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Aquaculture News

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

AquachileHQ

Major farmed salmon and trout producer AquaChile has reported positive results in its third quarter report. However, the totals were not nearly enough to overcome a cumulative loss in 2016 of tens of millions of dollars caused by the toxic algae bloom in February and March, which resulted in large-scale salmon mortalities in Chilean waters.

The Puerto Montt, Chile-based company recorded a third-quarter profit of USD 8.9 million (EUR 8.4 million), the result of higher prices for salmon on the...

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Scottish salmon farm

Investment in Scottish salmon farming has continued to increase, signaling “a significant vote of confidence” in the long-term sustainability of the sector, according to a new study compiled by the Scottish Salmon Producers Organisation (SSPO).

SSPO’s latest economic report finds capital investment in Scottish salmon farming totaled GBP 63.1 million (USD 78.5 million, EUR 73.6 million) last year, an increase of 16 percent.

“The last few years have seen an increased confidence in salmon...

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Marine Harvest's egg concept

The Norwegian Directorate of Fisheries has informed Marine Harvest that its fully enclosed salmon farming concept known as “the egg” qualifies in general for the government’s development license scheme and that four licenses for this project could be awarded.

Marine Harvest applied for 14 development licenses in relation to its egg technology in February this year, saying that the concept had many advantages compared to conventional farmed salmon production with regard to minimizing...

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Scottish Salmon Company salmon

The Scottish Salmon Company recorded a loss before interest and taxes of GBP 12.5 million (USD 15.6 million, EUR 14.7 million) for the third quarter of this year, down from a profit of GBP 716,000 (USD 892,275, EUR 842,386) in Q3 2015, with Managing Director Craig Anderson attributing the result to “unprecedented levels” of fish mortality and lower harvest weights in what is historically a low volume quarter for the industry.

The Edinburgh-based company, which operates sites across the west...

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USDA Logo 318x203

The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) has announced four grants totaling USD 1.2 million (EUR 1.13 million) to support the development of environmentally and economically sustainable aquaculture in the United States.

The grants will support research taking place at universities across the United States, according to a USDA press release. The funds were awarded through the Aquaculture Research Program authorized by the Competitive...

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