Posts Tagged ‘Salmar’
Oslo to face legal action over new salmon map
THE Norwegian government is expected to face legal challenges to its new salmon farming traffic light scheme from companies caught up in the red zones, it has emerged. Up to 140 businesses in the two red areas will be forced to cut back on production by up to six per cent or around 9,000 tonnes. Oslo has said it…
Read MoreWhale of a time for escaped salmon
A 30 foot long minke whale has broken into a salmon cage in northern Norway, enabling a number of fish to swim free. The large intruder made its bold, but unwelcome, appearance at a Lerøy Aurora farm in Åpenvik in the Varangerfjord region. It made a large hole in the net, through which a small…
Read MoreNorwegian farm hit by ISA outbreak
INFECTIOUS Salmon Anaemia (ISA) has been confirmed at a sea based site run by Norway Royal Salmon in the north Norwegian region of Finnmark. The Norwegian Food Safety Authority is reporting the outbreak at Lille Kufjord, some 800 miles north east of Oslo; it is based on the positive analysis of tests taken at the…
Read MoreEveryone should own salmon shares says analyst
THE salmon farming sector can look forward to a better year in 2020, a leading Norwegian investment analyst has predicted. And Tore Tønseth, at Spare Bank 1 Markets, is also urging everyone to buy shares in salmon companies. In an interview with the Oslo business newspaper and website Finansavisen, he said the last few months…
Read MoreSalmon diseases hit Iceland and Norway
FOOD safety and marine health organisations in Norway and Iceland are this week battling with suspected salmon related diseases on at least three fronts. They involve ISA or infectious salmon anaemia at two sites in Norway and a confirmed case of IPA or the viral disease known as infectious pancreatic necrosis in Iceland. This is…
Read MoreUS salmon probe shakes Oslo shares
SEAFOOD shares on the Oslo Stock Exchange dropped sharply yesterday after it was revealed that three of Norway’s largest salmon companies are facing a United States criminal investigation over allegations of price fixing on the Atlantic salmon market. The companies, Mowi, SalMar and Grieg Seafood, have been handed subpoenas by the US Department of Justice.…
Read MoreLerøy reports new Scottish RAS facility on track
LERØY Seafood said today that the new Barcaldine RAS facility at its Scottish Sea Farms operation was on track, with fish moving through the site and the first release of smolt having taken place this autumn. But like SalMar yesterday, its co-partner in Scotland, it reports that biological challenges were continuing to impact on growth…
Read MoreScottish Sea Farms Q3 results disappoint SalMar
SALMAR’S Scotland operations, which it shares with Lerøy Seafood, produced disappointing results this summer, the salmon farming giant’s third quarter results show today. Although Scottish Sea Farms, or Norskott Havbruk as the company calls it, generated operating revenues of NOK 629.5 million, up from NOK 547 million during the third quarter last year, expectations were…
Read MoreSalMar owner takes over CEO role
THE owner and co-founder of Norwegian salmon farmer SalMar has been appointed its new CEO. Gustav Witzøe will replace Olav Andreas Ervik, who will become managing director of the new subsidiary SalMar Ocean AS and be responsible for the company\’s ocean based farming, Intrafish reported. The changes will take effect immediately. SalMar, which owns 50…
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…
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