News
Record Aqua Nor marks its 40th anniversary
THE opening day of Aqua Nor 2019 attracted nearly 7,000 visitors, an increase on the first day attendance two years ago at the biennial exhibition. Some 6,952 visitors from 59 countries were registered yesterday, and record numbers are expected during the course of the four-day show. With a brand new hall at the Trondheim Spektrum,…
Read MoreAlgae outbreak hits Lerøy Q2 results
THE Lerøy Seafood Group, co-owners of Scottish Sea Farms, today announced higher earnings, but lower profits for the 2019 second quarter period . Revenues were up six per cent and totalled NOK 5,340 million, compared to NOK 5,042 million for the same period in 2018. Operating profit (EBIT) before fair value adjustment related to biological assets came out at NOK 774 million,…
Read MoreGrieg hints at sale of Skye farms
The Grieg Seafood Group may sell its five fish farms on Skye, the company indicated in a surprise statement today. Announcing a review with its second quarter results, CEO Andreas Kvame said: ‘While we still have some challenges related to gill disease and algae in Shetland, the biological condition is improving. ‘We continue to work systematically…
Read MoreScottish political parties ‘united behind salmon sector\’
THE Scottish salmon sector has the backing of all the parties in the Scottish parliament, following the two inquiries held into the industry last year. Fergus Ewing, Scotland’s Rural Economy minister, said the upshot of the committee investigations into the further growth of salmon farming was that all parties ‘together united in support behind the…
Read MoreScottish political parties ‘united behind salmon sector\’
THE Scottish salmon sector has the backing of all the parties in the Scottish parliament, following the two inquiries held into the industry last year. Fergus Ewing, Scotland’s Rural Economy minister, said the upshot of the committee investigations into the further growth of salmon farming was that all parties ‘together united in support behind the…
Read MoreAwards Treat as Scottish firm scoops top prize
SCOTTISH innovation was celebrated on the opening day of the world’s number one aquaculture show, when Edinburgh based Benchmark won the prestigious Aqua Nor Innovation Award this morning. The company picked up the accolade – along with a cheque for 100,000 kroner – for its breakthrough sea lice treatment system, CleanTreat, which cleanses treatment water…
Read MoreBakkafrost reports sea lice fight success
THE Bakkafrost group disclosed today that its policy of using non-medical methods was achieving considerable success in the fight against sea lice. As the Faroese salmon farmer unveiled its second quarter results for 2019, chief executive Regin Jacobsen told investors that there were clear indications that its large smolt strategy, together with the use of…
Read MoreLoch Fyne chain sold to Hong Kong
THE Greene King pub and brewing company, which owns the Loch Fyne seafood restaurant chain, has been sold to a Hong Kong based conglomerate in a deal worth a total of £4.6 billion. CK Asset Holdings, founded by Hong Kong\’s richest man, Li Ka-shing, will pay £2.7 billion for the 220-year-old business and take on its…
Read MoreSalmon companies a safe bet, troubled investors told
INVESTORS are being urged to turn to salmon companies as a safe haven amid the current global stock market turmoil. Shares around the world slumped last week over concerns about a US-China trade war and fears of another major recession. However, the seafood index on the Oslo stock market has been bucking the trend, rising by…
Read MoreBenchmark Holdings founder to step down
MALCOLM Pye, the chief executive and founder of the Yorkshire aquaculture health, nutrition and genetics business Benchmark Holdings has announced he intends to step down from the post this autumn. However, he has said he plans to continue with the business as a non executive director. Pye has told the board that he taken the…
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