Posts Tagged ‘Iceland’
€100m growth related loan facility secured for Arnarlax
Icelandic Salmon has successfully secured a sustainably linked €100m (£87m) bank facility through its subsidiary Arnarlax. Chief financial officer Jónas Heiðar Birgisson said the facility will support the company’s growth strategy and enhance operational flexibility. It is also aimed at refinancing existing loans. The arrangement was carried out in collaboration with DNB, Danske Bank, and…
Read MoreLice infestation forces Iceland slaughter
Thousands of salmon in western Iceland have been prematurely slaughtered due to high lice numbers. The worst hit area is around Tálknafjördur in the southern Westfjord region. MAST, the Icelandic Veterinary Institute, reported two weeks ago that lice infestation in the area had increased to unprecedented levels and ordered special measures to be taken. Iceland’s main…
Read MoreIceland orders special measures to tackle rising lice numbers
Veterinary authorities in Iceland have ordered additional measures to be taken in the Westfjords region, its main salmon farming area, following reports of high numbers of sea lice. While Iceland has not been lice-free, the industry there has not suffered to the same degree as Norway, for example. But all that could be changing for…
Read MoreHigher Q3 harvest and profit for Mowi Scotland
Mowi today unveiled a 2023 third quarter record high harvest and an EBIT or operational profit of €203m (£177m) with Scotland showing a marked improvement on two fronts. In contrast, profits for the group as a whole were down on Q3 last year. Seafood analysts in Norway said the Mowi results were weaker than expected,…
Read MoreIceland’s fish farming regime facing radical shake-up
Iceland is planning to limit salmon farming to no more than one company per fjord. The proposal follows growing concern over escapes and comes as part of a draft report that also includes major changes to the fee charging and taxation system. The draft policy looks set to be be firmed up over the next…
Read MoreWill they buy this story?
Salmon farmers in Iceland are planning to market salmon grown on land-based farms, in water filtered through lava rocks and with minimal impact on the environment. It’s a great story but, Dr Martin Jaffa asks, is it one for which consumers are willing to pay a potentially hefty premium? Read the full article starting page…
Read MoreSamherji expands in Iceland
Iceland’s largest fishing company is working to further expand its plans to establish a large fish farming operation near the fishing town of Grindavik on the southern peninsula of Iceland. Samherji Fiskeldi ehf has prepared an environmental assessment plan to produce up 12,000 tonnes of Arctic char and salmon, a fourfold increase on what is…
Read MoreIceland farm site plan faces opposition
Plans to build a large salmon farm near the east Icelandic port of Seyðisfjörður are facing growing opposition. The main protests are coming from sports fishing organisations and a section of local inhabitants. The company, Fiskeldi Austfjörður, which is part of the Ice Fish Farm group, wants to produce up to 10,000 tonnes of fish…
Read MoreNorway Royal Salmon share deal paves way for Iceland tie-up
A larger and more powerful Icelandic salmon farming operation looks set to emerge following a financial restructuring in Oslo. The Norwegian transport and aquaculture services group NTS is increasing its stake in Norway Royal Salmon (NRS) after selling its shares in the company which owns the Icelandic salmon farmer Ice Fish Farm. In return, the…
Read MoreBoost for Iceland\’s aquaculture education
One of Iceland’s leading universities has received a major grant to help develop vocational training in aquaculture. The ISK 46 million award to the University of Akureyri in the north of the country has come from Erasmus +, a European Union programme set up to support education and training for young people. Although Iceland is…
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