Posts Tagged ‘Canada’
Nova Scotia PM speaks out against Cooke fish farm plan
Nova Scotia Prime Minister Tim Houston (pictured) has come out firmly against Cooke Seafoods’ plan to expand its Liverpool Bay salmon facility. In February he had already expressed his reservations about the project. Houston has now come off the fence, to say he will directly oppose it because it would mean a large increase in…
Read MoreTenacibaculosis – an alternative approach
The Center for Aquaculture Technologies Canada has launched a tenacibaculosis model to assist farms in combating growing disease challenges In 2023, the Norwegian salmon industry experienced the loss of 62.7 million Atlantic salmon before they reached market size, marking an increase in mortality by 6 million salmon from the previous year. The largest contributors to…
Read MoreBrighter Q1 results from Grieg Seafood and Salmon Evolution
Two Norwegian salmon companies, Grieg Seafood and Salmon Evolution, have published encouraging 2024 first quarter trading updates. The Grieg output is up by more than 30% on a year ago and totals approximately 21,000 tonnes against 15,350 tonnes 12 months ago. The main reason for the improvement is that British Columbia is now back in…
Read MoreFormer Mowi CEO set to join Bakkafrost board
Former Mowi CEO Alf-Helge Aarskog looks set to join the board of Faroes salmon producer Bakkafrost. The notice for Bakkafrost’s annual general meeting, which is due to take place on 30 April, includes his name on the list of directors submitted for election. Apart from Aarskog, all the others are existing board members up for…
Read MoreCooke Aquaculture included on ‘Top Employers’ list
Cooke Aquaculture has been named as one of Atlantic Canada’s Top Employers for 2024. The company, which also has a large salmon farming business in Scotland, has won plaudits for the way its treats staff and builds strong communities. Kristina Leung, managing editor at Mediacorp, organisers of the annual Canada’s Top 100 Employers competition, said:…
Read MoreFilm star DiCaprio joins anti-farm campaign, faces backlash
A-list Hollywood actor Leonardo DiCaprio has become the latest celebrity to come out against open net pen fish farming in British Columbia – but his stance has sparked a backlash from indigenous groups who want to save the industry. The star of many hit movies including Titanic and The Great Gatsby (pictured, photo by Siebbi)…
Read MoreAquaBounty sees increased revenue – and losses – for Q4
Land-based salmon farmer AquaBounty Technologies has reported a year-on-year revenue increase of 23% for the last quarter of 2023, but the period also saw losses growing. AquaBounty has developed a genetically modified (GM) strain of salmon, aimed at faster growth and suitability for farming in RAS (recirculating aquaculture systems) facilities. For Q4, the company recorded…
Read MoreUS $20.75m cash injection for Poseidon Ocean Systems
Poseidon Ocean Systems, the Canadian company behind the Trident sea cage system, has completed a US $20.75m (£16.3m) capital raising exercise. The Series B funding round was led by Ecosystem Integrity Fund (EIF) and joined by InBC Investment Corp., along with additional investment support from one of Poseidon’s existing shareholders, Export Development Canada. Poseidon said…
Read MoreCanadian seafood giant invests in cod farmer
High Liner Foods, one of North America’s leading seafood companies, has bought a stake in the Norwegian cod farmer, Norcod. The move is an interesting one, because the big Canadian company has not previously been directly involved with aquaculture. High Liner is mainly a marketer and a processor of value-added frozen seafood, with several retail…
Read MoreGrieg Q4 rocked by spiro, jellyfish and winter sores
Grieg Seafood is the latest Norwegian salmon farmer to report biological and jellyfish issues during the final quarter of 2023. The company, which was big in Scotland until three years ago, but now concentrates on Norway and Canada, recorded an operational (EBIT) loss of NOK 67 million (around £5m) against an operational profit of NOK…
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