News
US salmon probe shakes Oslo shares
SEAFOOD shares on the Oslo Stock Exchange dropped sharply yesterday after it was revealed that three of Norway’s largest salmon companies are facing a United States criminal investigation over allegations of price fixing on the Atlantic salmon market. The companies, Mowi, SalMar and Grieg Seafood, have been handed subpoenas by the US Department of Justice.…
Read MoreChristmas demand pushes up salmon prices
SALMON prices have risen sharply over the past week, suggesting that the slump which hit the industry this summer may now be over. According to Statistics Norway on Friday, the export price for fresh salmon was NOK 54.48 per kilo or £4.63 – an increase of 2.8 per cent on the previous week. But in…
Read MoreLerøy reports new Scottish RAS facility on track
LERØY Seafood said today that the new Barcaldine RAS facility at its Scottish Sea Farms operation was on track, with fish moving through the site and the first release of smolt having taken place this autumn. But like SalMar yesterday, its co-partner in Scotland, it reports that biological challenges were continuing to impact on growth…
Read MoreSalmon farms cut antibiotic use by 60%
THE use of antibiotics in salmon farming in the UK has fallen 60 per cent, according to a new report by the Responsible Use of Medicines in Agriculture Alliance (RUMA). The salmon sector used 1,011.3 kilograms in 2018, a decrease based primarily on a reduction in the number of treatments required in the seawater phase…
Read MoreScottish Sea Farms Q3 results disappoint SalMar
SALMAR’S Scotland operations, which it shares with Lerøy Seafood, produced disappointing results this summer, the salmon farming giant’s third quarter results show today. Although Scottish Sea Farms, or Norskott Havbruk as the company calls it, generated operating revenues of NOK 629.5 million, up from NOK 547 million during the third quarter last year, expectations were…
Read MoreNew Mowi chief predicts tax plan will be scrapped
THE new chief executive of Mowi has predicted that Norwegian plans for a controversial salmon tax will eventually be rejected. Ivan Vindheim, who took over the helm from Alf Helge Aarskog this week, said the proposal would have a devastating effect on salmon farming in Norway and, for this reason, he did not believe politicians…
Read MoreSalmon farmer tackles gill health with £1.9m workboat
SCOTTISH Sea Farms is improving its response time to gill health issues with a new, purpose built workboat. The £1.9 million Fair Isle will service the salmon farmer’s more northerly regions, delivering veterinary treatment. The company’s existing workboat, the Sally Ann, will be deployed at Scottish Sea Farms’ mainland operations. SSF head of welfare Dr…
Read MoreAqua-Spark puts money into Ace projects
DUNDEE firm Ace Aquatec has won the backing of the international aquaculture fund Aqua-Spark. The Dutch based investor has an ethos of supporting sustainable projects and companies as part of its global goal for a healthier industry. Co-founders Amy Novogratz and Mike Velings said: ‘Ace Aquatec\’s focus on developing technologies for responsible farming is paramount…
Read MoreMowi opens feed mill to public
Mowi Scotland invited local people to visit its feed plant at Kyleakin on Skye over the weekend to provide an insight into how the mill operates. About 50 visitors attended the open day on Saturday, held at the Kyleakin Connections centre near the Mowi facility, with a minibus running tours to the factory. Claes Jonermark,…
Read MoreNorway Royal Salmon reports mixed Q3 results
SUBSTANTIALLY higher harvests helped Norway Royal Salmon lift its overall operating profit, or EBIT, during the third quarter of this year. Post tax profits, however, were well down. The company today reported an operational EBIT of 131 million kroner for the July to September period, compared with NOK 34 million a year ago, when the…
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