News
Krucial raises a further $3.7m for growth
Comms company Krucial, which uses satellite technology to bring connectivity to remote locations, has secured further funding of more than US $3.7m (£2.96m) to help the business grow. Krucial uses Internet of Things and space-based technology to provide secure digital links for sites were cellular communications are unreliable or non-existent. It has developed a package,…
Read MoreSalmon tax parties suffer heavy defeats in Norway’s local elections
Norway’s Labour and Centre parties, the coalition government architects of the controversial salmon tax, both suffered heavy defeats in the country’s regional elections yesterday. With results from 357 councils declared, Labour’s share of the vote plunged to 21.9% while the Conservatives became the largest party on 25.9%. The Conservative leader Erna Solberg has pledged to…
Read MoreIce Fish Farm CEO signals he wants to step back
Guðmundur Gíslason, the CEO of Ice Fish Farm, has given notice to the board of directors, that he wants to resign his position to further focus on developing the company’s future sales strategy. Gíslason has headed the Icelandic company from its early stages and through to a period of strong growth. He told the board:…
Read MoreKingfish Company reports solid half year progress
The Kingfish Company, the pioneering land based yellowtail producer, achieved strong growth and continuing financial improvement during the first six months of this year. Its half year results show a 31% increase in revenue along with higher production. CEO Vincent Erenst said: “Our financial results for the first half of 2023 are marked by key…
Read MoreKames Community Fund helps refurbish local museum
Steelhead trout producer Kames Fish Farming has celebrated the reopening last week of a local museum the company has helped to refurbish. Kames donated £2,500 to the Kilmartin Museum, at Lochgilphead in Argyll. The museum displays ancient artefacts close to the sites where they were discovered, including some of Scotland’s earliest examples of Beaker pottery,…
Read MoreSalMar and Nippon Gases in waste heat deal
Nippon Gases and the SalMar subsidiary SalMar Settefisk have entered into an agreement to use waste heat in aquaculture. They said this sustainable collaboration underlines both companies’ commitment to green initiatives and the circular economy. The deal involves two facilities located side by side on the Tjuin industrial area, near Steinkjer in central Norway. Nippon Gases…
Read MoreGigante Salmon’s land farm costs jump by £15m
Gigante Salmon’s new land based salmon farm at Rødøy, in Norway’s Nordland, is going to cost around NOK 200 million (£15m) more than originally planned, the company has reported. The news led to a 14% drop in Gigante’s share price on the Oslo Euronext Growth exchange yesterday. The company said a stock exchange statement: “After…
Read MoreLey-Wilson joins SAIC as Riddle steps down
Fish farming expert Ed Ley-Wilson is joining the Sustainable Aquaculture Innovation Centre (SAIC) in the newly created role of Director of Innovation and Business Development. Meanwhile, SAIC’s Director of Innovation and Engagement, Sarah Riddle, is leaving after three years with the organisation, to focus on her family business, Northern Light Consulting. Ley-Wilson was most recently…
Read MoreSSF chief unveils strategy to tackle mortalities
Scottish Sea Farms yesterday spelled out the measures it is taking to combat the issues which have dogged its operations over the past couple of years, mostly caused by the exceptionally hot dry weather in 2022 and a resulting rise in sea temperatures. These extraordinary environmental conditions led to a number of biological problems, higher…
Read MoreMåsøval appoints new CFO
Norwegian salmon producer Måsøval has announced the appointment of the highly experienced Anders Hagestande as its new Chief Financial Officer. Previously he held similar positions with the salmon companies Blue Resource Group (formerly Villa Seafood) which has operations in Norway, Scotland and the US and with Bjørøya AS of Norway. Holding a degree in economics,…
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