Posts by Robert Outram
SalMar poised to sell wellboat business
SalMar has signalled it is likely to sell its aquaculture support and wellboat supply subsidiary Frøy. It acquired a significant stake in the business as part of the takeover of the NTS group, which also included Norway Royal Salmon and SalmoNor last year. SalMar also said it was also shelving all of its major new…
Read MoreOslo set to press ahead with tax plan
The Norwegian government is continuing to hold talks with just two smaller political groups on the salmon tax issue, after four main opposition parties walked out two days ago. Millions of krone were wiped off the value of salmon company shares on Tuesday. With the country enjoying two consecutive public holidays (Constitution Day and Ascension)…
Read MoreQ1 unsatisfactory despite higher profits, says Lerøy chief
Despite delivering higher profits during the first quarter of 2023, Lerøy CEO Henning Beltestad believes the results should have been better. He said: “We are not satisfied with the results in Aquaculture in the first quarter, but we have implemented a number of measures in which we have great confidence. The combined fish farming, trawling and…
Read MoreNorway tax plan in tatters as four parties walk out
Attempts to get a broad political settlement on the Norwegian Government’s salmon tax plan have all but collapsed, despite an offer to drop the base rate to 30% Most of the main opposition parties have withdrawn from talks leaving the Labour-Centre party coalition plan up in the air. Only the Socialist Left (SV) and Red…
Read MoreCooke wins platinum award 18 times over
Cooke Aquaculture has once again picked up a platinum honour at the “Canada’s Best Managed Companies” awards event. The aquaculture division is part of the wider Cooke Seafood group and includes extensive salmon farming interests in Orkney and Shetland. It is the 18th consecutive time that Cooke has collected this award. CEO Glenn Cooke said: “We…
Read MoreLow prices hold back cod farmer’s revenue
Norwegian cod farmer Statt Torsk has reported a small first quarter loss despite a big rise in revenue. The company is blaming poor price returns with CEO Gustave Brun-Lie stating: “There are many reasons for this, but the fact is that we have not yet achieved our goal to differentiate our product from the other white fish…
Read MoreSeagriculture EU to focus on seaweed opportunities
Seagriculture EU 2023, the leading conference for the seaweed industry, will be taking place from 21-22 June 2023 in Trondheim, Norway. This two-day event will explore the vast potential of seaweed in various applications such as feed, food, offshore cultivation, investment and business aspects, as well as biorefinery of seaweed and much more. The two-day…
Read MoreSAIC announces funding for six more projects
The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5m, bringing the total number of research and development initiatives it has funded to 100. The six funded projects have secured more than £580,000 from SAIC, with additional support from businesses and organisations across the sector, including The…
Read MoreArctic Fish returns to profit for Q1
Icelandic salmon company Arctic Fish turned a loss into profit during the first three months of this year. Arctic Fish is now owned by the Norwegian giant Mowi. Previously, Norway Royal Salmon – which was part of the NTS Group, acquired last year by SalMar, held a controlling interest. Publishing results for the January to…
Read MoreKey Norwegian salmon tax vote delayed
Norway has postponed a decision on the so-called “salmon tax” after the main political parties once again failed to reach a consensus. Norway’s parliament, the Storting, was due to have produced its final recommendations for the salmon tax or ground rent tax, based around a new 35% levy on the larger coastal fish farms, tomorrow.…
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