Posts Tagged ‘Salmar’
Salmar announces \’best ever\’ Q1 results
EFFORTS to deal with long standing biological problems at Scottish Sea Farms negatively impacted on its performance at the start of this year, Norwegian salmon giant SalMar reports with its 2020 Q1 results today. The company has a 50 per cent stake in the UK-based operation which it calls Norskott Havbruk and which it shares…
Read MoreNorwegian farmers taking salmon price hit
NORWEGIAN fish farmers are facing a marked decline in the price of fresh salmon this week for the first time since the Covid-19 crisis hit more than six weeks ago. Figures from Statistics Norway show that the kilo price of fresh or chilled salmon fell by seven per cent to NOK 67.74 over the past few days, while exports declined…
Read MoreScottish farmer dismissed from price fixing case
SCOTTISH Sea Farms has been released from a US class-action lawsuit that alleges Norwegian salmon companies colluded to fix salmon prices. The plaintiffs, led by seafood supplier Euclid Fish Company, voluntarily dismissed Scottish Sea Farms from the case, Intrafish reported yesterday. The case was brought last August against salmon farmers Mowi, Grieg Seafood, SalMar, and…
Read MoreSalmon farmer plans first ocean farm for Scotland
A NORWEGIAN style ocean farm capable of holding 1.25 million fish could be sited off the coast of Scotland if one of the country’s leading farmers receives approval for its plans. Scottish Sea Farms is looking to trial Scotland’s first open ocean farm if it gets the go ahead from regulators, the company announced today.…
Read MoreIceland salmon farmer ends year on positive note
THE Icelandic salmon farmer Arnarlax, which lost stock worth £2.5 million in severe storms two weeks ago, has posted significantly increased harvests and profits for the final quarter of 2019. The company, in which Norway’s SalMar has a majority stake, made an operational EBIT of NOK 27 million. This was up from NOK 21.9 million…
Read MoreSalMar reports gradual upturn at Scottish Sea Farms
BIOLOGICAL issues at Scottish Sea Farms are continuing to impact on SalMar’s financial performance, 2019 fourth quarter figures from the Norwegian salmon farming giant show. However, there are signs of improvement. The company has a 50 per cent stake in its UK operation, which it calls Norskott Havbruk and shares with the Lerøy Seafood Group. SSF…
Read MoreBetter days ahead for Scottish Sea Farms – Lerøy
THE Lerøy Seafood Group today predicted an improved outlook for its Scottish Sea Farms (SSF) operation which it shares with fellow Norwegian salmon farmer SalMar. Delivering its financial results for the final quarter of 2019, the company said costs are expected to decline in the current quarter when SSF’s new RAS facility at Barcaldine will…
Read MoreIcelandic storm losses estimated at £2.5m
THE cost of a run of storms which hit Icelandic salmon farmer Arnarlax last week is estimated to be at least £2.5 million. The company said it had lost around 500 tonnes of stock – numbering 100,000 salmon – at its Westfjords site in in Arnarfjordur because extreme weather conditions prevented slaughtering taking place. Arnarlax,…
Read MoreSalmon boss: tax plan may force me to sell
THE boss of one of Norway’s leading family owned fish farming businesses has said he is thinking of selling up because of growing frustrations over possible new taxes and regulations. Ola Braanaas, CEO and sole owner of the Firda Seafood Group, based near Bergen, recently vented his anger after the government published the final draft of its traffic light system.…
Read MoreIceland salmon farmers grappling with storms
SEVERE weather conditions have been preventing at least one of Iceland’s main salmon companies from carrying out harvesting activities. According to Morgunbladid, Iceland’s main newspaper, the slaughter of fish at Arnarlax’s farms in Hringdal in Arnarfjordur has virtually come to a standstill over the past few weeks, with the result that salmon have been accumulating in the cages,…
Read More