Scottish Sea Farms situation beginning to improve, SalMar reports

Scottish Sea Farms could be turning the corner with its biological problems, new figures suggest today. The business has still to get back into profit, however. SalMar, which jointly owns the business with the Leroy Seafood Company, says in its 2023 fourth quarter report that SSF (also known as Norskott Havbruk) showed an improvement from…

Read More

Grieg could raise up to £125m from Shetland sale, analysts say

The sale of Grieg Shetland could net the parent company up to £125 million, analysts in Oslo are predicting. They put the price on Grieg Seafood’s Scottish operations at between a billion and 1.5 billion kroner – and possibly more if there is a bidding war. Danske Bank Markets analyst Ivar Bakken said Norskott Havbruk…

Read More

SalMar reports profits up for Q3 2020

Fish farming giant SalMar has delivered exceptionally strong third quarter results, with a better than anticipated performance from its associate business Scottish Sea Farms, in which it has a 50 per cent share with Leroy Seafood. In what has been toughest quarter yet for salmon farmers, the group today announced an operational EBIT of NOK…

Read More

Salmon farmer plans first ocean farm for Scotland

A NORWEGIAN style ocean farm capable of holding 1.25 million fish could be sited off the coast of Scotland if one of the country’s leading farmers receives approval for its plans. Scottish Sea Farms is looking to trial Scotland’s first open ocean farm if it gets the go ahead from regulators, the company announced today.…

Read More

New role for Scottish Sea Farms’ pioneer

LEADING salmon sector figure John Rea, Scottish Sea Farms’ long-standing production director, is to leave the company to focus on a new career in coaching and training. Rea, who has been in his role for 22 years, is to step down in early 2020. He plans to build on his experience nurturing and mentoring the…

Read More