Icelandic investors snap up Optimar

High-tech aquaculture and processing business Optimar International has been acquired by Icelandic investment company Kaldbakur ehf.  Kaldbakur has completed the purchase of all shares in the company from the previous owner, German investment firm Franz Haniel & Cie. GmbH, for an undisclosed sum. Based in Ålesund, Norway, and with offices in Norway, Spain, Romania, and…

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Arctic Fish hits 2023 record despite escape crisis

Iceland’s Arctic Fish produced an operational profit or EBIT of €3.2 million (£2.7m) in 2023, the first full year under Mowi ownership. This was in spite of serious escape issues during the summer which led to a backlash in Iceland against open pen salmon farming. The company said the financial biological performance improved somewhat after…

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Fishing town facing new eruption threat

The Icelandic fishing and aquaculture port of Grindavik is facing more problems today following renewed volcanic activity in the area. Molten rock has erupted across the area causing further evacuation and the shutdown of any meaningful industry. Observers saw a further spectacular eruption on the Reykjanes Peninsula, spreading across a near two-mile wide fissure near…

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Iceland PM takes over responsibility for fish farm reform

Iceland’s Prime Minister, Katrin Jakobsdottir, has taken over temporary responsibility for the reform of the country’s aquaculture industry and general fishing responsibilities. The move comes after the Food Minister Svandis Svavarsdottir, the person normally in charge of these issues, revealed she has breast cancer and is taking indefinite leave. The Prime Minister (pictured, above) said:…

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Geo Salmo’s new land farm finally breaks the ice

Icelandic company Geo Salmo has finally broken ground on its state of the art hybrid flow-through farm in the south west of the country. Amid sub-zero temperatures, the company carried out a start of construction ceremony at the site west of Þorlákshöfn which is not too far from the town of Grindavik, currently hit by a…

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Mowi Scotland’s Q4 harvest unchanged at 10,500 tonnes

Mowi Scotland harvested 10,500 tonnes of salmon in the final quarter of 2023. The figure was unchanged from the equivalent quarter the year before but the operation produced a loss, a trading update from the company today shows. Globally, Mowi – the world’s largest salmon farmer – produced 129,000 tonnes during the period and a…

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Arnarlax received BRC AA plus grade

The Icelandic salmon farming company Arnarlax has received an AA plus grade in the all important BRC (British Retail Consortium) certification. The certification is recognised by supermarkets and large organisations as proof that high food safety standards are in place and that a food company is safe to supply. BRC certification is also approved by the…

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Iceland’s salmon farmers face new tax rise

Salmon farmers in Iceland will be paying appreciably more in taxes this year, the Reykjavik government has ruled. The aquaculture ”fee” rises from 3.5% to 4.3% although an original Ministry of Finance proposal for a 5% rise was rejected. The government, which decided before Christmas to increase the rate, believes that the new rates will…

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