Posts Tagged ‘Arctic Offshore Farming’
Aker Solutions signs up to offshore project
Aker Solutions has signed a contract with Arctic Offshore Farming, a subsidiary of Norway Royal Salmon, to help deliver an ambitious ocean-based fish farm project. The contract is worth NOK 40 million (£3.4 million). Aker Solutions says it has identified fish farming as a market with several interesting prospects and, together with NRS, it has…
Read MoreArctic Offshore project secures state funding
Norway Royal Salmon is to receive NOK 800 million (£68m) in state guarantees from towards the construction of its futuristic offshore submersible fish farm and hatchery, Arctic Offshore Farming. The loan assurance has come from the Guarantee Institute for Export Credit, commonly known in Norway as Giek, an organisation which reduces the risk for businesses…
Read MoreNorway Royal Salmon reports mixed Q3 results
SUBSTANTIALLY higher harvests helped Norway Royal Salmon lift its overall operating profit, or EBIT, during the third quarter of this year. Post tax profits, however, were well down. The company today reported an operational EBIT of 131 million kroner for the July to September period, compared with NOK 34 million a year ago, when the…
Read MoreGo ahead for joint offshore farm
TWO of Norway\’s leading salmon farming companies have been given the go ahead to expand their activities in the northern area of the country. The Directorate of Fisheries has granted a number of offshore development permits to Norway Royal Salmon and Aker, which are collaborating on a joint project in the Troms area of Finnmark. The development, which…
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