Ice Fish Farm share issue raises €44m

Icelandic salmon farmer Ice Fish Farm has raised additional equity capital of €44m (NOK 500 million/£38m) in just a few hours, it was confirmed over the weekend. The proceeds from the private placement will be used to fund investment and build up biomass. Four associates had already committed in advance to subscribe around €29m (£25m).…

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Bakkafrost Chairman says Scottish turnaround is working

Faroes-based salmon farmer Bakkafrost says its Scottish investment is starting to show positive results, Chairman Runi M. Hansen has told shareholders in the company’s annual report, which was published at the weekend. He said that when Bakkafrost bought the Scottish Salmon Company in 2019 it knew that the acquisition was a “turnaround case” requiring significant…

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SAIC coaching programme aims to develop future leaders

The Sustainable Aquaculture Innovation Centre (SAIC) is calling upon emerging leaders from across the sector to take part in its Leadership Development Programme. Delivered in partnership with Skillfluence, the initiative aims to equip participants with the tools, skills and confidence to lead under pressure and build successful teams, as well as providing one-to-one coaching and…

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Perkins parts company with Global Seafood Alliance

The Global Seafood Alliance has announced that Brian Perkins is no longer the organisation’s Chief Executive Officer. Wally Stevens will be acting as the GSA’s interim CEO until a replacement is found, the statement said. Stevens previously acted as GSA’s executive director and CEO. The GSA’s statement concluded: “More details will be forthcoming.” Perkins joined…

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Alternative markets for mussels

Green-lipped mussels are a nutraceutical success story for New Zealand’s farmers. Could blue mussels do the same for the UK? Nicki Holmyard’s article explores the research that suggests there could be an opportunity for the industry – if it can overcome existing barriers to growth. Read her feature in April’s Fish Farmer magazine, available online…

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Grieg CEO hails record year for company

Grieg Seafood CEO Andreas Kvame has spoken of an historic year for the company in his 2022 annual report, published today. In February, the company reported an operational profit or EBIT of NOK 1,739 million (£142m) for last year against NOK 442m (£36m) in 2021. Thanking staff for their hard work, Kvame said: “In our…

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Investment group buys into SinkabergHansen

Investment group BEWI Invest has bought a large stake in the family-owned salmon farmer SinkabergHansen (SBH) for around NOK 2.2bn (£178m), it has been announced. The consideration will comprise of a combination of cash, hybrid bonds in BEWI Invest and newly issued shares in BEWI Invest, whereby the sellers will become significant minority shareholders in…

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Scotland could benefit from tax row, says Norwegian salmon farmer

Scotland could end up as one of the winners from Norway’s increasingly bitter salmon tax row, a leading Norwegian fish farmer has said. Sondre Eide, General Manager of the company Eide Fjordbruk, told the regional broadcaster NRK Vestland that he was not happy with the Oslo government’s latest proposal which includes reducing the basic ground…

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Gougeon keeps Rural Affairs brief in new leader’s cabinet

Scotland’s Rural Affairs Secretary Mairi Gougeon has retained her post following the cabinet reshuffle by newly elected First Minister Humza Yousaf. Her role has been renamed “Cabinet Secretary for Rural Affairs, Land Reform and Islands”. On Monday it was announced that Humza Yousaf had been elected as leader of the Scottish National Party, beating his…

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US industry group backs investment in aquaculture

Lobby group Stronger America Through Seafood (SATS) is calling on the US Congress to support an increased funding package aimed at growing the country’s aquaculture sector. SATS has written to the chairs and ranking members of the US House and US Senate Committees on Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies, urging Congress to support…

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