News
High seas fish farm set to sail under a French flag
Plans for a fish farming “superyacht”, the Ocean Ark, have moved a step closer to reality, with an agreement between assurance and risk management provider DNV and the developers, aimed at securing registration as a French vessel. The Ocean Ark, a patented advanced self-cleaning trimaran superstructure incorporating fish pens into its design, was developed by…
Read MoreGigante CEO out after further construction cost hike
The CEO of Norwegian land-based fish farmer Gigante Salmon has left the company after a warning that construction costs for the completion of its site at Rødøy are now expected to be more than 50% higher than the previous estimate. The news that CEO Helge E. W. Albertsen (pictured) has had his contract terminated broke…
Read MoreLerøy loses 490,000 young salmon to ‘water quality’ issues
The Lerøy Seafood group has been affected by another biological incident which has led to the death of almost half a million young salmon in Norway. The deaths were reported at the Lerøy Sjøtroll facility at Kjærelva in Fitjar municipality in Sunnhordland. They are thought to be due to poor water quality. Lerøy Sjøtroll said…
Read MoreBrighter outlook for AKVA group
Aquaculture technology service company AKVA has reported a strong increase in revenues and operating profits for last year. AKVA recorded an EBIT of NOK 68m (£5m) against an operating loss of NOK 56m (£4m) in 2022. Revenues increased by 2% to NOK 3,432m (£254m) and it also has a strong order intake last year of…
Read More‘Green’ eggs make their debut at Barcaldine hatchery
Scottish Sea Farms has taken delivery of the first batch of “green” eggs at the new £2m incubation unit at the company’s Barcaldine Hatchery. The move is part of a strategy aimed at making the company’s operations more self-reliant in terms of ova supply, and less dependent on imported eggs. “Green eggs” are unfertilised eggs.…
Read MoreSmart farming
Salmon farmers may be slow to experiment with artificial intelligence solutions but Cermaq is one of the leaders, reports Vince McDonagh Norway may be the world leader in aquaculture, but the industry is still too slow in adopting artificial intelligence (AI) into its systems, says a new report. This means Norwegian fish farmers are likely…
Read MoreGloves designed for a tough environment
FIAP’s professional, lightweight and waterproof gloves are made of natural latex for fishing and aquaculture. They offer comfort and a secure grip when handling heavy, rough, slippery objects in extreme environments. The roughened hand and finger area ensures safe working with live and slaughtered fish. Areas of application include fishing, fish processing, oyster farming, frozen…
Read MoreUS $20.75m cash injection for Poseidon Ocean Systems
Poseidon Ocean Systems, the Canadian company behind the Trident sea cage system, has completed a US $20.75m (£16.3m) capital raising exercise. The Series B funding round was led by Ecosystem Integrity Fund (EIF) and joined by InBC Investment Corp., along with additional investment support from one of Poseidon’s existing shareholders, Export Development Canada. Poseidon said…
Read MoreTorghatten Aqua joins Oslo Borse NOTC list
A new name in the aquaculture industry is set to make its debut on the Oslo Stock Market today. The Torghatten Aqua group will become the ninth largest company among some 40 businesses on the NOTC list of Oslo Børs. NOTC is an abbreviation for “Norwegian over the counter” trading in shares, a regulated marketplace…
Read MoreBakkafrost’s ‘salmon air service’ makes first flight
Bakkafrost CEO Regin Jacobsen has hailed the first flight of salmon on its FarCargo Boeing 757 as a new chapter in Faroe Islands trade history. The aircraft departed from the Faroes with a consignment of premium fresh salmon, landing at Newark Liberty International Airport, New Jersey, for the first time. Jacobsen said: “The aim is…
Read More