WWF hails ‘sustainability example’ of salmon farmers

THE World Wildlife Fund (WWF) has recognised the positive impact on sustainability made by the Global Salmon Initiative (GSI), a group which represents 50 per cent of the world’s farmed salmon production. In an article, published on its website, the WWF acknowledges how the salmon producers’ model of pre-competitive collaboration has helped transform the industry…

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Everyone should own salmon shares says analyst

THE salmon farming sector can look forward to a better year in 2020, a leading Norwegian investment analyst has predicted. And Tore Tønseth, at Spare Bank 1 Markets, is also urging everyone to buy shares in salmon companies. In an interview with the Oslo business newspaper and website Finansavisen, he said the last few months…

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Norway salmon firms face 40 per cent tax hit

NORWAY’S fish farming companies face the unpalatable prospect of a new 40 per cent basic tax rate on their profits. That is the main majority recommendation from the special committee chaired by economics professor Karen Helene Ulltveit-Moe as she presented her plans this morning. The decision of the committee, which was set up last year…

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SSC suitors ‘could come from outside industry’

BIDS for the Scottish Salmon Company could come from outside the industry, a leading Norwegian seafood analyst has suggested. As speculation continues to mount, Carl-Emil Kjølås Johannessen, who works for the Nordic financial services company Pareto, said there could be a number of potential buyers for the business, but ruled out Mowi as he believes…

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Top salmon farmer denies price fixing

MANY of Norway’s biggest salmon companies are being sued in the US over alleged price fixing, according to reports yesterday. The move follows raids by European Commission officials in February at the Scottish offices of Norwegian owned producers. Mowi, Leroy, SalMar, and Grieg are among those named in a class-action lawsuit alleging customers were harmed…

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Farmers in ‘Norwegian salmon’ probe

EUROPEAN Union officials visited several Norwegian owned salmon companies in Scotland yesterday to explore alleged anti-competitive behaviour in the sector, according to a report by Undercurrent News. Grieg, Mowi (formerly Marine Harvest) and Scottish Sea Farms were all subject to inspections, the report said. But there is some confusion over why Scottish producers were at…

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AKVA barges for Grieg growth in Canada

AKVA group is to supply Canadian salmon farmer Grieg NL with at least eight feed barges, as well as feed systems. Grieg recently won clearance to proceed with its planned $250 million project in the Placentia Bay area of Newfoundland, following an environmental review by the Supreme Court. The development is expected to create 250…

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