News
Solid Q4 performance from SalMar
SalMar, the world’s second largest Atlantic salmon farmer, produced “very solid results” during the final quarter of last year, figures published today show. The company plans to pay NOK 4.6bn (around £345m) in dividends for the whole year. SalMar announced a Q4 group operational EBIT or operational profit of NOK 2.16bn (£162m), up nearly 115%…
Read MoreGigante cuts production after fish losses
Norwegian land-based fish farming company Gigante Salmon has announced that it is reducing its production by around 300,000 fish — almost half of the stock released into its tanks last month. This is the second batch for the company at its newly completed site at Rødøy in northern Norway. Gigante revealed at the end of…
Read MoreMowi Scotland battling back against severe biological issues
Mowi Scotland continued to be plagued by biological problems during the final quarter of 2023, company figures show today. Challenges were unusually intense, with a high level of amoebic gill disease (AGD) which the company said was linked to the El Niño cyclical climate phenomenon and all-time high seawater temperatures. Jellyfish had also contributed to…
Read MoreMowi CEO hails record revenues for end of 2023
Mowi achieved all-time high revenues of €1.43bn (£1.28 bn) in the fourth quarter of 2023 – against €1.36bn (£1.16bn) in the corresponding quarter of 2022. The Q4 report said the period concluded another record-breaking year for Mowi. Mowi shareholders will receive a total dividend payout of NOK 983m (around £73.4m) – or NOK 1.90 per share. Revenues…
Read MoreThe February 2024 issue of Fish Farmer is out now online
The February 2024 issue of Fish Farmer is out now online and you can read or download it here. Fish health and welfare is a topic that is always high up on the agenda in aquaculture. That has been so more than ever over the last couple of years for the salmon farming industry in…
Read MoreStudy reveals patterns in mussel population diversity
Innovative new research by the University of Stirling’s Institute of Aquaculture could help improve mussel farming practices and lead to increased production. Blue mussel aquaculture is an important sustainable and eco-friendly way of producing a protein source, but the industry has been facing challenges resulting in production fluctuations. The University of Stirling study saw scientists…
Read MoreSalmon Evolution breaks even in Norway, faces cost problems in Korea
Norwegian land-based fish farmer Salmon Evolution has reported that its farming operations broke even for the first time, during the final quarter of last year. Q3 earnings before interest and tax (EBITDA) for Farming Norway were recorded as NOK 43,000 (just over £3,000) compared with a loss of NOK 9.4m (£706,800) in the same period…
Read MoreFire destroys large processing plant in Chile
A large salmon processing plant in southern Chile has been severely damaged by fire. The site, near the city of Punta Arenas, employs several hundred people and belongs to Entrevientos, which is owned in turn by the aquaculture companies Blumar and Multiexport Foods, also known as Multi X. Large flames followed by a huge pall…
Read MoreSeawork 2024 focuses on costs and carbon footprint
The conference programme at Seawork 2024, the leading event for workboats and working vessels, will have cutting operating costs and reducing carbon emissions as its key themes. The landmark 25th anniversary edition of Seawork takes place over 11-13 June 2024 with Speed@Seawork Monday 10 June 2024 in Southampton, UK. This year’s conference will lead on “The Future Fuel Matrix &…
Read MorePhased introduction of SEPA’s Sea Lice Framework begins
The first phase of the Scottish Environment Protection Agency’s new Sea Lice Framework begins this month. The Framework outlines what SEPA describes as “a proportionate, evidence-based approach to protect young salmon from sea lice”. Built on international best practice and using cutting edge science to triage risk, it will help to support the sustainable development of fish farming in…
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