Atlantic Sapphire positive after higher harvest numbers

tlantic Sapphire salmon in tank

There was much brighter news from the Florida based salmon company Atlantic Sapphire yesterday, as it reported a large increase in its first quarter harvest. The company, which has had more than its share of problem including a falling share price last year, reported a 20214 first quarter harvest of 1.15 million tonnes (heads on…

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Brighter Q1 results from Grieg Seafood and Salmon Evolution

Two Norwegian salmon companies, Grieg Seafood and Salmon Evolution, have published encouraging 2024 first quarter trading updates. The Grieg output is up by more than 30% on a year ago and totals approximately 21,000 tonnes against 15,350 tonnes 12 months ago. The main reason for the improvement is that British Columbia is now back in…

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Former Mowi CEO set to join Bakkafrost board

Former Mowi CEO Alf-Helge Aarskog looks set to join the board of Faroes salmon producer Bakkafrost. The notice for Bakkafrost’s annual general meeting, which is due to take place on 30 April, includes his name on the list of directors submitted for election. Apart from Aarskog, all the others are existing board members up for…

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Cooke Aquaculture included on ‘Top Employers’ list

Cooke Aquaculture has been named as one of Atlantic Canada’s Top Employers for 2024. The company, which also has a large salmon farming business in Scotland, has won plaudits for the way its treats staff and builds strong communities. Kristina Leung, managing editor at Mediacorp, organisers of the annual Canada’s Top 100 Employers competition, said:…

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Film star DiCaprio joins anti-farm campaign, faces backlash

A-list Hollywood actor Leonardo DiCaprio has become the latest celebrity to come out against open net pen fish farming in British Columbia – but his stance has sparked a backlash from indigenous groups who want to save the industry. The star of many hit movies including Titanic and The Great Gatsby (pictured, photo by Siebbi)…

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AquaBounty sees increased revenue – and losses – for Q4

Land-based salmon farmer AquaBounty Technologies has reported a year-on-year revenue increase of 23% for the last quarter of 2023, but the period also saw losses growing. AquaBounty has developed a genetically modified (GM) strain of salmon, aimed at faster growth and suitability for farming in RAS (recirculating aquaculture systems) facilities. For Q4, the company recorded…

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US $20.75m cash injection for Poseidon Ocean Systems

Poseidon Ocean Systems, the Canadian company behind the Trident sea cage system, has completed a US $20.75m (£16.3m) capital raising exercise. The Series B funding round was led by Ecosystem Integrity Fund (EIF) and joined by InBC Investment Corp., along with additional investment support from one of Poseidon’s existing shareholders, Export Development Canada. Poseidon said…

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Bakkafrost’s ‘salmon air service’ makes first flight

Bakkafrost CEO Regin Jacobsen has hailed the first flight of salmon on its FarCargo Boeing 757 as a new chapter in Faroe Islands trade history. The aircraft departed from the Faroes with a consignment of premium fresh salmon, landing at Newark Liberty International Airport, New Jersey, for the first time. Jacobsen said: “The aim is…

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Cooke gives up legal fight over trout farm closures

Cooke Seafood has abandoned plans to win back leases at its two Washington state steelhead trout farms in the US, blaming delays by the state’s administration which it says make the case futile. The group’s subsidiary, Aquaculture Pacific, has filed a motion with the Superior Court of the State of Washington to dismiss its appeal…

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Cooke Seafood appoints Jack Crouch to key subsidiary

raw shrimp on ice

The Cooke seafood and aquaculture group has appointed senior seafood professional Jack Crouch as national sales manager of its subsidiary business, the Wanchese Fish Company. He brings more than a decade of experience in seafood processing, distribution, and supply chain. The Wanchese Fish Company, headquartered in Virginia, USA, is part of the Cooke family of…

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