Posts Tagged ‘Leroy Seafood’
Power plants ‘may have caused algae outbreak’
THE algae bloom outbreak which cost several Norwegian salmon farming companies dearly this year was partly caused by hydro-electric power plants in the area, a leading marine scientist has claimed. Millions of fish worth at least 2.5 billion kroner were lost during May and June in what was described as the worst algae attack for…
Read MoreSalMar earns lower profits from Scotland
SALMON farming giants SalMar posted impressive second quarter operating profits of almost a billion kroner, but there were lacklustre results from its Scottish Sea Farms business which it shares with Lerøy Seafood. Scottish Sea Farms (SSF), or Norskott Havbruk as it is called in Norway, generated operating revenues of NOK 407.4 million (£37 million) during…
Read MoreDemand strong but costs high: Lerøy
LERØY Seafood Group, co-owners of Scottish Sea Farms, has said in its 2018 annual report today that it expects good underlying demand for seafood but costs are still too high. Despite a two per cent decline in the harvest volumes forecast, the actual figure was up from 173,200 tonnes in 2017 to 175,800 tonnes. Revenues…
Read MoreSalMar upbeat about Scottish Sea Farms
NORWEGIAN fish farming giant SalMar said 2018 had been a good year for Scottish Sea Farms, the UK business it part owns with Lerøy Seafood. In its annual report, SalMar reveals that Scottish Sea Farms generated operating revenues of NOK 2,057 million (£183.4 million) last year, compared with NOK 2,088 million (186.23 million) in 2017.…
Read MoreSalmon farmers a good bet, says bank
A LEADING Nordic financial institution has said it expects salmon farming companies to continue to show an increase in earnings this year. Danske Banke, which is Danish owned and has operations in at least 16 countries, believes prices are expected to rise or at least remain stable this year and this means salmon stocks constituted…
Read MoreEU raids cost salmon firms millions
ALMOST seven billion kroner (about £625 million) has been wiped off the value of a number of Norwegian salmon farming companies following a series of inspections by EU officials in Scotland and the Netherland last week. The Seafood Index on the Oslo Stock Exchange has taken a huge hit during the last few days, with…
Read MoreDevastating fire at Leroy hatchery
LEROY Seafood, the world’s second largest salmon and trout farming group, has lost 2.6 million young fish after a fire at a major salmon hatchery in northern Norway, the Financial Times reported today. The group, which is listed on the Oslo Stock Exchange, said on Monday morning that an employee of a subcontractor that was…
Read MoreSalmon firms moving into white fish
MORE aquaculture companies are predicted to expand into the cod and haddock business over the next year or two, following a major purchase by a Norwegian salmon business trio this week. The consortium was led by Coast Seafood, one of the world’s largest independent salmon and trout sales firms, and joined by Brødrene Karlsen and…
Read MoreNorway urged to process more of its fish
NORWEGIAN fishing and salmon farming companies are facing growing demands to process more of the fish produce at home. Part of the crusade is environmentally based and part is on economic grounds because changing tactics would not only reduce the carbon footprint, but it would create hundreds of local jobs. In Britain, the practice is…
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