Posts Tagged ‘Faroe Islands’
Fjords, the Faroes and flying fish
For a small fish farming nation, this rocky archipelago punches above its weight, writes Robert Outram. Additional reporting: Vince McDonagh The Faroese Research establishment formerly known as Fiskaaling has a new name: Firum. To understand why, a brief lesson in the Faroese language is required. As Chief Executive Jóhanna Lava Køtlum explains, “fiskaaling” translates as…
Read MoreBakkafrost Scotland recovery continues into 2024
Bakkafrost says its Scottish arm is on a steady but positive road to recovery, despite the latest trading update which shows a year-on-year fall in production for this year’s first quarter. The Scotland division has reported a harvest of 7,300 tonnes for the January to March period. This compares to 8,100 tonnes a year earlier,…
Read MoreSector set for growth
Rabobank’s look ahead to 2024 suggests better days are coming for aquaculture producers, reports Vince McDonagh After a turbulent 2023, the aquaculture industry – and the salmon sector in particular – looks set to rebound next year, according to a report based on input from producers worldwide. What to expect in aquaculture in 2024, the…
Read MoreBakkafrost to postpone some slaughtering as profits drop
The Bakkafrost Group delivered a total operating EBIT or operating profit of 269 million Danish kroner (£31m) during the Q3 July to September period this year, down from DKK 325m (£37m) 12 months ago. With lower harvests from the Faroe Islands and problems in Scotland, the results were not unexpected, but the company has also…
Read MoreProducer’s switch from air freight slashed carbon emissions
Faroese salmon farmer Hiddenfjord says it has cut 200,000 tonnes of CO2 emissions since it decided to stop exporting salmon by air. The family-owned company has just celebrated the first anniversary since declaring it was moving exclusively to sea transport. On October 10 last year, Hiddenfjord stopped using all air freight, making the company the…
Read MoreJT Electric sparks deal to buy out Sterner UK
Faroes group JT Electric has acquired specialist fish farming equipment Sterner UK, for an undisclosed sum. The deal means the current management of Sterner UK will become shareholders in JT electric. Sterner UK is based in Scotland. Gregor Sutherland, Managing Director of Sterner UK, said: “JT electric operates worldwide and Sterner UK is delighted to…
Read MoreBakkafrost bullish on Q3 results
Faroese fish farmer Bakkafrost, owners of the Scottish Salmon Company, today announced a third quarter EBIT of 102.7 million Danish kroner (DKK) (£12m) during what has been a difficult period for salmon farmers. Comparisons with Q3 2019 do not apply this time because during that period SSC was not an integral part of the group.…
Read MoreBakkafrost reports Q1 loss despite SSC earnings boost
THE Scottish Salmon Company (SSC) helped Bakkafrost, its new owner, deliver a first quarter EBIT (earnings before interest and tax) of 248.1 million Danish kroner (£29-million) during the first three months of this year in what it describes as a \’challenging period due to Covid-19\’. The Faroese salmon farming company acquired SSC in a £500-million…
Read MoreBakkafrost saves unique salmon strain from extinction
BAKKAFROST has revealed it is working to save a strain of North Atlantic salmon unique to the Faroe Islands that was in danger of becoming extinct, in a move that is starting to deliver success.. Chief executive Regin Jacobsen has told shareholders that the operation stems from large scale investment at its farming and harvest…
Read MoreISA Tests Used In Faroese Covid-19 Fight
TESTS used to detect ISA (Infectious Salmon Anaemia) are being successfully used in the Faroe islands in the fight against Covid-19, it has been revealed. The results so far are encouraging, but not conclusive. ISA is a marine virus that can lead to disease in salmon (and, occasionally trout) and hits many fish farms from…
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