Salmon giant Mowi has signed a major 2,600 million euro (£2,200m) sustainability linked loan agreement.
The five year rolling credit facility deal is with DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB and Crédit Agricole.
Mowi said the facility will be used to refinance existing bank debt and for general corporate purposes.
The principal financial covenant of the facility is a minimum equity ratio of 35%, and the facility includes an accordion increase option which provides flexibility for the parties to agree to increase the size of the facility by an additional EUR 400 million during the term of the facility.
Author: Vince McDonagh / Fish Farmer l Read the full article here
Gondán Shipbuilders has completed the delivery of the "Austri Enabler," the last in a series of six Commissioning Service Operations Vessels (CSOV) manufactured for the Norwegian shipowner Edda Wind ASA.
Designed by Norway's Salt Ship Design, the 88-meter-long, 19.7-meter-wide vessel is part of a "new generation" of vessels designed to mark a turning point in the offshore wind energy sector. Thus, along with its sister vessels, it has been developed with the purpose of "maximizing operations in offshore wind farms, acting as the main support vessel during commissioning and maintenance work on offshore wind turbines''
Source: Industrias Pesqueras l Read the full article here
The Storting has today adopted the aquaculture report. The majority supported the Industry Committee's proposition, which is based on a broad political agreement between six parties on the future regulation of the world's biggest salmon farming sector.
The Labour Party, Conservative Party, Centre Party, Progress Party, Socialist Left Party and Liberal Party have previously come together on an agreement that strengthens and clarifies the direction of the report, and in the agreement the parties also agreed not to promote alternative majorities in proposals or comments that challenge the consensus in this agreement
Author: Ole Andreas Drønen / fishfarmingexpert l Read the full article here
The Ministry of Production highlights the recovery of industrial fishing and a significant increase in exports as key factors in the sector's advancement.
LIMA – Peru's industrial manufacturing production grew by 3.8% between January and April 2025, compared to the same period in the previous year, the Ministry of Production (PRODUCE) reported. This advancement is primarily attributed to increased activity in industrial fishing and a recovery in domestic demand.
The head of PRODUCE, Sergio González Guerrero, detailed that this positive result is linked to higher activity in industrial fishing, which was favored by conducive oceanographic conditions. These conditions boosted the production of fishmeal, fish oil, and frozen products. Additionally, the recovery of domestic demand, with an increase close to 5%, and a strong rise in industrial exports (+25.5%) significantly contributed to the sector's performance.
González Guerrero specified that primary manufacturing experienced a notable increase of 11.7% in the first four months of the year, driven by the greater availability of raw materials like anchovy for the canning and fishmeal industries.
NAKHODKA – Primorye shipbuilders have commenced construction on a new crab boat, the "Windys," set to bolster Russia's fishing fleet.
The vessel's keel was laid as part of the second stage of the nation's investment quota program, signifying a strategic move to enhance capacities for crab and shrimp harvesting in the Northern Pacific Ocean using traps.
The "Windys" is designed as a highly modern and efficient fishing platform. It will feature a robust boom capable of lifting fishing gear with a maximum load of 450 kg, complemented by a hydraulic cargo crane for seamless loading and unloading operations into its holds. The catch will be transported to port in chilled sea water to maintain optimal freshness. Built for resilience, the vessel is capable of conducting fishing operations in sea conditions up to 6 points, ensuring operational continuity in challenging environments. Plans also include onboard equipment for desalination and disinfection of water.
This specialized crab boat is being constructed for Tikhrybkom LLC at the Nakhodka Ship Repair Plant. The "Windys" is scheduled to be put into operation in 2029, marking a significant addition to Russia's modern fishing assets.
Akvaplan-niva's new technology offers aquaculture farmers unprecedented early warning capabilities, enabling proactive measures against parasitic infections.
