Smaller harvest but good performance for SSF Scottish Sea Farms made less money in the first three months of 2019 than in the corresponding period last year, according to a quarterly report published by its Norwegian joint owner, SalMar, today.
SalMar boss warns of tax threat to Norway’s salmon The chief executive of salmon farming heavyweight SalMar, which owns a 50% stake in Scottish Sea Farms, has warned that any new taxes on the industry undermine its future success in Norway.
Icelandic addition pushes SalMar harvest total up Norwegian fish farmer SalMar harvested 35,400 tonnes (gutted weight) of salmon in the first quarter of 2019, it said in a trading update today.
Ocean Farm’s big brother will go ahead says SalMar SalMar-owned MariCulture AS is to proceed with plans for a huge open-sea salmon farm after winning permission to grow 6,240 tonnes of biomass.
Punishments can be tough if cartel is proved, say lawyers Salmon farmers suspected of acting as a cartel to keep prices high may face serious punishments if the allegations are proved, according to Norwegian legal experts in the field.
SalMar pays £16m for majority stake in Arnarlax Norwegian salmon farmer SalMar has agreed a share purchase that will give it a majority stake in Icelandic fish farmer Arnarlax.
Scottish Sea Farms earns for more for less in Q4 Scottish Sea Farms earned more money from fewer fish in the fourth quarter of 2018 compared to the same period in 2017, co-owner SalMar reported today.
Ocean Farm 1 escape total worked out at 16,000 Around 16,000 salmon escaped from SalMar’s experimental Ocean Farm 1 cage last September, it has been revealed.
Ocean Farm 1 fish looking good ahead of harvest The first generation of salmon grown in SalMar’s revolutionary Ocean Farm 1 will be ready for harvest within the next couple of weeks, and the crop looks good, chief executive Olav-Andreas Ervik has said.
SalMar chief financial officer Tuvstein resigns Trond Tuvstein, chief financial officer of Norwegian salmon farmer SalMar, has notified the company that he is resigning from his position, the company announced today.
SalMar harvests 40,500 tonnes in Q4 2018 Fish farmer SalMar harvested 40,500 gutted weight tonnes of salmon in its Northern Norway and Central Norway regions in the final quarter of 2018.
Q3 earnings fall by £7.7m for Scottish Sea Farms Scottish Sea Farms harvested fewer fish and generated lower gross operating revenues of NOK 547.3 million (£49.8m) in the third quarter of this year, compared with the corresponding period in 2017 when it earned NOK 631.9m (£57.5m).
Salmar tightens procedures after Ocean Farm 1 escape The chief executive of Norwegian salmon farmer Salmar, which owns the pioneering Ocean Farm 1, says the company has thoroughly reviewed and tightened operational routines following a fish escape from the facility in early September.
Fish escape from Ocean Farm 1 as structure tilts A small number of salmon escaped from SalMar’s flagship project, Ocean Farm 1, on Monday after the structure tilted and the top on the internal net dipped below the water line.
