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Barramundi focuses on Brunei after Australian sell-off
Finfish farmer Barramundi Group has announced a “strategic pivot” to Brunei as a production centre, following the disposal of its Australian assets and fish health setbacks in its Singapore operations. The Singapore-based company reported its financial results for the first half of this year today. Barramundi cut its net losses from SGD 11.9m (£6.95m) in…
Read MoreFrom idea to solution
Navigating the regulatory process in product licensing requires the right certifications and guidance, and the right aquaculture contract research organisation with GLP, GCP & GMP certifications Product licensing is a long, intricate process, and a daunting endeavour for even the most experienced of organisations, let alone for ambitious entrepreneurs new to the industry. Ground-breaking ideas…
Read MoreCooke’s Tassal buys struggling barramundi producer
The Tasmanian salmon farmer Tassal has bought a troubled Western Australia barramundi farmer, saving dozens of jobs in the process. Tassal, now part of the global Cooke aquaculture and seafood group, said last night that it has taken over MPA Fish Farms Pty Ltd and MPA Marketing Pty Ltd, which operates Western Australia’s only ocean based barramundi…
Read MoreJapanese giant Mitsui invests £43m in trout farm project
The giant Japanese trading group Mitsui is investing a further 78.5 billion Yen (£43m) in a major RAS trout farming project. It means that Mitsui now has a majority 50.4% stake in the trout producer known as FRD Japan. The new plant will be sited at Futtsu-shi, Chiba, around 25 miles east of Tokyo. Large…
Read MoreAKVA Observe uses AI to develop feed solutions
AKVA Observe is a partnership between AKVA Group and Observe Technologies, offering pioneering AI-based solutions to assist in feed management operations in salmon farms To date, these platforms are installed in all major salmon geographies across 90 to 100 site locations. Whilst there is strong market adoption, Observe is continuously developing and improving the products…
Read MoreMurray Cod producer installs Ace Aquatec stunner
An Australian Murray cod farmer has transformed its slaughter process with a humane stunner from technology business Ace Aquatec. Aquna Sustainable Murray Cod, based in New South Wales, installed a trailer-mounted in-water stunner in a bid to reduce fish stress. Despite its name, Murray cod (Maccullochella peelii) is a freshwater, river-dwelling fish and no relation…
Read MoreMowi Scotland Q2 harvest up 38% on last year
Mowi has announced a 2023 second quarter EBIT or operating profit of €300m (£256m), with its Scotland division showing a much improved harvest and financial performance. The operating profit was €20m (around £17m) lower than last year, but this is in line with industry expectations. The world’s largest producer of Atlantic salmon harvested 107,500 tonnes…
Read MoreŸnsect appoints new CEO, announces board changes
Alternative protein producer Ÿnsect has appointed a new CEO, Shankar Krishnamoorthy, as part of a board reorganisation that sees co-founder and former CEO Antoine Huber stepping down to focus on “innovation, science and impact”. Ÿnsect raised €160m (£137m) in its series D funding round in April this year. The company transforms mealworms into high-end, high-value…
Read MoreIcelandic salmon farmer changes name, raises capital
Icelandic salmon farmer Landeldi hf has rebranded as “First Water hf”. The company, which is building a major thermal-heated land fish farm in the south west of Iceland, has also completed share capital financing to the tune of €82m (ISK 2.5bn or £70m) which will guarantee the first phase of the project. First Water said…
Read MoreMørenot Aquaculture aims to cut costs
Industry supplier Mørenot Aquaculture has embarked on a cost reduction programme after announcing higher losses for 2022. The company, which has bases in Scotland, saw its turnover dip from NOK 532.2m (£318m) in 2021 to NOK 478.2m (£35m) last year. This led to a higher operating loss or EBIT of NOK 58.5m (£4.2m) against a…
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