News
Seafood Norway brands new tax plan ‘disappointing’
Employers’ organisation Seafood Norway has described the latest version of the country’s proposed salmon tax as “disappointing”. The Labour-Centre party coalition government secured a deal yesterday after the Liberals (Venstre) and the single seat Patient Focus party broke ranks with the main opposition parties and gave their approval to a reduced rate of 25%. The…
Read MoreBREAKING NEWS – Salmon tax deal is agreed
A dramatic late agreement appears to have been reached over the Norwegian government’s proposed salmon tax. The Labour-Centre coalition appears to have reached a deal over the salmon tax or “ground rent” tax with the Venstre (Liberal) Party and Patient Focus, which has just a single seat in the Norwegian Parliament. According to the financial news…
Read MoreBarramundi’s Australian arm goes into administration
The sale of Barramundi Group’s Australian fish farming business has fallen through because the prospective buyer was unable to raise sufficient capital, Barramundi has reported. In a stock exchange announcement yesterday, Barramundi said its Australian operations, managed under Marine Produce Australia Pty Ltd (MPA) had been placed into administration with a view to a complete…
Read MoreMortalities hit Ice Fish Farm harvests
Icelandic salmon producer Ice Fish Farm was unable to slaughter any fish during the first quarter of this year and is unlikely to produce a harvest during the current quarter, the company has reported. Ice Fish Farm says the problem is due to lower winter temperatures and high mortality resulting from biological issues. Slaughter will…
Read MoreCalls to postpone salmon tax gather momentum
Demands are growing for the Norwegian government to postpone its controversial salmon tax plan, as the situation threatens to end in chaos. The finance committee’s recommendations, which are still confidential, will be voted on by Norway’s parliament, the Storting, next Wednesday (31 May). The Labour-Centre coalition now faces a possible situation of recommending a policy…
Read MoreBC salmon farmers warn of “community devastation”
The Canadian government has been warned that many communities in British Columbia, including those of the First Nations, “face devastation” if coastal fish farms are forced to close. Up to 5,000 jobs and CA $1.2 billion (£0.7bn) could be lost, the BC Salmon Farmers Association has said. The warning has come in response from a…
Read MoreGrimsby RAS farm will be a world beater, says company
The proposed new RAS salmon farm in Grimsby, on England’s North Sea coast, will be one of the most technically advanced of its type, the company behind the project said yesterday. Neil Jamieson, director and founder of Aquacultured Seafood told Fish Farmer that there would be extensive use of artificial intelligence (AI) in its operation.…
Read MoreBenchmark sees revenues up 25% for H1
Aquaculture biotech group Benchmark saw its revenues for the six months to 31 March 2023 go up, year on year, by 25% to £98.9m. The period, the first half of the group’s current financial year, also saw a 39% increase in adjusted EBITDA to £22.1m (H1 FY22: £15.9m). Benchmark’s financial accounting pre-tax loss was cut…
Read MoreIceland’s fish farmers set up support group
Several leading Icelandic salmon farmers have come together to form a new industry group. The ten initial members include some of the biggest names in the business such as SalMar owned Arnarlax and Mowi’s Arctic Fish, Samherji and Benchmark Genetics Iceland. Called the Iceland Aquaculture and Oceans Forum or IAOF, its aim is to support…
Read MoreSalmon Evolution reports progress in tackling AGD
The land based fish farmer Salmon Evolution has said it is now getting on top of its biological problems. Last month the company reported increased mortality at its new Indre Harøy farm in Norway due to amoebic gill disease (AGD). It said in its first quarter report to the Oslo Stock Exchange today it had…
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