News
Andfjord Salmon completes first harvest
Norwegian land based fish farmer company Andfjord Salmon has carried out its first slaughter but, like many young salmon businesses, it is still finding that profits remain elusive. The company has achieved a third quarter operating income of NOK 27.7m (around £2m) but has reported a loss of NOK 28.2m or just over £2m) against…
Read MoreMowi wins planning approval for Kilbrannan Sound farm
Mowi Scotland has secured planning approval for a new salmon farm off the coast of Kintyre, on Scotland’s west coast. The farm, at Kilbrannan Sound, is expected to create 10 permanent jobs and is also linked to a major investment by Mowi in the local community harbour in Carradale. The company’s investment will see the…
Read MoreSalMar loses salmon in jellyfish attack
Around a million young salmon have been lost at a SalMar site in Senja, Norway during a jellyfish incident, it has been disclosed. SalMar said in a statement last night that in mid-November its fish farmers at the location Ørnfjordbotn in Senja observed a significant and threatening influx of (what are known in Norway as)…
Read MoreOcean Ecology acquires Tritonia Scientific
Marine environmental services business Ocean Ecology Limited (OEL) has taken a controlling stake in underwater survey specialist Tritonia Scientific. The move follows OEL’s acquisition of marine tech company Ecospan Environmental last year. Tritonia’s key technology involves using georeferenced 3D photogrammetry (G3DP) to evaluate hard substrates beneath and around fish farm sites. G3DP also serves as…
Read MoreYoung’s profits hit by inflation
Inflation took a big chunk out of the profits of Young’s Seafood last year, the company’s latest accounts show. Turnover increased substantially during the 52 week period ended 27 March 2023, with Young’s recording £625.9m, compared with £552m for the equivalent period in 2022 (although the latter covered just 51 weeks). Profit after tax, however, was just £4.7m against…
Read MoreProducers must do better, says welfare group
Animal welfare campaign group Compassion in World Farming has published a “scorecard” rating the major salmon farmers on their performance – and it argues there is still “a long way to go”. The Scorecard has evaluated the public policies of eight salmon producers, representing more than 50% of worldwide salmon production, in terms of their…
Read MoreSalmon even more popular with UK consumers, data shows
Salmon’s position as the UK’s favourite seafood has been further strengthened, the latest retail figures show. Sales figures for the year to September 2023 compiled by industry authority Seafish, with marketing group Nielsen, reveal that salmon sales totalled around £1.25bn, up 3.2% on the same period last year. Salmon accounted for around 30% of total…
Read MoreBakkafrost salmon hitches ride on ‘sustainable’ flight
Yesterday a Virgin Atlantic plane carried out the first transatlantic flight fuelled entirely by sustainable aviation fuel – and it was carrying a cargo of salmon from the Faroe Islands. The consignment of fresh salmon came from Faroese producer Bakkafrost, which said its participation in the flight was part of the company’s commitment to reducing…
Read MoreGrieg signs new smolt plant construction deal
Grieg Seafood has signed a deal with the construction company Consto, which will be building a new smolt plant for Grieg in Norway’s Finnmark region. Consto said it has been awarded the overall contract for the project and will be responsible for the construction technical delivery as well as the coordination of all performing professional…
Read MoreMarel rejects US takeover attempt
Icelandic seafood and food equipment manufacturer Marel has rejected takeover overtures from the US business John Bean Technologies (JBT). The Chicago-based company had offered to buy Marel for around US $2.6 billion (about £2bn) – or around $3.40 per share (£2.68). The Marel board has not ruled out accepting a better offer in future, however.…
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