Posts by Robert Outram
‘$55bn needed’ to close seafood gap by 2050
Aquaculture needs massive capital investment and a willingness to embrace a new way of thinking, if the world is to avoid a massive shortfall in seafood production by 2050. That’s the warning from financial think tank Planet Tracker, which forecasts that the global demand for seafood is expected to reach 267 million tonnes by 2050,…
Read MoreASC ramps up Chain of Custody rules
The Aquaculture Stewardship Council’s new Chain of Custody (CoC) Module becomes effective and mandatory as from 30 May. The new rules, applying to all ASC-certified producers, include additional requirements to the existing Marine Stewardship Council (MSC) CoC certification. The ASC said the changes are intended to further strengthen the value and assurance of the ASC label. Food…
Read MoreSalmon tax could cost Mowi £50m this year, warns CEO
MOWI has said the Norwegian government’s new salmon tax will cost the business around £50m this year if there is no change to the proposal. The world’s largest producer of Atlantic salmon yesterday announced record first quarter profits of €322m (£280m) and is paying over a billion kroner (£740m) in dividends to shareholders. Mowi also…
Read MoreSalMar operational profits up 49% after acquisitions
SalMar, the world’s second largest producer of Atlantic salmon, today announced a first quarter operational profit (EBIT) of NOK 1,884 million (£140m), up by 49% year on year. SalMar’s Q1 EBIT for 2022 was 1,262 (£95m). The results reflect a year in which SalMar acquired the NTS group, owners of Norway Royal Salmon. The company…
Read MoreThe May 2023 issue of Fish Farmer is out now online
The May issue of Fish Farmer magazine is out now online and you can read it online or download it here. Otter Ferry Seafish, featured in our cover story this month, encapsulates the history of fish farming in Scotland, all within one site on the shores of Loch Fyne. Starting as a trout and then…
Read MoreFish farmer fined £800,000 over worker’s death
Mowi Scotland has been fined £800,000 over the death of one of the company’s employees, who was crushed to death in a workboat accident. The company pled guilty to a number of health and safety breaches at the Sheriff Court in Inverness yesterday. Clive Hendry was an Assistant Manager at Mowi’s farm at Ardintoul, Kyle…
Read MoreMowi CEO hails ‘best quarter yet’
Mowi today announced that the first three months of 2023 was its best quarter ever, with Scotland continuing to make steady improvement from earlier biological challenges. As previously reported in the Q1 update last month, the group achieved an operating profit of €322m (£280m), up from €207m (£180m) during the first quarter of last year. The…
Read MoreSalmon Evolution starts freshwater treatment
Land based fish farm Salmon Evolution has outlined the measures it is taking to correct the mortality issues at its new facility, at Indre Harøy in southern Norway. The company has also disclosed that the main problem appears to be amoebic gill disease (AGD). Ten days ago Salmon Evolution, which recently raised around £40m, warned…
Read MoreSalmon tax could raise four times original estimate
The Norwegian government’s planned salmon tax plan could raise at least four times the figure when the proposal was first announced last September, according to the latest estimate. In a letter to the Oslo Parliament, the Storting, the Ministry of Finance said the tax is expected to produce NOK 16 to 17bn (£1.18bn to £1.25bn)…
Read MoreBioMar teams up with French insect business
Feed group BioMar and French biotech company Agronutris, which specialises in transforming insects into protein, have signed a long-term partnership to develop the next generation of black soldier fly meal specifically designed for aquafeed. BioMar said that after years of research and development insect meal is now seen as a promising new ingredient on a clear…
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