Bakkafrost signs deal to expand hatchery Faroese salmon farmer Bakkafrost has signed an agreement with Norwegian recirculating aquaculture system (RAS) technology company Nofitech to expand its Glyvradal smolt hatchery by 13,000m³.
A quarter to forget for Mowi Scotland Mowi Scotland’s operating profit dropped by nearly 80% in the third quarter of this year due to low prices caused by Covid-19, lower harvest volumes and increased costs resulting from challenging biology, the company said in its third-quarter report today.
Mowi plans 10% reduction in staff by 2024 Mowi’s operating profit was halved in the second quarter of this year compared to the same period in 2019. Now it wants to cut the workforce by 10%, a target that amounts to almost 1,500 people worldwide.
Bakkafrost and SSC ride out Covid upheaval Faroese salmon farmer Bakkafrost and its Scottish subsidiary, the Scottish Salmon Company (SSC), have continued to make a profit during Covid-19, but results for the first half of the year have been reduced due to the pandemic.
Lice ‘set the agenda’ for Faroes farmer HiddenFjord Sea lice, not Covid-19, have been the main challenge for Faroese salmon farmer HiddenFjord this year, according to managing director Atli Gregersen.
Bakkafrost offers Faroes staff fortnightly Covid-19 tests Salmon farmer Bakkafrost is giving all its employees in the Faroe Islands the opportunity to be tested free for Covid-19 every second week.
Four-day storm wipes out 1 million fish in Faroes Faroese salmon farmer Bakkafrost has reduced its harvest forecast for 2020 by 5-6,000 tonnes to 51-52,000 tonnes after revealing that around 1 million fish perished during a severe four-day storm from February 28 until March 2.
Bakkafrost settles £337m bill for Scottish Salmon Company Faroese salmon farmer Bakkafrost today announced that it had completed the acquisition of 133,125,109 shares in the Scottish Salmon Company from Northern Link.
Ferry impressive: Mowi’s lumpfish survive five-day journey to Faroes Mowi Scotland’s cleaner fish plant in Anglesey has made its first successful delivery of lumpfish to Mowi farms in the Faroe Islands.
Scotland a strong performer as Mowi earnings jump 24% Mowi has reported a 24% year-on-year increase in first-quarter earnings for 2019, with operational EBIT rising to €196 million compared to €158m in the same period last year.
Bigger harvest compensates Bakkafrost for lower prices The Faroes’ biggest salmon farmer, Bakkafrost, made an operational EBIT of DKK 268 million (£30.7m) in the first quarter of this year – exactly the same as in Q1 2018.
Bakkafrost Q1 harvest up by 1,500 tonnes year on year The Faroe Islands’ biggest fish farmer, Bakkafrost, harvested 13,700 tonnes of salmon (head on gutted) in the first quarter of 2019, it said in a market update today.
Bakkafrost doubles smolt size for 2019 Faroese salmon farmer Bakkafrost expects to double the size of the smolts it puts to sea this year to 400 grams.
Russian ban and flat spot prices hit Bakkafrost in Q4 Faroese salmon farmer Bakkafrost has reported a fall in sales revenue, operational EBIT and EBIT per kilo in the last quarter of 2018, compared to the same period in 2017. Full-year figures were also lower than in 2017.
