Other Media | Fish Farmer: Benchmark Genetics sale now completed
NORWAY
Tuesday, April 01, 2025
The sale of Benchmark Genetics, the aquaculture breeding, egg supply and genetics services business, has now concluded and the company is now part of the Novo Holdings portfolio.
The Benchmark Group announced in November that it had agreed to sell its genetics arm to Novo Holdings, the holding and investment company responsible for managing the assets and the wealth of the Novo Nordisk Foundation.
The sale valued Benchmark Genetics at up to £260m on, including an initial consideration of £230m and an additional contingent consideration of up to £30m in the form of an earn-out.
Author: Robert Outram / Fish farmer l Read the full article here
The groundbreaking 'Bay Area Lingding,' recognized as the world's first smart far-sea aquaculture platform, has been officially named.
This innovative vessel, equipped with a pollution-free seawater exchange system, is undergoing final construction in Zhuhai City, Guangdong Province, China, with sea trials scheduled for April and official delivery anticipated in June.
Bakkafrost, the prominent Faroese salmon farmer, has announced substantial first-quarter harvest volumes, showcasing significant production growth, according to a recent stock exchange disclosure.
The company, with operations in the Faroe Islands and Scotland, reported a total harvest volume of 25,200 metric tons. This impressive figure is attributed to an average salmon weight of 5.1 kilograms in the Faroes and 6.7 kilograms in Scotland. In comparison, the company harvested 14,294 metric tons in the Faroes and 7,263 metric tons in Scotland during the same period last year, demonstrating a notable year-over-year increase.
Bakkafrost also reported stocking 3.2 million smolts in the Faroe Islands and 600,000 in Scotland, ensuring continued production capacity.
Notably, the Faroe Islands experienced zero event-based mortality costs in the quarter, while Scotland's mortality costs decreased significantly to DKK 8 million (approximately $1.16 million USD), down from DKK 18 million in the first quarter of 2024. (Note: Exchange rate used is approximate).
The company is set to release its comprehensive first-quarter report on May 19th.
Despite these positive production figures, Bakkafrost's stock has seen a decline of nearly 30 percent over the past year, closing at NOK 490.80 on Tuesday.
The 12th Anfaco World Tuna Conference, Tuna Vigo 2025, is getting underway just over five months before its event, which will take place on September 11 and 12 at the Afundación Vigo venue. Alfonso Villares, Regional Minister of the Sea of ??Galicia, and Roberto Alonso, Secretary General of Anfaco-Cecopesca, accompanied by representatives of the event's various sponsors (Marine Instruments, Nautical, Hermasa, Abanca, AON, and Canon), presented the main new features of this edition today at the headquarters of the Pontevedra Business Confederation (CEP). Registration is now open.
Source: Industrias Pesqueras l Read the full article here
Austrian food-tech start-up Revo Foods is launching “EL BLANCO”, an alternative to black cod made of fungi protein and microalgae oils. The product is produced with a new 3D extrusion technology, giving an attractive look of scaled fish filets. This product shows the versatility of 3D Extrusion Technology to create filet-, and steak-like products at scale.
Following the successful launch of “THE FILET – Inspired by Salmon”, Austrian food-tech company Revo Foods is now introducing its newest innovation: EL BLANCO – Inspired by Black Cod. EL BLANCO is a whitefish-filet alternative for black cod.
A consortium of companies in Norway and Iceland have put into use netting that’s been derived from recycled fishing gear.
Nofir has joined with AKVA Group Egersund Net, Aquafil, Grieg Seafood and Hampiðjan to developed and produced this first net for salmon farming use, made using nylon recycled from used nets, fishing gear and other products. The filaments are made from regenerated nylon from ECONYL, and the project is supported by Handelens Miljøfond.
The first net has been made for a Grieg Seafood facility.
Farmed salmon contributed £187 million to the economy of Scotland’s Western Isles in 2024, according to figures from industry body Salmon Scotland.
The value reflects sales from farming operations in the islands, which support 420 full-time jobs — making salmon farming one of the largest private sector employers in the region.
The figures come in the wake of a Scottish parliamentary rural affairs committee report, which called for stronger regulation of the sector. Some stakeholders have pushed for a moratorium on new farm sites due to environmental concerns.
Source: SalmonBusiness l Read the full article here
Bioled Photoperiod, a leading Chilean innovator in aquaculture photoperiod systems, has forged a strategic representation agreement with Tilad Group, a Riyadh-based conglomerate specializing in sustainable solutions across diverse industries, including aquaculture.
This partnership marks a significant step in bringing Bioled's cutting-edge technology to the rapidly expanding aquaculture sector in Saudi Arabia and the wider Gulf Cooperation Council (GCC) region.
The alliance will facilitate the deployment of Bioled's advanced equipment and services in both existing and future aquaculture projects, promoting greater efficiency, responsibility, and sustainability within the region's burgeoning industry.
Cristina Navarro, General Manager of Bioled, emphasized the agreement's strategic importance, stating,"This milestone enables us to introduce our technology to a dynamic and fast-growing market. Saudi Arabia is at the forefront of major aquaculture initiatives, and we are confident that we will serve as a pivotal partner in enhancing both productivity and sustainability for local producers."
Franco Cerda, Head of Aquaculture at Tilad Group, echoed this sentiment, adding, "We recognize the exceptional quality and impactful nature of Bioled's solutions and believe they will deliver substantial value to our clientele. This alliance reinforces our unwavering commitment to advancing state-of-the-art technologies within Saudi Arabia's aquaculture industry."
The company stated that it is almost halfway toward achieving all of its 2030 sustainability ambitions.
BioMar's 2024 Sustainability Report today reported a record-low FFDR of 0.37, achieved through the innovative use of ingredients and alternative cuts, which now represent 55% of total marine ingredients. However, the company explained that changing raw material market conditions could make it difficult to maintain this position long-term.
In this context, BioMar Group CEO Carlos Díaz mentioned that "we have had an impressive year of sustainability."
The Vigo shipyard will build the research vessel equipped to navigate the Arctic with biodiesel and batteries
The Vigo shipyard continues to build business in the field of oceanographic construction. Denmark has awarded the Galician shipyardFreire Shipyard its new 70-meter-long vessel, "a research and education platform of the highest international standard." Named Dana V, it will serve all Danish scientific centers.
Author: Alejandra Pascual / La Voz de Galicia l Read the full article here
Port Lincoln, Australia-based vertically integrated shellfish producer Yumbah Aquaculture is making progress in its attempt to acquire Eyre Peninsula, Australia-based aquaculture company Clean Seas.
Business News Australia has reported that the deal is worth AUS 28.1 million (USD 17.1 million, EUR 16.2 million).
Clean Seas' voted to move forward with the deal in February 2025. Then on 31 March, the company announced that it had entered a Scheme Implementation Deed (SID) wherein Yumbah would acquire all shares in the company for AUS .14 (USD .09, EUR .08) per share.
Author: Erin Spampinato / SeafoodSource l Read the full article here
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