Måsøval sees revenue, profits up for Q4 but a loss for 2023

A workboat passes fish pens leaving a wake

Norwegian salmon farmer Måsøval has reported a big jump in revenue and operating profit for the final quarter of 2023. The story for the full year was less upbeat, however, with Måsøval recording increased revenue of NOK 2,400m (£180m) compared with NOK 1,992m (£149m), but operational EBIT down 32% to NOK 471.4m (£35m). The group…

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Mowi criticised over Norwegian salmon mortality

Mowi is being taken to task by the Norwegian Food Safety Authority over the high number of salmon deaths in central Norway. According to the national broadcaster NRK, around 180,000 fish weighing an average of three kilos died at a single site in just a month (January this year), so the Authority has called on…

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Icelandic investors snap up Optimar

High-tech aquaculture and processing business Optimar International has been acquired by Icelandic investment company Kaldbakur ehf.  Kaldbakur has completed the purchase of all shares in the company from the previous owner, German investment firm Franz Haniel & Cie. GmbH, for an undisclosed sum. Based in Ålesund, Norway, and with offices in Norway, Spain, Romania, and…

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ISA suspected at Lerøy site

Infectious salmon anaemia (ISA) is suspected at a Lerøy Seafood site at Frøya in Norway’s Trondelag region. Lerøy Midt AS informed the Norwegian Food Safety Authority of its concerns last week, based on the results of PCR analysis carried out after samples were taken at the site. The operation there had already been closed due to bacterial…

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Cod farmer acquires salmon harvesting site

Norwegian cod farmer Ode has taken over a harvesting facility formerly owned by the salmon group Måsøval. Ode confirmed at the weekend that it had acquired the Western Seaproducts facility in Vartdal near Ålesund, on the west coast of Norway. The plant will become a fully owned subsidiary and will be operated as a specialised…

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90,000-tonne land-based salmon farm planned for Lewis

render of a fish farm embedded in a mountain, with a boat alongside

A Norwegian salmon company is hoping to build a 90,000-tonne land-based fish farm in a remote part of Lewis, in the Outer Hebrides. The story was broken this week by local paper the Stornoway Gazette, which was tipped off following a presentation for investors. The company concerned, Norwegian Mountain Salmon (NMS), already has plans underway…

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Grieg Q4 rocked by spiro, jellyfish and winter sores

Grieg Seafood worker on pen

Grieg Seafood is the latest Norwegian salmon farmer to report biological and jellyfish issues during the final quarter of 2023. The company, which was big in Scotland until three years ago, but now concentrates on Norway and Canada, recorded an operational (EBIT) loss of NOK 67 million (around £5m) against an operational profit of NOK…

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Nordic Aqua on track for first Chinese harvest

Norwegian company Nordic Aqua Partners, which is developing a land based facility in China, has reported a good operational performance in the fourth quarter of last year with construction works for Stage One completed on time and on budget. The biological performance was good for all batches – with strong growth, a mortality rate below…

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Nordlaks set to resume shelved investment projects

Nordlaks, Norway’s largest privately owned salmon farmer, is resuming a major investment programme it cancelled following the announcement of the salmon tax 18 months ago. Plans for a new slaughterhouse, filleting department and offices at Børøya in Stokmarknes were among several aquaculture projects put on hold in the autumn of 2022 by the industry. Tomas…

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Nova Sea buys into Torghatten Aqua

The large Norwegian salmon business Nova Sea has entered into a long term collaboration with another salmon company, Torghatten Aqua, with the aim of strengthening both companies. They say that the plan will contribute to continued sustainable growth and development in the Helgeland region. Torghatten Aqua AS, formerly known as Torgnes AS, is an investment…

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