To underpin its endeavours in the field of offshore fish farming, SalMar has confirmed the appointment of Trine Sæther Romuld as chief financial officer and director of strategy at its subsidiary SalMar Ocean ...
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Kverva, Norway-headquartered salmon farmer SalMar ASA saw declines stemming from the COVID-19 pandemic, but still managed to have a solid year financially.
SalMar delivered total operational earnings before interest and taxes (EBIT) of NOK 413.8 million (USD 49.6 million, EUR 40.5 million) in the fourth quarter of last year, down from NOK 658.1 million (USD 78.9 million, EUR 64.5 million) in Q4 2019.
Operational EBIT for the full-year 2020… Read More
Seafood and aquaculture businesses previously omitted from the United Kingdom’s Seafood Disruption Support Scheme are now able to apply for some of the GBP 23 (USD 32.4 million, EUR 26.7 million) financial aid after the government extended the scheme.
The country-wide fund, initially announced on 19 January, is intended to provide financial assistance to businesses that suffered a financial loss because of delays related to the export… Read More
Arctic Fish Holding AS has begun trading on Euronext Growth Oslo following a successful private placement totaling NOK 600 million (USD 71.1 million, EUR 58.4 million) through the allocation of more than 9.8 million shares… Read More
Faroe Islands-headquartered Bakkafrost Group saw decreased earnings before interest and taxes (EBIT) in the fourth quarter, due in large part to the depressed global market for salmon.
Bakkafrost Group delivered total operational earnings before interest and taxes (EBIT) of DKK 88.5 million (USD 14.5 million, EUR 11.9 million) in the fourth quarter of 2020, down from DKK 415.3 million (USD 67.9 million, EUR 55.8 million) in the… Read More
Norwegian aquaculture and fishing producer Lerøy Seafood Group (LSG) has confirmed its intention to expand its recirculating aquaculture system (RAS) capabilities with a potential new facility in the region of Vestland, in western Norway… Read More
Pump manufacturer Framo has confirmed that it has become a joint partner with fellow Norwegian company Lingalaks AS in the company StadionLaks, and will collaborate on the development of the Stadion Basin innovation project, a new closed, floating production system for Atlantic salmon …
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Lerøy Seafood Group (LSG) reported operating profit before fair value adjustments of NOK 441 million (USD 52.3 million, EUR 43.1 million) for the fourth quarter of last year, down 43 percent from the NOK 769 million (USD 91.2 million, EUR 75.1 million) achieved in the corresponding period of 2019 ...
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Scottish salmon farmer Loch Duart plans to introduce a new steel cage system to its production in the northwest of the country this year as it seeks to improve safety, improve fish care and handling, and reduce operational costs ...
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