced an increased harvest during the second quarter of this year, a trading update from the company shows. But Bakkafrost’s output from the Faroe Islands during the period was considerably lower, says the company. In Q2 (April-June) Farming Scotland produced 7,300 tonnes against 6,600 tonnes in Q2 of last year which is in…
Read MoreWho is regulating the regulators?
There is a worrying lack of communication and trust in the way the fish farming sector is regulated, according to Salmon Scotland Chief Executive Tavish Scott. Read his article in the July issue of Fish Farmer, available here to view online or download.
Read MoreNorcod to receive NOK 50m extra credit facility
Norwegian whitefish farmer Norcod has been granted additional credit worth NOK 50m (£3.7m) which it says will give it more financial and operational headroom. The credit facility has come from Export Finance Norway and comes on top of NOK 480m (£35m) granted a few weeks ago. Norcod is the country’s leading cod farmer and while…
Read MoreIcelandic salmon farmer changes name, raises capital
Icelandic salmon farmer Landeldi hf has rebranded as “First Water hf”. The company, which is building a major thermal-heated land fish farm in the south west of Iceland, has also completed share capital financing to the tune of €82m (ISK 2.5bn or £70m) which will guarantee the first phase of the project. First Water said…
Read MoreFinalists announced for Aqua Nor Innovation awards
A sensor system to monitor fish health in pens, a non-destructive testing system for salmon and trout eggs and a robot designed to clean fish tanks are the shortlisted finalists for the Aquaculture Innovation Awards. The winner will be announced at the Aqua Nor trade show in Trondheim, Norway, on Thursday 24 August. Marin X…
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