News
Cermaq names constructor for NOK 850m smolt plant
Cermaq has awarded the construction contract for its new £64m (NOK 850m) RAS plant at Sørøya, near the North Cape of Norway. The established and highly experienced turnkey company Total Betong has been selected to carry out this major RAS (recirculating aquaculture system) project in one of the most northerly parts of the country. The move…
Read MoreArnarlax parent lists on Iceland Nasdaq
Icelandic Salmon, the parent company of Arnarlax, has been listed on Iceland’s Nasdaq First North Stock Market for the first time, with a value of around ISK 71bn (almost £420m). The company, in which the Norwegian salmon giant SalMar has a majority stake, had previously been listed on Norway’s Euronext Growth market. The opening price…
Read MoreIceland’s anglers set for anti-fish farming rally
Iceland’s sports fishing organisations are planning a mass protest against open pen salmon farming this weekend. They have issued a rallying calls to members and anti-fish farm activists to gather in the capital, Reykjavik, on Saturday. The protest is largely in response to a large salmon escape from an Arctic Fish farm in August, but…
Read MoreThistle Seafoods optimistic despite profit slump
Despite a big drop in profits last year, the Scottish company Thistle Seafoods has issued an upbeat assessment on future prospects for the business. Profits were down by 90% from £3.3m in 2021 to £303,000 during the year, largely due to higher raw material costs and external factors. Thistle bought the Dawnfresh factory at Uddingston near Glasgow…
Read MoreMowi plans new wave of TV ads
Salmon producer Mowi will be rolling out a new primetime TV advertising campaign from 9 October. Dedicated to generating more desire for salmon and supporting Mowi stockists, the “Lingo” campaign will further raise awareness of the Mowi brand and ways to enjoy it. With primetime spots across many channels including ITV, Channel 4, Channel 5…
Read MoreInverlussa adds two catamarans to its fleet
Inverlussa Marine Services has taken delivery of Charlie Knight, an 18.5m by 12m CoastCat service catamaran, built by Salthammer shipyard in Norway. Charlie Knight is a state-of-the-art DP0 hybrid diesel-electric service vessel, fully classed to DNV (the world’s leading maritime classification body) with a strong focus on lowering emissions and increasing crew safety, especially when…
Read MoreMowi Ireland closes secondary processing unit
Salmon giant Mowi has closed a processing unit at its Irish headquarters in Donegal, with the loss of 33 jobs. The redundancy programme, which was announced with a consultation programme in May this year, affects the secondary processing unit at the facility. Mowi has now ceased secondary processing in Ireland, with fillets and portions now…
Read MoreNew salmon processing plant opens in Bergen
A new salmon processing factory has opened in Bergen, Norway to meet growing export demand. The company behind the project is First Seafood, which is part of the larger Insula group and, until recently, had been used by that group to produce fish cakes. Insula’s parent company is Kverva, the investment vehicle set up by…
Read MoreGael Force, Ferguson among winners at the Highland Business Awards
Suppliers to the aquaculture sector were among the winners at the Highland Business Awards, held in Inverness on Friday. Jacques Huysamer of marine engineering and support business Gael Force Group was named as Young Employee of the Year, while Alasdair Ferguson, Group Managing Director of Ferguson Transport & Shipping, was the winner of the Business…
Read MoreFrøy reorganises for growth
Wellboat supplier and aquaculture support company Frøy is strengthening its onshore organisation and support functions, following the group’s sale to international investment group Goldman Sachs Asset Management. SalMar sold Frøy to Goldman Sachs for £482m in June of this year. Managing director Tonje Foss said Frøy is experiencing a growing number of assignments, with more vessels…
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