TROMSØ – Norwegian research institution Akvaplan-niva has successfully developed and tested an innovative system capable of detecting free-swimming stages of salmon lice in real time, a significant advancement in the ongoing battle against these pervasive parasites in aquaculture. This breakthrough promises to provide fish farmers with crucial early warnings, allowing them to intervene before lice attach to their fish.
The newly developed technology utilizes a specialized camera, the UVP6, integrated with artificial intelligence (AI) that can recognize sea lice larvae within the water column. This real-time monitoring capability offers farmers precise information on where lice larvae are concentrated at a given location. Such data empowers them to more effectively assess and implement targeted protective measures, safeguarding fish welfare.
Furthermore, the system can be deployed to map the occurrence of sea lice in locations not yet in use for aquaculture, providing valuable insights for future site planning. The project, a collaborative effort, received funding from FHF (Norwegian Seafood Research Fund) along with a substantial contribution from Akvaplan-niva itself. This innovation represents a new step towards more proactive and data-driven strategies in managing salmon lice challenges.
This is the third vessel the Basque fishing company has disposed of, in the midst of debt restructuring.
Pesquería Vasco Montañesa (Pevasa) continues selling assets in the midst of debt restructuring. After the Playa de Bakio and the Playa de Aritzatxu, both sold in less than a year, the company has now sold the Playa de Noja, acquired by an American shipowner, a transaction brokered by shipbroker Albino Morán.
The 77-meter-long vessel was built by Balenciaga in the Basque Country and is 36 years old. Its new owners are now moving it to Nodosa Shipyard, in Marín, for work on the dock and the renovation of some of its equipment.
Authors: Lara Graña and Adrian Amoedo / Faro de Vigo l Read the full article here
Ecuador hit an all-time high for April exports of shrimp this year, sending 254 million pounds of shrimp abroad during the month, up 3.1 percent compared to the 246 million pounds the country shipped in the same month of 2024.
The value of those exports hit USD 606 million (EUR 530 million), jumping 12.5 percent when compared to the USD 539 million (EUR 471 million) sent abroad in April 2024, according to figures from Ecuador’s National Aquaculture Chamber (CNA).
China continued to be the top export destination for Ecuadorian shrimp, taking up 46 percent of Ecuador’s shrimp exports in April.
Author: Christian Molinari / SeafoodSource l Read the full article here
Grieg Seafood reported to police over major plastic pollution incident in Finnmark
Grieg Seafood has been reported to Norwegian police by the County Governor of Troms and Finnmark for what is described as “serious environmental crime” related to the unreported discharge of millions of plastic pellets into Laksefjorden.
According to the County Governor’s office, the incident involves the release of approximately 35 million plastic pellets from Grieg’s operations, which were neither immediately reported nor cleaned up as required under environmental law.
Source: SalmonBusiness l Read the full article here
Salmon Evolution announced today that it has entered into a credit facility of up to NOK 250m (£18m) with DNB Bank and Nordea Bank (Norwegian branch).
Salmon Evolution said the purpose of the new facility is to strengthen the company’s financial flexibility in light of a weaker than expected salmon market over the past 12 months.
Fresh salmon prices in Norway have consistently been at their lowest levels for almost two years although there are some signs of a revival.
Author: Vince McDonagh / Fish Farmer l Read the full article here
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The five year rolling credit facility deal is with DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB and Crédit Agricole.
SPAIN
Gondán Shipbuilders
The Storting has today adopted the aquaculture report. The majority supported the Industry Committee's proposition, which is based on a broad political agreement between six parties on the future regulation of the world's biggest salmon farming sector.
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RUSSIAN FEDERATION
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ECUADOR
Ecuador hit an all-time high for April exports of shrimp this year, sending 254 million pounds of shrimp abroad during the month, up 3.1 percent compared to the 246 million pounds the country shipped in the same month of 2024.
Grieg Seafood reported to police over major plastic pollution incident in Finnmark
Salmon Evolution announced today that it has entered into a credit facility of up to NOK 250m (£18m) with DNB Bank and Nordea Bank (Norwegian branch).
