Bottom-trawling – regarded as one of the most-destructive fishing methods – could be largely replaced in European Union fisheries by far less-aggressive, readily-available fishing gears, according to a new report published by ocean protection organizations Seas at Risk and Oceana.
The report, “Exploring Alternatives to Europe’s Bottom Trawl Fishing Gears,” found that bottom trawling is the main fishing method used
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Seltjarnarnes Iceland-based salmon-farming company Ice Fish Farm AS (IFF) has reported an increased Q2 operating income of NOK 87 million (USD 8.3 million, EUR 8.5 million) for the three months ending 30 June, 2022, compared with NOK 69 million (USD 6.6 million, EUR 6.7 million) in Q2 2021.
Ice Fish Farm’s concentration on selling on the spot market allowed it to achieve a good price for relatively small-size fish, IFF said in a
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The government of Norway has proposed a new resource rent tax on aquaculture, with effect from 1 January, 2023, which will affect producers of salmon, trout, and rainbow trout.
The tax is expected to generate proceeds of between NOK 3.65 billion and NOK 3.8 billion (USD 347 million and USD 361.2 million, EUR 355.6 million and EUR 370.2 million) annually. According to the plan, which would need to be approved by parliament, half of the revenues
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Scottish salmon farmers have saved a historic dam in order to maintain a wild salmon run.
Fincastle Dam, located in West Harris, on the Western Isles of Scotland, is a Victorian-era structure built in the 1890s. The dam forms nearly the entire western bake of Loch Fincastle, and forms an integral part of the landscape and helps support wild salmon spawning grounds in the Laxdale River.
Roughly a year ago, the dam sprung a leak and was on the
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Mowi Scotland has appealed a recent refusal of its proposal to expand its Loch Hourn farm in Scotland, citing a lack of fact-based reasons to refuse the expansion.
Mowi’s proposal called for an increase in the production capacity of the farm from a limitation of 2,500 metric tons (MT) of production to 2,750 MT – a 10 percent increase in salmon production that the company would farm in fewer, larger pens.
The Loch Hourn salmon
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Nesle, France-based insect meal producer Innovafeed has raised USD 250 million (EUR 256.1 million) in Series D funding with the round led by Qatar Investment Authority (QIA), existing investors Creadev and Temasek, and new investors ADM and Cargill – both of whom have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement, and Grow Forward.
This latest round of
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Having recently secured Aquaculture Stewardship Council (ASC) accreditation for its operations on the west coast of Scotland, Scottish Sea Farms has now secured the first certification for a salmon farm in Orkney.
The Lober Rock site, at the southeast corner of Scapa Flow, underwent a series of audits to meet the criteria for ASC certification. The farm, which became operational three years ago, has had a very strong start, with 91 percent
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A fourth round of funding from the GBP 100 million (USD 113.4 million, EUR 114.2 million) UK Seafood Innovation Fund (SIF) has opened, with the government project providing GBP 3 million (USD 3.4 million, EUR 3.4 million) of funding for new solutions that help address challenges across the sector.
The new funds take the total funding made available under the scheme to-date to GBP 19 million (USD 21.5 million, EUR 21.7 million), with
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By 2030, Lerøy Seafood Group (LSG) wants to achieve annual revenue of NOK 50 billion (USD 4.8 billion, EUR 4.9 billion), the Norwegian fish farming and fishing company advised ahead of the opening of its Capital Markets Day.
In a filing with the Oslo Stock Exchange on 22 September, 2022, LSG stated that over the past 20 years, it has developed a fully integrated value chain for seafood, with an average revenue growth of 12 percent per
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As part of its drive to increase public awareness and understanding of the salmon-farming sector, Scottish Sea Farms has welcomed a record number of visitors to its locations this year.
Between January and September 2022, the company hosted 270 visitors across the farming estate, including the freshwater hatchery in Barcaldine, marine farms, and processing facilities.
The producer said that in many instances, individuals and organizations
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