Trondheim, Norway-headquartered Norway Royal Salmon (NRS) has had NOK 400 million (USD 43.8 million, EUR 39.4 million) of its NOK 2 billion (USD 219 million, EUR 197.2 million) credit limit converted to a green loan by Danske Bank. The more favorable loan terms will help finance two major investment projects already in progress: Arctic Offshore Farming and a new smolt facility.
In 2018, NRS was granted eight development permits for the… Read More
Knut Nesse has been appointed CEO of the AKVA Group on a permanent basis, the company’s board of directors has confirmed.
Nesse joined the board in May 2019 and served as the chairperson from 16 August until he was appointed as interim CEO on 4 November, following the resignation of Hallvard Muri.
Nesse is the former CEO of Skretting and Nutreco, and is currently serving as the managing director of the Seafood Business for Ocean… Read More
Exports in Norway have been buoyed by increased harvests and prices in 2019, with the country closing in on – and likely to exceed – the NOK 100 billion (USD 10.9 billion EUR 9.8 billion) mark.
Seafood companies in Norway exported 273,000 metric tons (MT) of fisheries and aquaculture products worth NOK 10.5 billion (USD 1.1 billion, EUR 1 billion) last month, with the volume decreasing by 5 percent and the value rising 6 percent… Read More
Being better equipped to meet the rising demand for smoked fish products both from consumers in Finland and also from overseas markets was the main driver behind the multi-million-dollar expansion of Kalaneuvos Oy’s processing plant in Sastamala.
Costing EUR 28 million (USD 31 million), this new expansion more than doubles the family-owned group’s smoked fish production capacity to 8,000 metric tons (MT). The facility now houses 10… Read More
Mediterranean countries are falling well short of their commitment to protect at least 10 percent of marine and coastal areas, and to stop biodiversity loss in the region, the environmental NGO WWF is claiming.
According to the NGO’s latest analysis, only 2.48 percent of the Mediterranean Sea is protected under marine protected areas (MPAs) with management plans. The analysis states that this “is a far cry” from the minimum… Read More
Icelandic fisheries company Samherji has dismissed claims made in the media that it owned the company Cape Cod FS or that JPC Shipmanagement, which provided services to Samherji’s companies, held ownership of Cape Cod FS on Samherji’s behalf.
In a new statement, Samherji said these accounts are wrong, and that there is nothing in ongoing legal investigations that indicate otherwise.
“Samherji does not own and has never owned… Read More
The imminent departure of Scottish Sea Farms’ (SSF) production manager of 20 years, John Rea, has led the salmon producer to divide the role into the two separate positions: regional manager for the Scottish mainland and director of farming.
Taking up the regional manager post with immediate effect is Innes Weir, a former farm manager with SSF who went on to several international roles including, most recently, U.K. general manager for… Read More
Alban Denton, the managing director of independent Scottish salmon farming business Loch Duart, will retire at the end of this year.
Denton joined Loch Duart in 2015 and committed to the role for five years. He informed the board of his decision to not remain for the next cycle of investment and renewal several months ago.
“I have thoroughly enjoyed myself and the success we have had over the past five years. As managing director of a… Read More
Police in Norway are working with the country’s largest bank, DNB, to establish whether any laws were broken in its handling of payments from Icelandic fisheries company Samherji to Namibia.
The investigation follows the report by Iceland’s national broadcasting service RÚV that alleged Samherji had made illicit payments worth millions of dollars to secure fishing quotas in the African country.
DNB is cooperating with… Read More
University of Stirling’s Institute of Aquaculture (IoA) is to receive the United Kingdom’s most prestigious academic honor – the Queen’s Anniversary Prize.
Introduced in 1994, the accolade recognizes outstanding work that shows quality and innovation, and delivers real benefit to the wider world through education and training. It is part of the U.K. honors system, with prizes granted every two years.
The IoA was… Read More