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SalMar jumps into bidding for Norway Royal Salmon

SalMar jumps into bidding for Norway Royal Salmon
seafoodsource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seafoodsource.com Daily Mail and Mail on Sunday newspapers.

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Iceland Ocean Cluster angles for "blue venture capital" in aquatic economy


This week, the Iceland Ocean Cluster (IOC), a pioneering, aquatic startup incubator in Reykjavik, celebrated its tenth anniversary amid multiple milestones in its mission to develop a “blue economy” of investments in and around Icelandic waters. IOC, headquartered in Reykjavik Harbor, is a meetup and matchmaker for industry, R&D, startups, and venture capital investors. The presence and proactiveness of this harbor hothouse has played no small role in creating a culture of global entrepreneurship in the Icelandic ocean economy, a sector valued at around $5-6 billion, or 25 percent of Iceland’s total economy, but with plenty of room to grow. ....

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Iceland shines for NRS, but Norway disappoints – Fish Farmer Magazine


Norway Royal Salmon today announced a first quarter operating profit of NOK 60m (£5m) during the first quarter of 2021, down from NOK 75m (£6m) a year earlier. The latest quarter’s profits were also appreciably lower than the NOK 87m (£7.46m) some industry analysts were expecting.
Although Arctic Fish, its recent Icelandic acquisition, performed particularly well, CEO Charles Høstlund made it clear he was not satisfied with some aspects of operations in Norway.
The operating profit or EBIT per kilo was NOK 6.4 (£0.55) against NOK 16.53 in Q1 2020 (£1.42).
Høstlund said: “This is the first quarter the Icelandic farming company Arctic Fish has been consolidated into the NRS group. ....

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