Posts Tagged ‘SalMar Group’
SalMar to operate world’s first hydrogen-powered workboat
What is claimed to be the world’s first hydrogen-powered workboat is preparing to go into operation for a Norwegian fish farmer. The vessel (pictured) has been developed by Moen Marin, the largest supplier of aquaculture work vessels in collaboration with Moen Verft and Marin Design, and with the support of the Norwegian government technical support…
Read MoreSalmon’s ‘big six’ to challenge EU price fixing claims
Norway’s “big six” salmon companies have all strongly denied an accusation of price collusion made by the European Commission. The Commission claimed yesterday that the companies broke competition rules by sharing information on prices and salmon volumes. It has sent what is known a statement of objection, also known as an SO, to each of…
Read MoreSalMar records harvest of 254,000 tonnes in 2023
SalMar, the world’s second largest salmon farmer, is today reporting a final quarter harvest of 83,200 tonnes – and a 2023 full year harvest of 254,100 tonnes. However, comparison with the previous period are not valid as SalMar had not yet fully absorbed its takeover target, the NTS group, 12 months ago. Figures for Scottish…
Read MoreSalMar denies China fish smuggling claims
SalMar has strongly denied a Norwegian radio report that it was involved in the illegal import of salmon into China a decade ago. Worried about seafood being smuggled into the country through Vietnam to get around sanctions imposed on other nations, China imposed major restrictions on seafood shipments from overseas. The radio station NRK Dagsnytt…
Read MoreRebel NTS shareholders to sue SalMar
The feud between a group of former NTS shareholders and the salmon farming giant SalMar shows no sign of letting up. Some shareholders have been unhappy at the price they were offered during the takeover saga last year, which saw SalMar eventually succeed in acquiring NTS. The deal brought Norway Royal Salmon, SalmoNor and the…
Read MoreSalMar 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 MoreSalMar and Leroy report lower harvests
SalMar and Lerøy Seafoods, two of Norway’s largest salmon farming companies, are reporting lower harvests for the third quarter of this year. In a trading update Lerøy said it slaughtered 44,200 tonnes of salmon and trout in three months between July and September, compared with 46,000 tonnes in the same period last year, the company…
Read MoreIceland\’s largest salmon farmer posts €16m loss
ICELAND’S largest salmon farming company, Arnarlax, in which Norway’s SalMar has a majority stake, posted a loss of 16 million euros for last year, several times the figure for 2017. Arnarlax is currently investing heavily in developing new fish farms but saw its plans disrupted a year ago after objections from environmental groups. However, it…
Read MoreIceland\’s largest salmon farmer posts €16m loss
ICELAND’S largest salmon farming company, Arnarlax, in which Norway’s SalMar has a majority stake, posted a loss of 16 million euros for last year, several times the figure for 2017. Arnarlax is currently investing heavily in developing new fish farms but saw its plans disrupted a year ago after objections from environmental groups. However, it…
Read More