Vedum defends Norway’s salmon tax plan
Norway’s Finance Minister Trygve Vedum has defended his salmon tax plan to the Centre Party faithful, arguing that it will eventually be seen as the right move. Vedum was addressing […] Continue Reading
First harvest imminent for Andfjord Salmon
Land-based fish farmer Andfjord Salmon saw its losses double during the final quarter of 2022, but the company is now gearing up for its first harvest. The company reported a […] Continue Reading
Atlantic Sapphire raises $55m in share issue
Florida salmon farmer Atlantic Sapphire has raised the equivalent of US $55m through a private placement on the Oslo Stock Exchange. The placement involved the sale of 199 million new […] Continue Reading
AKVA posts a loss but order book grew in 2022
AKVA, the aquaculture technology and service group, saw its order book increase by around £40m last year – but it also recorded an accounting loss. Presenting its annual report yesterday, […] Continue Reading
SalMar closes slaughterhouse with loss of 110 jobs
SalMar is to close a large coastal slaughterhouse at Rørvik in central Norway with the loss of more than 100 jobs. The company said the decision is largely based on […] Continue Reading
Wellboat company Frøy in buoyant mood
The head of the big Norwegian wellboat and aquaculture support company Frøy has said the business is in good heart, with turnover and operating profit for Q4 both up year […] Continue Reading
Salmon price continues to spiral up
Fresh salmon prices have hit a new record for the third week in succession, according to Statistics Norway. Just when many people thought they might be due for a downward […] Continue Reading
Cermaq warns of salmon tax consequences
A senior Cermaq executive has spelt out a number of likely consequences if the Norwegian government decides to implement its salmon tax without changes. Lars Galtung, head of sustainability and […] Continue Reading
Norcod yet to find profit as sales hold steady
Norwegian cod farmer Norcod has reported 2022 fourth quarter sales of NOK 51.48m (£4.1m), almost the same as for Q4 2021. The operating loss before fair value adjustment for the […] Continue Reading