Posts Tagged ‘Salmar’
Iceland’s premier steps into fish farm row
ICELAND’S fisheries minister is to submit a bill to the country’s parliament today amending the Aquaculture Act to ensure that the two companies who have lost their licences to expand salmon farming in the Westfjords can temporarily continue their operations. The minister, Fiskeldi Kristján Þór Júlíusson, says he wants to be able to grant provisional…
Read MoreMinister vows to deal with salmon detractors
FERGUS Ewing, Scotland’s rural economy minister, vowed to continue fighting for the future of the country’s salmon farming industry, which has come under increasing attack in recent months. In a speech in Kirkwall to mark the tenth anniversary of Scottish Sea Farms’ operations in Orkney, Ewing praised the contribution the sector makes to the islands,…
Read MoreIceland salmon farmer plans Oslo listing
ARNARLAX, Iceland’s largest fish farming company, has said it is working towards a listing on the Oslo Stock Exchange. Company chairman Kjartan Ólafsson told the Icelandic newspaper Frettabladid that the completion of a 2.6 billion (Icelandic) kroner share capital increase and expanding its balance sheet should underpin further development. He hopes to register the business…
Read MoreSalMar to invest £63m in new plant
SALMAR is planning to invest 675 million kroners (around £63 million) in a ground-breaking new production and processing plant in the north of Norway. The independently owned and rapidly expanding fish farming company – which owns 50 per cent of Scottish Sea Farms – said it will become one of the world’s most advanced facilities…
Read MoreStrong Q2 performance from SalMar
SALMAR today became the latest Norwegian salmon farming company to report solid results for the second quarter of 2018, with revenues of 2.9 billion NOK, broadly in line with the same period last year. The overall EBIT or operating profit was NOK 878.6 million, compared to NOK 983 million in Q2 2017. The company, which…
Read MoreNorway fish farmers bid millions for licences
NORWAY’S fish farmers have spent tens of billions of kroners at auction buying new salmon production licences as a prelude to a major expansion of the industry. The result is that 160 coastal communities will received at least NOK 2 billion (almost £200 million) in development funding. The Oslo government decreed two years ago that…
Read MoreFish Update Briefing, Friday, May 18
CHINA PLANS SALMAR STYLE PLATFORM CHINA is planning to develop an offshore salmon farming sector by using platforms similar to the large vessel bought by the Norwegian company SalMar last year, the South China Morning Post says. One Chinese company is developing a 35 metre tall rig capable of producing 1,500 tonnes of salmon a year.…
Read MoreSalMar value doubles in less than a year
THE value of the fish farming giant SalMar has doubled in the past 12 months, the Norwegian media are reporting. The family owned company, whose motto is ‘passion for salmon’, is now worth more than 40 billion kroners (£3.6 billion sterling), twice what it was just a year ago. Shares of the company, which owns 50 per…
Read More‘Good’ first quarter for Scottish Sea Farms
SALMON farming giant SalMar today announced ‘satisfactory’ first quarter results for 2018, with overall price during the period contributing to revenue growth and further strong earnings. Its half owned Scottish subsidiary, Scottish Sea Farms, posted a good result in the first quarter 2018 on the back of sound underlying operations. It harvested 6,000 tonnes in the…
Read MoreSalMar plans second giant platform
THE Norwegian fish farmer SalMar is planning to build another huge offshore platform possibly twice the size of Ocean Farm 1, which was brought in from China last summer. The move follows SalMar’s acquisition of 51 per cent of the shares in the Stavanger based company MariCulture, which is involved in the development of fish farms…
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