Salmon giants in $85m ‘price-fixing’ settlement
At least four Norwegian salmon companies, including some of the biggest names in the business, have reached a settlement for US $85m in a class action in the United States […] Continue Reading
Arnarlax plans 80,000 tonne processing plant in Iceland
Icelandic fish farming company Arnarlax has announced plans to build a new hi-tech salmon processing factory in the country’s Westfjords region. The plant will be one of the largest in […] Continue Reading
Scottish Sea Farms helps SalMar to profit in Q1
SalMar today became the latest fish farming company to report increased first quarter operating profits on the back of soaring salmon prices. The salmon giant, which is part owner of […] Continue Reading
Gustav steps down, Linda steps up at SalMar
Salmon farming giant SalMar has a new chief executive at the helm today with Linda Litlekalsøy Aase taking over from Gustav Witzøe. She steps into the top job at a critically important […] Continue Reading
SalMar closes in on NTS prize
Reports from Norway suggest that the obstacles in SalMar’s bid to take control of the rival aquaculture business NTS, were finally cleared yesterday. It follows an extraordinary general meeting of […] Continue Reading
Grieg and SalMar report improved Q1 harvests
Two leading Norwegian salmon farmers, Grieg Seafood and SalMar, have announced higher harvests for the first quarter of this year. In a preliminary update, Grieg Seafood says output between January […] Continue Reading
NRS to sue parent for breach of contract
Norway Royal Salmon (NRS) announced at the weekend that it plans to sue its parent, NTS, for breach of contract. The move is seen as another extraordinary development in an […] Continue Reading
NTS blocks NRS-SalmoNor merger move
The NTS aquaculture group has moved to prevent a controversial merger between its two subsidiaries, Norway Royal Salmon (NRS) and SalmoNor. Last week NRS said it had raised NOK 1.9bn […] Continue Reading
Norway Royal Salmon raises £164.5m for SalmoNor merger
Norway Royal Salmon has raised NOK 1.9 billion (£164.5m) which the board plans to use towards financing the purchase of SalmoNor. Both are part of the NTS aquaculture group but […] Continue Reading