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IN BRIEF - Salmon Evolution ASA: Q3 2024 operational update

NORWAY
Wednesday, October 02, 2024

Salmon Evolution ASA (the “Company”, OSE: SALME) harvested 680 tonnes HOG in Q3 and reiterates the harvest guidance of approximately 2,500 tonnes HOG for the second half of 2024, taking full year harvest volume to approximately 5,000 HOG. The Company had good biomass buildup during the quarter, with steady improvement in daily growth rates and continued strong results on key parameters such as feed conversion ratio, mortality and superior grade share.

Q3 operational summary:

  • Harvest of 680 tonnes HOG with superior grade share of 98 %.
  • All-in price realization of NOK 72/kg.
  • Average weight of 3.3 kg (HOG), up 10 % from Q2.
  • Standing biomass of 2,582 tonnes LW end Q3.

"Biomass production is steadily improving at Indre Harøy, with a wide range of initiatives ongoing to take out the full growth potential”, CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said. “The standing biomass is close to record levels going into Q4, which together with a further increase in expected harvest weights, makes us well positioned to capitalize on the expected price rebound”, he said.


IN BRIEF - Research Vessel 'Abate Molina' Begins the Year Investigating Anchovy and Common Sardine

CHILE
Wednesday, January 14, 2026

On January 6, the research vessel Abate Molina set sail from the Port of Valparaíso. For 28 days, IFOP professionals and technicians will be dedicated to characterizing and evaluating the stock of anchovy and common sardine resources present between the Valparaíso and Los Lagos Regions, using hydroacoustic methods, during the peak recruitment period and in the following autumn.

The ship's captain is José Echeverría (left), and the cruise leader is fisheries engineer René Vargas (right).

Specific Objectives:

  • To estimate the stock size of anchovy and common sardine resources and their spatial distribution during the peak recruitment period in the study area.
  • To characterize and analyze, within a spatiotemporal context, the demographic composition and its interannual variation of the evaluated stocks using biological indicators.
  • Characterize and analyze the bio-oceanographic conditions present in the study area and their relationship to the spatial distribution of resources.
  • Characterize the aggregations of anchovy and common sardine resources in the study area.
  • Implement the Continuous Improvement Plan for hydroacoustic assessment studies of pelagic resources: anchovy, common sardine, southern sardine, and jack mackerel, as appropriate, according to the priorities identified in the plan's development and the available budget.

IN BRIEF - Salmon Evolution ASA (OSE: SALME): Update on partnership model in Korea

SOUTH KOREA
Tuesday, January 13, 2026

Salmon Evolution ASA (“Salmon Evolution is pleased to provide an ” or the “Company”) update on the partnership with Dongwon Industries in Korea.

The parties have agreed to replace the existing joint venture agreement with a technical advisory agreement, upon which Salmon Evolution will provide technical advisory services on market terms. This positions Dongwon Industries to advance the project on its own terms, with full responsibility for project financing.

Key highlights of the updated partnership model:

  • Salmon Evolution will provide technical advisory services on market terms, including provisions for potentially significant royalty payments linked to certain operational milestones. 
  • Salmon Evolution have no further investment commitments under the new agreement. 
  • Salmon Evolution remains a minority shareholder and key contributor in the project, although its current 49% ownership is expected to be diluted over time. 
  • Salmon Evolution retains a  five-year at market terms.

This updated structure reflects Salmon Evolution’s strategic priorities in the near to medium term, hereunder continued focus on operational excellence and phase 2 project execution at Indre Harøy, while at the same time leveraging the significant human capital built up in recent years.


Other Media | La Voz de Galicia: Mediation to Unblock Canning Agreement Fails

SPAIN
Tuesday, January 13, 2026

The meeting held on January 12 at the Interconfederal Mediation and Arbitration Service (SIMA) in Madrid, aimed at unblocking the collective bargaining agreement for the fish canning sector, which governs the labor relations of some 30,000 workers and 400 companies in Spain, has failed. In a joint statement, the unions CC.OO., CIG, and UGT explained that the mediation attempt "ended without an agreement due to the employers' blockade."
The meeting was held precisely because the Spanish Federation of Associations of Processing Industries and Marketers of Fishery and Aquaculture Products (Feicopesca) filed a complaint against these three unions with SIMA for blocking the agreement.
 
Source: La Voz de Galicia | Read the full article here

Other Media | Industrias Pesqueras: Eurored Group: Tradition and Technology at the Service of Auxiliary Fishing

SPAIN
Tuesday, January 13, 2026

After fifty years supporting the fishing fleet, Eurored Group has built a legacy based on tradition, dedication, and commitment to those who work at sea. Its in-depth understanding of the operational needs of the fishing industry has allowed it to become a leader in the manufacture of fishing gear and the comprehensive supply of high-performance equipment.
 
