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Norway wealth tax prompts fish farmer to divert investment to US

Norway wealth tax prompts fish farmer to divert investment to US

A NOK 150 million (£12.5m / $15.3m) investment in Florida-based on-land fish producer Atlantic Sapphire by Nordlaks comes from a pot the company had planned to use to buy government permits to grow more fish in northern Norway and has been made in response to a Norwegian wealth tax on privately-owned fish farmers, Nordlaks has said.

Nordlaks to invest $15m in Atlantic Sapphire

Nordlaks to invest $15m in Atlantic Sapphire

Norwegian salmon farmer Nordlaks is to invest NOK 150 million (US$15.3m) in a share issue by Florida-based on-land salmon producer Atlantic Sapphire, according to a market announcement by Atlantic Sapphire today.

Go with the flow-through: Andfjord stocks first smolts

Go with the flow-through: Andfjord stocks first smolts

Norwegian on-land fish farmer Andfjord Salmon has stocked its first pool site at its site at Kvalnes on the island of Andøya.

MiniEgg laid in the water

MiniEgg laid in the water

A 21-metre-high floating closed containment salmon farm built for Norwegian sustainable aquaculture company Hauge Aqua has been placed into the water for the first time.

Portuguese retail giant buys 10.1% stake in on-land salmon farmer

Portuguese retail giant buys 10.1% stake in on-land salmon farmer

Jerónimo Martins, a Portugal-based international food industry group, has agreed to invest NOK 173.9 million (£14.4m) in Norwegian on-land fish farmer Andfjord Salmon through a directed private placement of new shares.

Lice prevention cut farmer’s costs by 25p/kg last year

Lice prevention cut farmer’s costs by 25p/kg last year

The impact that prevention of sea lice infestations has on salmon farming costs has been demonstrated by figures from Norwegian producer SinkabergHansen.

Norwegian fish carrier misses the subsidy boat

Norwegian fish carrier misses the subsidy boat

Fish farming wellboat operator, Norsk Fisketransport AS (NFT), has missed out on millions of kroner after forgetting to apply for a government subsidy.

Norway gives green light for production increase

Norway gives green light for production increase

The world’s biggest salmon farmer, Norway, has given the go-ahead for an increase of just over 21,000 tonnes of farmed salmon and trout production as part of its biennial “traffic light system” adjustments.

First smolts will go into unique fish farm this month

First smolts will go into unique fish farm this month

Andfjord Salmon, which is developing a novel on-land salmon farm on the island of Andøya in Norway, will stock its first pool with smolts towards the end of this month, it announced today.

Revealed: the impact of different delousing methods on salmon growth

Revealed: the impact of different delousing methods on salmon growth

All delousing treatments negatively affect the growth rate of farmed salmon but mechanical delousing, particularly thermal delousing, have had the biggest impact, researchers in Norway have found.

STIM licenses smoltification feed for China

STIM licenses smoltification feed for China

Norwegian fish health company STIM has signed an agreement licensing Danish feed producer Aller Aqua to produce SuperSmolt FeedOnly for salmon producers in Denmark and China.

Benchmark given credit for being green

Benchmark given credit for being green

Aquaculture biotechnology company Benchmark has converted an existing NOK 190 million (£16m) loan with Nordea Bank related to its salmon egg facility in Salten, Norway into a green loan, which has a marginally lower interest rate.

Higher prices soften biological blow for NRS

Higher prices soften biological blow for NRS

Norway Royal Salmon (NRS), which farms in Norway and Iceland, more than doubled operating profit for the first quarter of 2022 of NOK 133 million compared to the same period last year, when it made NOK 60m. EBIT per kg reached NOK 20.65 (Q1 2021: NOK 6.40).

Benchmark gets go-ahead for double use of Ectosan baths

Benchmark gets go-ahead for double use of Ectosan baths

Aquaculture biotechnology company Benchmark has been granted permission to re-use the treatment water for its novel Ectosan Vet lice treatment for a second batch of fish.

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