OTAQ in revenue warning

Aquaculture and offshore technology business OTAQ has warned that revenues for 2024 are likely to be below the current market forecast. Orders are taking longer to convert than was foreseen, the company said.

Read More

Seafish announces board appointments

Seafish, the public body that supports the UK seafood industry, has appointed two new members to its board. Sarah Holmyard and Georgina Wright bring experience from the shellfish and salmon sectors respectively. 

Sarah Holmyard is Head of Sales and Marketing at the award-winning aquaculture company Offshore Shellfish Ltd and was recently appointed as a Director of UK Women in Fisheries.

She has extensive experience of the sea fishing and aquaculture industries, having previously held executive roles at Seafood Scotland, Interfish, Cleanseas and The Kingfish Company.

Georgina Wright  formerly the Sales Director at Mowi Scotland, brings thirty years’ experience of the seafood industry to the Seafish Board. She served as Chair of the Scottish Salmon Industry Brexit Working Group which worked to ensure the industry was successfully prepared for the changes brought by Brexit. 

Read More

Aquaculture UK set for new venue in 2026

The next edition of leading trade show Aquaculture UK is moving to Glasgow, it has been announced. The organisers, Diversified Communications, said the show, which has been held in the Highland resort of Aviemore for many years, will take place at the SEC, Glasgow over June 16-17, 2026. The 2026 Aquaculture Awards are scheduled for…

Read More

Mowi Scotland Q3 profits up by almost 40%

Mowi Scotland enjoyed one of its best periods for at least two years, with profits jumping by almost 40% between July and September this year.

The division, which has been battling biological issues over the past few quarters, produced an operational EBIT or profit of €12.7m (£10.6m) against €9.2m (£7.6m) a year ago.

Read More

Bakkafrost Q3 numbers hit by lower salmon prices, but Scotland improves

Bakkafrost value-added products

Bakkafrost today unveiled weaker than expected third quarter results. Meanwhile, the company’s Scottish arm continues to make a loss, but the latest figures show its recovery is continuing. CEO Regin Jacobsen said bluntly that he was not satisfied with the group’s results this quarter. The Faroese-owned salmon farmer announced a lower group EBIT or operational…

Read More

MSPs raise concerns over marine science funding

A committee of MSPs in the Scottish Parliament has warned that the scientific work that underpins fisheries policy could be adversely affected by underfunding, especially for the Marine Directorate’s research facilities.

The Rural Affairs and Islands (RAI) Committee has written to Mairi Gougeon, Cabinet Secretary for Rural Affairs, Islands and Land Reform, following its review of the Marine Directorate budget, as part of its Pre Budget Review.

Read More

2023 saw Scottish salmon production fall 11%

The Scottish salmon industry’s woes last year have been highlighted in official statistics that show that farmed Atlantic salmon production fell by more than 18,000 tonnes in 2023 to 150,949, a year on year decline of 11%.

Read More