The heart of this specialization is its technical department, where an experienced team designs gear optimized for each vessel, working with captains and shipowners to develop efficient configurations tailored to the demands of onboard operations.
 
Source: Fishing Industries | Read the full article here

Other Media | SeafoodSource: Despite years of delays, Russia touts positive results of investment quota efforts

RUSSIAN FEDERATION
Tuesday, January 13, 2026

Despite delays that forced Russia to heavily postpone the deadline of its investment quota program, the country said new processing facilities and vessels stemming from the program are benefiting the industry.

Russia’s investment quota programs got their start in the country’s crab industry in 2018, which saw the government auction off 50 percent of available quotas via auctions that came with additional investment requirements for companies. Those requirements included the construction of new fishing vessels in Russian shipyards or new seafood-processing facilities, with the goal of modernizing the country’s seafood infrastructure.

Author: Chris Chase / SeafoodSource | Read the full article here


Other Media | Fish Focus: Joining forces on harmful algae

AUSTRALIA
Tuesday, January 13, 2026

PML leads satellite project with NZ partner.  As South Australia confronts one of its most damaging harmful algal blooms (HABS) on record, a new UK–New Zealand research project led by Plymouth Marine Laboratory (PML) will boost monitoring of phytoplankton that produce toxins, early-warning systems and coastal resilience across the Southern Hemisphere.

In Australia, an unprecedented harmful algal bloom, described like an “underwater bush fire”, has swept through coastal waters, leaving devastation in its wake. 

Source: Fish Focus | Read the full article here


Other Media | fishfarmingexpert: Salmonids made up 29% of Chile's food export earnings last year

CHILE
Tuesday, January 13, 2026

Chilean salmonid exports were worth US $6.549 billion (£4.87bn) last year, according to industry body SalmonChile’s latest export bulletin (in Spanish).

The sector accounted for approximately 29% of the value of food exports, which equates to 15% of Chile's non-mining shipments and 6% of the value of all Chilean exports (including mining) in 2025, reports Fish Farming Expert's Chilean sister site, Salmonexpert.cl.

The value of Chile’s exports grew by 8% year-on-year, while the value of salmon and trout exports increased by 3%, maintaining the salmonid sector’s position as Chile's second-largest export, behind copper and ahead of important sectors such as wine ($1.536bn), lithium ($2.366bn), and forestry and cellulose ($5.873bn).

Author: Loreto Appel / fishfarmingexpert | Read the full article here


Other media | Faro de Vigo: Falkland squid duty-free closes another record year for imports: 48,000 tons

FALKLAND ISLANDS
Monday, January 12, 2026

  • The duty-free quota for "Loligo" squid has increased by 50% compared to 2024, as a result of a better fishing season and the improvement of European regulations promoted by Conxemar.
  • Compared to 2023, the year before the regulatory change, the quota has skyrocketed by 600%.
 
The fine print can have big consequences. This phrase perfectly summarizes what has happened with the autonomous tariff quota (ATQ) for Falkland squid, which allows the duty-free import of 75,000 tons of Loligo squid per year so that the European seafood industry can supply itself competitively.
 
Author: Jorge Garnelo / Faro de Vigo | Read the full article here

Other Media | WorldFishing: Oceana urges Cyprus ocean leadership

CYPRUS
Monday, January 12, 2026

As Cyprus begins its presidency of the Council of the European Union, environmental organisation Oceana is calling on the island nation to set a clear and ambitious course for Europe’s ocean future, centred on recovery, resilience and long-term food security.

The first half of 2026 is expected to be pivotal for EU marine policy. During this period, the European Commission will conclude its evaluation of the Common Fisheries Policy (CFP) and decide whether to revise one of the bloc’s most important fisheries laws.

Source: Worldfishing | Read the full article here


Other Media | Fish Farmer: Three seafood businesses in layoffs

NORWAY
Monday, January 12, 2026

A number of Norwegian seafood and salmon-related companies have laid off workers as problems gather around some sections of the industry.

Reports from Norwegian trade press suggest that smaller independent companies have been finding life difficult.

Alf-Gøran Knutsen, CEO of 1814 Salmon, told the regional newspaper Eidsvoll Ullensaker Blad that the company has laid off between 40 and 60 employees, including himself.He said the company managed to avoid full layoffs last year, but this time it had not been possible. He added that it was hoped to start back again as soon as possible.

Author: Vince McDonagh / Fish Farmer | Read the full article here


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