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Aquaculture News

SeafoodSource.com covers breaking news articles that pertain to the global aquaculture industry. 

SalMar Offshore Farm

SalMar ASA delivered operational earnings before interest and taxes (EBIT) of NOK 732 million (USD 89.1 million, EUR 79 million) in the second-quarter of this year, more than double that achieved in the corresponding period of 2015 and its highest on record, citing unprecedented high prices for the improved financial performance.

Operating income in the last quarter neared NOK 2.3 billion (USD 280 million, EUR 248.2 million), up from NOK 1.8 billion (USD 219.1 million, EUR 194.3 million) in Q2...

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Scottish Salmon Company logo

The Scottish Salmon Company harvested 6,382 metric tons (MT) of farmed salmon in the second-quarter of this year, down from 8,199 MT in Q2 2015, achieving revenues of GBP 28.5 million (USD 37.7 million, EUR 33.4 million), down 9 percent year-on-year. Its earnings before interest, taxes, depreciation and amortization (EBITDA) in the last quarter amounted to almost GBP 5 million (USD 6.6 million, EUR 5.9 million), up from GBP 4.3 million (USD 5.7 million, EUR 5 million) a year previously.

The...

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China solar panel

China can solve its aquaculture problems, like over production and poor quality, in one sweep by rolling out solar panels, according to one of China’s most respected agricultural analysts.

Aquaculture farmers can treble their earnings by installing solar panels and selling electricity to the grid, according to Wu Yong, CEO of Tuliu Wang, a consultancy and online portal tracking the trade in China’s farmland. He has calculated that each mu – there are 15 mu in a hectare – is worth CNY 60,000...

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Bakkafrost salmon processing

Bakkafrost Group delivered total operational earnings before interest and taxes (EBIT) of DKK 307.1 million (USD 46.7 million, EUR 41.3 million) in the second-quarter of this year, a slight increase compared with Q2 2015. But despite higher spot prices, its operating revenues in the last quarter fell to DKK 789.7 million (USD 120.2 million, EUR 106.1 million), which it has attributed to lower harvested volumes and less fishmeal sales.

In total, the Faroe Islands-based Atlantic salmon farmer...

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Marine Harvest salmon

Marine Harvest achieved operational earnings before interest and taxes (EBIT) of EUR 149 million (USD 168.5 million) in the second-quarter of this year, up 78 percent from the EUR 84 million (USD 95 million) posted in the corresponding quarter of 2015.

“Driven by unprecedented prices due to strong demand and reduced supply, we achieved all time high operational results. Farming results in Norway, considering the high contract share, and Canada were very encouraging. Further, the market balance...

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