News
Strong Q2 performance from SalMar
SALMAR today became the latest Norwegian salmon farming company to report solid results for the second quarter of 2018, with revenues of 2.9 billion NOK, broadly in line with the same period last year. The overall EBIT or operating profit was NOK 878.6 million, compared to NOK 983 million in Q2 2017. The company, which…
Read MoreDrones to monitor water quality
SCIENTISTS from the University of Stirling have launched a project today using new technology to enhance the monitoring of water quality. Along with the Plymouth Marine Laboratory and colleagues from across Europe, they are testing cutting edge techniques as part of a €5 million scheme funded by the European Union’s Horizon 2020 programme. Around 20…
Read MoreGrieg plans higher growth as revenues rise
HIGHER earnings, profits and harvest figures during the second quarter of 2018 were unveiled by the Grieg Seafood Group today. Harvest totals came to 22,568 tonnes of salmon compared to 18,503 tonnes in Q2 2017, an increase of around 22 per cent. Grieg said the average realised price was down by NOK 3.21 per kg,…
Read MoreLerøy reports record half-year turnover
THE Lerøy Seafood Group, one of the few companies with a significant combined salmon farming and conventional fishing business, today announced impressive second quarter results for this year. The company, which owns 50 per cent of Scottish Sea Farms, reported total revenues of NOK 5,042 million (£465 million), compared to NOK 4,224 million (£389 million)…
Read MoreVolumes down, costs up in MH Scotland
MARINE Harvest today announced a strong performance for the second quarter of this year, with an operating profit or EBIT (earnings before interest and tax) of €175 million. But there was a ‘significant decrease’ in harvest volumes in Scotland and biological costs were up 33 per cent compared to the same period last year. The…
Read MoreFishermen flag up strong Brexit deal
THOUSANDS of flags and stickers are appearing at fishing ports across the UK with the Brexit message ‘No Sell-Out’, as withdrawal negotiations with the EU edge towards a critical stage. UK fishing groups hope the move will encourage British negotiators to stand firm against pressure from Brussels to maintain the status quo on access and…
Read MoreBakkafrost invests £360m in future
BAKKAFROST, the big Faroese salmon farming company, today unveiled plans to invest at least three billion Danish kroners (about £360 million) in its operations over the next five years. The announcement came as the company announced its results for the second quarter, which were described by CEO Regin Jacobsen as good despite a fall in…
Read MoreSalmon company up for two awards
THE Scottish Salmon Company has been shortlisted in two categories at the Highlands and Islands Food and Drink Awards. The business, which has been acknowledged for its achievements in export and sustainability, is one of 44 companies to have been shortlisted for awards across 14 categories. Held in association with Highlands and Islands Enterprise, the…
Read MoreInshore men’s voice to be heard
THE future of Scotland’s fishing industry will be discussed by inshore fishermen at the fifth Scottish Inshore Fisheries Conference (SIFC), being held in Inverness on October 5. The organisers are confident that, with Brexit on the horizon, delegates from a cross-section of inshore fishing interests will take the opportunity to air their views. Fergus Ewing,…
Read MoreScots seafood firms fly the flag in Japan
SCOTLAND’S biggest seafood companies are in Tokyo this week to help promote international exports, which rose 23 per cent last year to £944 million. Salmon farmers such as Marine Harvest and the Scottish Salmon Company are attending the Japan Seafood Expo 2018, which runs from August 22-24. The firms represent the largest Scottish delegation yet…
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