NEWS
Jellyfish and hard winter hits SalMar Q1 profits
Norwegian salmon giant SalMar continued to be troubled by tough winter conditions and jellyfish attacks during the start of this year, the group’s first quarter results show. These problems, along...
Huge improvement in Q1 performance for Scottish Sea Farms
Scottish Sea Farms achieved a tremendous turnaround in its fortunes during the first three months of this year, according to figures today from SalMar, one of its co-owners. The business...
Seagriculture 2024 set to ‘bridge continents’
The Seagriculture EU 2024 conference, the leading conference for the seaweed industry, will be taking place in Tórshavn, Faroe Islands from 18 - 20 June 2024. Under the theme, Bridging...
Big rise in losses for troubled Chilean salmon company
The struggling Chilean salmon farmer Nova Austral saw its losses almost treble last year despite an increase in revenues. The company was only saved from administration In January after creditors...
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Green light for Scottish Sea Farms’ Shetland plan
Shetland Islands Council has given its approval to Scottish Sea Farms’ proposed offshore salmon farm at Billy Baa. The move is part of a strategy of modernising and consolidating the...
Lerøy facing police probe over latest escape
The Lerøy Seafood Company is facing an official investigation following the escape of 14,000 salmon earlier this week. It was later learned that some of the fish were infected with...
Seafood could be key wartime resource, experts say
Could Norway’s aquaculture and fishing sectors feed the country in the event of a European war? That was the serious question posed at a recent Seafood Norway debate – and...
Escaped Lerøy salmon may be diseased, experts fear
Some of the fish that escaped from a Lerøy Seafood facility in Norway could be carrying serious diseases, it is being reported. Some 14,000 salmon with an average weight of...
Norway’s biological issues cut into Mowi’s Q1 profit
Mowi has today spoken of a biologically challenging 2024 first quarter at its Norwegian farms. The world's largest farmer of Atlantic salmon produced an operational profit or EBIT of €201m...
Mowi Scotland recovery gathers pace
Mowi Scotland is bouncing back from the troubles which have hit financial performance recently. Results for the first quarter of this year, published today, show the Scotland division produced an...
Salmon Evolution heads into profit
Land-based salmon farmer Salmon Evolution has reported its first operational profit, in what the company has called a “significant milestone”. The Norway-based producer reported operating revenues of NOK 100.3m (£7.37m)...