Posts by Vince McDonagh
Mowi raises millions in green bonds issue
Salmon giant Mowi has successfully raised around £255m (€298m/NOK 3.5bn) in green bonds. Mowi said green bond finance will be used for sustainable and environmentally friendly projects as defined by Mowi’s Green and Sustainability-Linked Financing Framework. It added: “The entire issue amount and coupons will be swapped into floating EUR. The transaction was well oversubscribed.”…
Read MoreEU seafood groups join forces at Barcelona
Five major trade organisations representing European aquaculture, fishing and seafood processing have come together in a new strategic alliance. Their aim is to get Europeans to eat – and produce – more fish.
Read MoreFlesh eating cod bug found off Norway
A new parasite which turns fish flesh into a slimy jelly has been found in cod off the Norwegian coast.
So far it does not appear to have affected the country’s cod farmers but the Institute of Marine Research and the industry are keeping a watch on the situation.
Read MoreNova Scotia PM speaks out against Cooke fish farm plan
Nova Scotia Prime Minister Tim Houston (pictured) has come out firmly against Cooke Seafoods’ plan to expand its Liverpool Bay salmon facility. In February he had already expressed his reservations about the project. Houston has now come off the fence, to say he will directly oppose it because it would mean a large increase in…
Read MoreCermaq announces big investment in Chile
Cermaq has announced that it is planning to invest around £80m in a new RAS fish farm in southern Chile. Called Nueva PCC, Mitsubishi-owned Cermaq said it will be one of its most important projects in the region. It will have a production capacity of 14 million smolts per year. Cermaq Chile said the second stage of…
Read MoreStark numbers
The latest report from the Norwegian Veterinary Institute indicates that the industry is still failing to get a grip on salmon and trout mortalities. Vince McDonagh reports The figures are stark and speak for themselves – and should worry not just salmon farmers in Norway, but the industry internationally. The Norwegian Veterinary Institute last month…
Read MoreGigante confirms new CEO in board shake up
Norwegian land-based salmon farmer Gigante Salmon has a new Chief Executive and has also managed to receive commitment of NOK 120 million (almost £9m) in funding, the company has announced. Gigante Salmon had problems earlier this year, reporting significant mortality with its second smolt batch. In a double Oslo Stock Exchange announcement today, the company…
Read MoreCan you fillet?
Norway’s ban on the export of ‘inferior’ quality salmon is being challenged by the countries who want to process it, reports Vince McDonagh Is Norway heading for a potentially damaging dispute with the European Union (EU) over the sale of production fish? Commonly known as prodfish, this term is mainly given to salmon that have…
Read MoreBluefront Equity launches new seafood fund
Seafood investor Bluefront Equity has launched its second investment fund by securing US $50m (£40.4m) for sustainable projects. Interest is thought to be very high, with the launch reported to be attracting considerable international attention both in Norway and elsewhere. Global impact investment firm Cambridge Associates is one of the lead investors in Bluefront Capital…
Read MoreMajor setback for US East Coast salmon farm plan
A plan for a large salmon farm on the US East Coast is hanging in the balance following a controversial decision by the local city council. Nordic Aquafarms has been trying for years to build the $500 million facility near the town of Belfast, Maine. It is also planning a large yellowtail farm in Humboldt…
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