Atlantic Sapphire raises a further £27m for Florida site

Florida-based land salmon company Atlantic Sapphire raised around NOK 369m (£27.5m) in a new share issue in Oslo, where the company is listed, last night. The issue at NOK 1.20 per share was fully subscribed with its largest shareholder Nordlaks Holdings of Norway buying shares worth NOK 52m (£3.8m). The extra money will be used…

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AquaBounty set to sell Indiana RAS farm

North American land-based salmon farmer AquaBounty Technologies is putting its Indiana site on the market in an effort to raise funds and strengthen its balance sheet. In a stock market announcement yesterday, CEO Sylvia Wulf said: “We have been focused on securing funding for our near and long-term needs, so we can continue to pursue…

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San Antonio conference set to break records

Aquaculture America 2024 will take place over February 18-21, 2024, at the San Antonio Marriott Rivercenter in San Antonio, Texas USA. The event is organised by the World Aquaculture Society. At this point it looks like Aquaculture America 2024 will be the largest Aquaculture America ever. The exhibit Hall is almost full, the program includes…

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Trout farmer receives first eggs – and eyes US expansion

Hima Seafood has just taken delivery of the first eggs for its new trout farm in Telemark, Norway. The company also disclosed that it is looking at moving into the United States over the next few years. Hima’s managing director, Sten Falkum, told the US magazine Forbes that it has acquired a plot of land…

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Canadian capital pulls anti salmon farming advertisements

Anti-salmon farming billboards around Ottawa have been removed following a complaint from the Canadian Aquaculture Industry Alliance, which says the posters contained false claims. The statements included claims from the eco-activist group Wild First stating that: “Open-net pen salmon farms are banned in Washington, Oregon, California, and Alaska.” The advertisements called on the Canadian capital…

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Cooke Seafood appoints new US public affairs director

Cooke Seafood has appointed Steve Hedlund from the Global Seafood Alliance as its new director of Public Affairs in the United States. Mr. Hedlund (pictured) is an experienced leader in seafood communications, public affairs, event management and media relations. He joins family-owned Cooke from his most recent role as spokesperson for the Seafood Alliance (GSA)…

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Kingfish founder joins redfish start-up as Chairman

US fish farming start-up Pine Island Redfish has appointed Ohad Maiman, founder and former CEO of The Kingfish Company as Chairman of the Board. The move reunites Pine Island founder Megan Sorby – who was formerly Operations Manager with Kingfish Maine – with her former boss. Maiman, an Israeli financier, founded The Kingfish Company in…

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Better days ahead, says Atlantic Sapphire

The Florida-based salmon company Atlantic Sapphire is looking to an improved performance in 2024 following the problems it experienced this year with high water temperatures. In a third quarter operational update, the RAS (recirculating aquaculture systems) producer said it expects to reach an EBITDA (earnings before interest tax depreciation and amortisation) break-even point by next…

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US agency outlines Alaska aquaculture growth plan

Although finfish farming remains illegal in Alaskan waters, the US agency responsible for fisheries and the environment, NOAA, has said it is ready to help the state expand its non-finfish aquaculture sector. The NOAA (National Oceanic and Atmospheric Administration) statement suggests there is potential for growth in Alaska’s seaweed and shellfish sectors. The NOAA has…

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Another step forward for Nordic Aquafarms’ California project

Nordic Aquafarms’ plans for a yellowtail kingfish RAS facility on the California coast have moved a key step forward with the granting of a permit for the plant’s waste water. The company, Nordic Aquafarms Inc, which is a subsidiary of its Norway based parent, had originally planned to build a 33,000 tonne RAS (recirculating aquaculture…

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