A memorandum of understanding has been signed by BioMar Group and Síldarvinnslan for the construction of a high-tech aquafeed production facility in Iceland, with the aim for the venture to achieve net-zero within its own operations.
BioMar said that through the move, it will become the only global feed company in the Icelandic market, while Síldarvinnslan expects to be able to fully-utilize by-products from its
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Norway-based aquaculture services and equipment provider AKVA Group has released its full Q2 results after releasing preliminary results earlier in the month, confirming earlier indications the company lost money due to inflationary pressure.
AKVA Group delivered second-quarter 2022 revenues of NOK 907 million (USD 95.1 million, EUR 92.4 million), an increase of 9 percent, or NOK 75 million (USD 7.9 million, EUR 7.6 million), compared with the
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Billund, Denmark-based recirculating aquaculture system (RAS) supplier Billund Aquaculture Group has landed new investments, with a Norwegian group taking a major stake in the business.
Behind the new shareholders are three Norwegian families with significant and long-standing interests in the aquaculture industry. They are the Refsnes family, who own part of the salmon producer Refsnes Laks and are the founders of Columbi Salmon; the
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Rapid price increases seen across all its business areas has Iceland Seafood International (ISI) expecting to post a H1 2022 loss before tax of EUR 1.8 million (USD 1.8 million).
In its draft results statement for the six-month period spanning January to June 2022, the Reykjavik, Iceland-headquartered seafood firm said its Northern European value-added business has been especially impacted by price increases, as it
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AKVA Group has posted Q2 2022 revenues of NOK 907 million (USD 93.5 million, EUR 91.3 million), up 9 percent year-over-year.
AKVA’s full Q2 results will be delivered on 12 August, 2022. However, according to the Stavanger, Norway-based aquaculture services and equipment provider’s preliminary results statement, its profitability has been significantly impacted by increased costs from high inflation rates,
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A project funded by the Sustainable Aquaculture Innovation Centre (SAIC) is trialing the use of a new 3D digital modeling system to map out and monitor complex marine environments and habitats, with the aim of supporting Scottish seafood producers.
Using remotely operated vehicles (ROVs) and underwater imaging technology, a team of experts plan to create digital twins of the seabed. The project is being led by Oban-based Tritonia
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Sweden has been allocated EUR 115.9 million (USD 118.1 million) in European Union funding to help promote the sustainable growth of the country’s fisheries and aquaculture sectors, and to stimulate innovation and cross-sector collaboration.
The European Commission has adopted the European Maritime, Fisheries, and Aquaculture Fund (EMFAF) Program for the country and will implement the E.U. common fisheries policy and priorities outlined in
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The Sustainable Aquaculture Innovation Centre (SAIC) has appointed Jillian Couto-Phoenix to serve as SAIC's new head of skills and talent, with the task of leading the Scotland-based organization’s career-development programs to help attract new talent to the sector.
Couto-Phoenix joins SAIC from the National Manufacturing Institute Scotland, where she was a program manager for the National Transition Training Fund, focusing on upskilling
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Seafood demand will diminish in the second half of 2022 amid persistently high production costs, according to new analysis compiled by the RaboResearch unit of Rabobank.
The “Global Aquaculture Update 2H 2022,” subtitled “On the Brink of Recession,” also reports that the profits of salmon and shrimp farmers are likely to decline from their recent highs, and that the remaining months of 2022 may be challenging for both
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