News
Chinese demand boosts Norway\’s salmon exports
RISING demand from Europe and China have helped push Norwegian salmon exports to new heights, figures from the country’s Seafood Council show today. Norway exported 506,000 tonnes of salmon worth NOK 34.6 billion during the first half of 2019, an increase on 2018 of five per cent in volume and six per cent, or NOK…
Read MoreNordlaks reports pre-tax profits of £110 million
THE Nordlaks group which was badly hit by the algae outbreak last month today announced pre-tax profits of 1.2 billion kroner, or around £110 million, on a turnover of NOK 3 billion (£278 million) for last year. CEO Eirik Welde described the performance as a ‘very good financial result’. He said: ‘We had somewhat lower…
Read MoreExpanding Rosyth sets new records
THE Consumer Products team at Mowi Scotland’s Rosyth factory celebrated its best month ever in May, with a 43 per cent increase in volume compared to the same period last year. Rosyth produced 8,900 tonnes, compared to 6,225 tonnes in May 2018, according to the July issue of Mowi’s newsletter, The Scoop. The team went…
Read MoreFirst Kyleakin feed delivered to Mowi farms
THE first batches of feed made at Mowi Scotland’s new plant at Kyleakin on Skye have been delivered to the company’s salmon farms on the west coast and the Hebrides. Two ships from Norway, Eidholm and Mikal With, have been dispatching the feed – Neptune Summer 200, 600, 1200 and 2500. Neptune 50 Adapt is…
Read MoreScotland to invest £2m in fish health
SCOTLAND’S aquaculture sector is to invest £2 million to further explore tools and techniques to improve fish health, it was announced today. The Scottish Aquaculture Innovation Centre (SAIC) confirmed funding for five new innovation projects which, with combined investment from industry and academia, will help deliver the Scottish government’s 10-year Farmed Fish Health Framework. Initiatives…
Read MoreYoung\’s Seafood sold in major deal
YOUNG’S Seafood has changed hands in a multi-million pound deal, it was announced today. Britain’s largest seafood business has been bought by CapVest, its former private equity owner, and will now become part of a multi-protein food group involving Karro, a leading UK pork processor. CapVest Partners said the new group has significant potential for…
Read MoreYoung\’s Seafood sold in major deal
YOUNG’S Seafood has changed hands in a multi-million pound deal, it was announced today. Britain’s largest seafood business has been bought by CapVest, its former private equity owner, and will now become part of a multi-protein food group involving Karro, a leading UK pork processor. CapVest Partners said the new group has significant potential for…
Read MoreIndustry pays tribute to Tavish as he bows out of politics
THE Scottish salmon industry has paid tribute to one of its staunchest champions, Tavish Scott, as he stands down from frontline politics. The former Liberal Democrat leader and MSP for the Shetlands was elected to the first parliament 20 years ago and has long celebrated the impact of aquaculture in his constituency and beyond. During…
Read MoreGoing to Trondheim? Book a space with SAIC
THE Scottish Aquaculture Innovation Centre (SAIC) has managed to secure a stand at Aqua Nor, the hugely over-subscribed aquaculture exhibition being held in Trondheim in August. But SAIC CEO Heather Jones said her organisation is ‘very active in supporting a Scottish mission to Aqua Nor’ and in the absence of a Scotland pavilion this year,…
Read MoreInvestors urged to back thriving Lerøy Seafood
INVESTORS are being urged by a leading global financial advice organisation to ‘run towards’ the Lerøy Seafood Group (LSG) , the big Norwegian salmon farming and fishing company. The advice, from financial technology company Simply Wall St, described Lerøy, which owns a half share in Scottish Sea Farms, as a business whose year on year…
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