Posts Tagged ‘algae outbreak’
Study finds shortcomings in handling algae attack
THE economic and social impact of the algae outbreak which hit two important Norwegian salmon farming areas last May was more severe than first thought, a report has suggested. It also says some aspects in tackling the problem were not handled well. The independent aquaculture and fisheries data provider Kontali, which has closely mapped and analysed the…
Read MoreNorway spells out algae loss recompense
NORWAY’S Directorate of Fisheries has laid out details of the compensation it is planning to give those fish farming companies who lost at least 720 million kroner – or £60 million – in the algae outbreak last May. The attack, the worst for almost 30 years, devastated several fish farms in the Nordland and Troms…
Read MoreWester Ross positive despite profit fall
WESTER Ross Fisheries, the independently owned salmon farming company, has reported a fall in profits and turnover for 2018, according to figures just posted with Companies House. No reason was given, but during high summer of 2018 the business suffered a ‘catastrophic’ fish loss caused by plankton which must have impacted on its financial performance.…
Read MoreNorway to help its algae hit salmon farmers
NORWEGIAN salmon farmers hit by last month’s algae outbreak are to be allowed to increase production beyond their permitted licence limits to help compensate for heavy losses. Several companies in the Nordland and Troms regions, including Nordlaks and Lerøy, lost a total of 13,000 tonnes, or some eight million salmon, during the five-week long outbreak,…
Read MoreNordlaks reports pre-tax profits of £110 million
THE Nordlaks group which was badly hit by the algae outbreak last month today announced pre-tax profits of 1.2 billion kroner, or around £110 million, on a turnover of NOK 3 billion (£278 million) for last year. CEO Eirik Welde described the performance as a ‘very good financial result’. He said: ‘We had somewhat lower…
Read MoreLower prices stall Norway salmon exports
EXPORTS of Norwegian salmon showed a modest increase last month despite the serious algae outbreak in two important fish farming regions. The country sold 91,000 tonnes of salmon during May to a value of 6.1 billion kroner, a volume increase of 14 per cent, but only a one per cent rise in value, with prices…
Read MoreLay-offs ‘inevitable’ in algae crisis
SEAFOOD Norway, the body which represents the country’s fishing and aquaculture industry, has warned there are likely to be serious economic consequences from the large algae outbreak which has devastated salmon farms in the Nordland and Troms regions. Around 13,000 tonnes, or eight million fish, worth more than two billion kroner have been lost in…
Read MoreAlgae outbreak costing Norway billions of kroner
NORWAY’S fisheries minister is to hold an urgent meeting with the salmon farming industry as it was disclosed losses from a major algae outbreak this week could reach more than two billion kroner – or around £200 million. The state broadcaster NRK said that nothing has been seen like it for decades and millions of…
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