Posts Tagged ‘Leroy’
Better days ahead for Scottish Sea Farms – Lerøy
THE Lerøy Seafood Group today predicted an improved outlook for its Scottish Sea Farms (SSF) operation which it shares with fellow Norwegian salmon farmer SalMar. Delivering its financial results for the final quarter of 2019, the company said costs are expected to decline in the current quarter when SSF’s new RAS facility at Barcaldine will…
Read MoreSalmon boss: tax plan may force me to sell
THE boss of one of Norway’s leading family owned fish farming businesses has said he is thinking of selling up because of growing frustrations over possible new taxes and regulations. Ola Braanaas, CEO and sole owner of the Firda Seafood Group, based near Bergen, recently vented his anger after the government published the final draft of its traffic light system.…
Read MoreOslo to face legal action over new salmon map
THE Norwegian government is expected to face legal challenges to its new salmon farming traffic light scheme from companies caught up in the red zones, it has emerged. Up to 140 businesses in the two red areas will be forced to cut back on production by up to six per cent or around 9,000 tonnes. Oslo has said it…
Read MoreRussian salmon set for global expansion
FISH farming in Russia is growing rapidly – and in one of the most sensitive parts of the world. Salmon and trout farms are springing up around the nuclear submarine and missile bases on the Kola Peninsula, next door to Norway. Ilja Sosnov, director of the biggest salmon company, Russian Aquaculture, has said that the…
Read MorePrice slump hits Norwegian salmon companies
THE stock market value of Norway’s main fish farming companies has suffered unusually large falls over the past week as the spot price of salmon continues to drop back. The combined worth, which included such giants as Mowi, SalMar and Lerøy, was down by 14 billion kroner (£1.2 billion) at one point, although the market did…
Read MoreTromsø farm future in balance after elections
THE future of open fish farming in and around the Norwegian city of Tromsø continues to hang in the balance after local elections produced a mixed bag of results. There were major gains for both the Socialist left party and the Greens, which are strongly in favour of a total ban on further open farming,…
Read MoreSSC 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…
Read MoreNorway to help its algae hit salmon farmers
NORWEGIAN salmon farmers hit by last month’s algae outbreak are to be allowed to increase production beyond their permitted licence limits to help compensate for heavy losses. Several companies in the Nordland and Troms regions, including Nordlaks and Lerøy, lost a total of 13,000 tonnes, or some eight million salmon, during the five-week long outbreak,…
Read MoreMillions of salmon moved in rescue bid
MILLIONS of salmon were moved in a dramatic operation over the weekend to stop them from being suffocated by the algae outbreak now sweeping through fjords along parts of the north Norwegian coast. Already more than 13,000 tonnes, or 7.5 million salmon, have died in the Nordland and Troms region as a result of the…
Read MoreSSF profits drop but Orkney performs well
SALMON farming giant SalMar has reported reduced revenues and profits from its Scottish Sea Farms operations in the first quarter of 2019, the group’s latest figures show today. Q1 revenues fell from NOK 519 million (£46.6 million) in 2018 to NOK 405 million (£36.3 million) this year, while pre-tax profits dropped from NOK 178 million…
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