Category Archives: Aquaculture

SalMar delivers strong performance

SalMar delivers strong performance

SALMAR today became the latest Norwegian salmon farming company this month to deliver higher profits and earnings on the back of increased prices and strong demand during both the final quarter of 2018 and for the full year. The company announced a fourth quarter operating profit (EBIT) of 934.9 million kroner, up from NOK 707.2Continue Reading

Filed Under: Aquaculture, Front Page News
Grieg Shetland income up amid challenges

Grieg Shetland income up amid challenges

THE Grieg Seafood Group ended 2018 on a high with record harvest volumes and increased revenues, its results for the final quarter and whole year show. Driven by high prices and cost reductions, the group reported a fourth quarter EBIT of NOK 351 million compared with NOK 151 million 12 months earlier. The EBIT perContinue Reading

Filed Under: Aquaculture, Front Page News
Mowi makes impressive debut

Mowi makes impressive debut

A STRONG demand for salmon and higher prices have helped newly branded Mowi make an impressive New Year debut. The company, which has changed its name from Marine Harvest, today reported a 2018 fourth quarter operational EBIT (earnings before interest and tax) of €213 million, up from €181 million for the corresponding period in 2017.Continue Reading

Filed Under: Aquaculture, Front Page News
Royal results for Norway farmer

Royal results for Norway farmer

NORWAY Royal Salmon (NRS) today reported the highest operational EBIT (earnings before interest and tax) in the history of the company for both the final quarter of 2018 and the full financial year. The fourth quarter EBIT was 232 million kroner, representing an EBIT per kg of NOK 17.73. The corresponding figures for the sameContinue Reading

Filed Under: Aquaculture, Front Page News
Global roll out of land based salmon

Global roll out of land based salmon

A PIONEERING land based salmon farming company has announced plans to expand its operations in the US with its largest facility to date. Pure Salmon said its new site will be based in Tazewell County, Virginia, with a production target of 20,000 tonnes a year. The project, backed by $20 million from local development agencies,Continue Reading

Biggest prawn farm plan ‘on track’

Biggest prawn farm plan ‘on track’

PLANS to build the world’s largest prawn farm are on target, the head of the company behind the project said. Project Sea Dragon is a (Australian) $1.5 billion development by the Seafarms Group, one of Australia’s largest aquaculture companies. Phased over the next seven years, it will be built on a site the size ofContinue Reading

Now Nordic plans huge California farm

Now Nordic plans huge California farm

NORDIC Aquafarms, the company building the world’s largest land based salmon farm in the US state of Maine, is planning another major development in California. According to report in the Maine based Bangor Daily News, the Humboldt Bay Harbor, Recreation and Conservation District in California and a subsidiary of a Norwegian company called California MarineContinue Reading

Insect farming could take off in Scotland

Insect farming could take off in Scotland

SCOTLAND could lose out on becoming a major player in the emerging insects for feed sector if it doesn’t engage with the opportunities soon. The country is well placed to become a leader in the field, with its large aquaculture industry, a day-long conference in Edinburgh heard yesterday. Organised by Zero Waste Scotland, the eventContinue Reading

Fish Update Briefing, Friday, February 8

Fish Update Briefing, Friday, February 8

GRIEG INVESTS IN NEW LOW CARBON PLANTS GRIEG Seafood is to buy four new battery powered hybrid plants for its feed vessels as it looks to increase its environmental footprint by cutting down on diesel use. The plants, which hugely reduce diesel generator operations, have been specially developed by Fjord Maritime, based in Bergen, withContinue Reading

Holyrood hears salmon farm defence

Holyrood hears salmon farm defence

BIG landed interests have been attacking the salmon industry in Scotland for many years and their portrayal of the sector was unrecognisable, said Shetland MSP and former Liberal Democrat leader Tavish Scott. Speaking in a debate in the Scottish parliament today on the future of salmon farming, Scott said islands such as Unst and YellContinue Reading