Chilean salmon farmer in debt default
The large Chilean salmon company Nova Austral has admitted it is in debt default after grappling with various financial problems. So far, a plea for patience from bondholders has met […] Continue Reading
Salmones Camanchaca lifts profits, cuts costs in Q2
Chile’s largest salmon farming company, Salmones Camanchaca, has unveiled a double second quarter boost in higher earnings and lower costs. Like most other global salmon producers, it has benefitted from […] Continue Reading
Chilean salmon giant sees revenues and profits soar
Chilean salmon farmer Salmones Camanchaca, which was hit by two major algal attacks last year, has reported a strong end to 2021 with harvests and revenues well up. Thanks to […] Continue Reading
Armed robbers hold up £100k salmon truck
A truck carrying salmon worth more than £100,000 was held up by armed robbers in Chile over the Christmas holiday in a modern scene reminiscent of the old Wild West. […] Continue Reading
New president poses risk for Chile’s salmon farmers
Chile’s salmon farmers face an uncertain future following the victory this week of Gabriel Boric as the country’s new left-wing president. The 35-year-old former student protest leader was openly hostile […] Continue Reading
Ocean Ark ‘super farm’ moves ahead
Plans for a massive fish farming vessel – the Ocean Ark – have received approval in principle from RINA, the marine classification society. The go-head means the order to build […] Continue Reading
Algal blooms cost Camanchaca $12m
The algal bloom attack which struck Chile in March cost Salmones Camanchaca, one of the country’s largest salmon farming companies, at least $12m (£8.52m). The company, publishing its 2021 first […] Continue Reading
Hydroniq wins wellboat cooler contract
Hydroniq Coolers has been awarded a contract to supply the marine cooling system for a wellboat that shipbuilder Larsnes Mek Verksted AS is constructing for a Chilean customer. The wellboat, […] Continue Reading
Chilean farmers’ algal bloom losses double
Losses from the toxic algae outbreak in Chile have almost doubled in the past week, the latest figures suggest. The Chilean Undersecretariat for Fisheries and Aquaculture said more than 4,200 […] Continue Reading