Faroe Islands

SEAFOOD

SEAFOOD

Atlantic salmon farmer Bakkafrost Group harvested a total 20,800 tonnes of head-on gutted (HOG) weight fish in the third-quarter of this year, with reduced volumes for the period from both its Faroese…

5th October 2023

Lower Q3 salmon harvest for Bakkafrost, feed sales down

5th October 2023

AQUACULTURE

AQUACULTURE

Faroe Islands-headquartered salmon farmer Bakkafrost Group has advised that preliminary results of the unaudited consolidated accounts for the second-quarter 2023 indicate a lower-than-expected operational earnings before interest and taxes (EBIT).

17th July 2023

Bakkafrost issues Q2 profit warning

17th July 2023

AQUACULTURE

AQUACULTURE

Bergen, Norway-headquartered Mowi ASA posted operational earnings before interest and taxes (EBIT) of approximately €300 million for the second-quarter of this year, some €20 million less than in the corresponding period of…

17th July 2023

Mowi Q2 harvest increases but earnings fall

17th July 2023

FISHERIES

FISHERIES

The Government of the Faroe Islands has imposed further restrictive measures against Russia by considerably limiting port access for Russian fishing vessels.

10th July 2023

Extended closures for Russian fishing vessels

10th July 2023

FISHERIES

FISHERIES

The Government of the Faroe Islands is to impose further restrictive measures against Russia by increasing limits on port access for Russian fishing vessels.

1st June 2023

Faroes extends ban on Russian fishing vessels

1st June 2023

AQUACULTURE

AQUACULTURE

The new revenue tax for the Faroe Islands’ salmon farming industry proposed by the recently-elected government has been passed by parliament.

18th May 2023

Faroes parliament okays increased salmon tax

18th May 2023

AQUACULTURE

AQUACULTURE

Atlantic salmon producer Mowi ASA harvested 102,500 tonnes of gutted weight equivalent (GWE) fish in the first-quarter of this year, some 5,500 tonnes more than in the corresponding period of 2022, and…

18th April 2023

Higher first-quarter harvest for Mowi, earnings rise

18th April 2023

AQUACULTURE

AQUACULTURE

The volume of salmon harvested in the Faroe Islands by the Bakkafrost Group in the first-quarter of this year decreased by 6,500 tonnes year-on-year to the equivalent of 11,000 tonnes head-on gutted…

6th April 2023

Bakkafrost’s Scottish salmon harvest doubles

6th April 2023

AQUACULTURE

AQUACULTURE

The recently-elected Faroese government has issued a proposal to adjust the revenue tax for the salmon farming industry, effective from 1 August 2023 if passed as is by parliament. 

13th March 2023

Faroes looks to raise salmon farming tax

13th March 2023

AQUACULTURE

AQUACULTURE

Faroese salmon producer, Bakkafrost, has made earnings before tax and interest of DKK376 million (€50.5 million) in the last quarter of 2022 with a net loss of DKK154 million (€20.69 million).

22nd February 2023

Bakkafrost: Q4 satisfactory

22nd February 2023