IN BRIEF - Salmon Evolution ASA: Q4 2024 operational update
NORWAY
Thursday, January 09, 2025
Salmon Evolution (OSE: SALME) harvested 1,729 tonnes HOG in Q4, including 105 tonnes LW post smolt, taking full year harvest volume to 4,891 tonnes HOG including post smolt.
The quarter showed strong feeding and biomass gain, especially in the second half of November and December.
Q4 operational summary:
All-in price realization on harvested fish of NOK ~82/kg.
Successful post smolt delivery.
Total harvest of 1,729 tonnes HOG, including 105 tonnes LW post smolt.
Average harvest weight of ~3.8 kg (HOG), up 15% from last quarter, with continued excellent product quality and a superior grade share of 95%.
Biomass production of 1,518 tonnes LW, second highest on record and up 11% Q/Q.
Standing biomass of 2,023 tonnes LW end Q4.
"Salmon Evolution achieved significant milestones in 2024 with solid growth in harvest volumes and strong operational progress through the year”, CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said.“We are especially proud of our excellent biological results, introducing a new standard of salmon farming and giving us a great momentum going into 2025”, he said.
Precautionary measure due to low biomass in the Loligo
The Falkland Islands Fisheries Department confirms that fishing within the Loligo Box will be paused for a period of around two weeks as a precautionary measure due to low Loligo squid biomass.
This decision has been taken following close engagement with the fishing industry and reflects a shared view that a temporary cessation of fishing activity represents the most appropriate course of action. Targeted trawling carried out by the fishing industry, and coordinated by the Department, will take place throughout the Loligo Box on 12 August in order to obtain more information on the distribution of squid throughout the fishing area.
This precautionary approach reflects the Department’s commitment to the long-term stock sustainability and responsible management of the fishery.
The Department will continue to work with industry partners throughout this period and will provide further updates once further information is available.
The Antarctic krill fishery is rapidly approaching its seasonal catch limit and is expected to close before the end of August 2026, marking the second consecutive year of an early shutdown for the Southern Ocean fleet.
The anticipated closure follows the August 2025 shutdown, when the fishery reached its 620,000-tonne trigger limit four months ahead of schedule for the first time in history. Conservation organisations warn that a repeated early shutdown underscores accelerating pressure on the fishery and highlights the critical need to reform current management protocols. Krill form the foundation of the Southern Ocean ecosystem, supporting penguins, whales, seals and countless other Antarctic species while also supplying a growing global market for omega-3 nutritional supplements, aquaculture feed and pet food.
Source: The Fish Site | Read the full article here
BioMar raised its full-year guidance after first-half feed volumes increased 5% to 710,000 tonnes, in its first results since listing on Nasdaq Copenhagen.
Revenue was broadly unchanged at DKK7.37 billion (€985 million/$1.14 billion), while operating profit fell 4% to DKK359 million (€48 million/$55 million), according to the half-year report.
Second-quarter volumes rose 3% to 395,000 tonnes and revenue increased 5% to DKK4.16 billion (€557 million/$643 million).
Source: SalmonBusiness | Read the full article here
Singapore-listed group establishes Timor Aquahub to develop lobster farming, seafood processing and exports
Qian Hu has launched Timor Aquahub International in Timor-Leste, holding a 55% stake. The company plans to invest US$1 million in an operational base and US$2 million in a seaside hatchery, targeting sustainable lobster farming, seafood processing and regional exports.
Both countries aim to advance sustainable management, research and technology transfer.
Norwegian Ambassador Håkon Arald Gulbrandsen and Minister Sultan Salauddin Tuku discussed expanding cooperation in fisheries and marine resources, focusing on production, research, technology and knowledge exchange.
Emergency measures aim to prevent mass fish deaths during South Korea's extreme summer heat
Incheon inspected nine fishing ports and fish farms in Ganghwa and Yeongjong after water temperatures reached 34.5°C. Farmers are using oxygen generators, water wheels and shade screens, while authorities provide equipment and low-interest loans and assess farming subtropical species.
Barely three weeks into the fishing season, and following an assessment of the fishing grounds, the Falkland Islands government has suspended the *Loligo* squid campaign. This species is one of the most important resources yielded by the waters surrounding the British-administered islands—waters that are the subject of a sovereignty dispute with Argentina. The suspension has a direct impact on the port of Vigo and its processing industry, as Vigo is the primary hub for processing and exporting squid that has been flash-frozen at sea aboard factory ships; these vessels belong to joint-venture fleets involving Vigo-based shipowners and Falkland Islands business partners.
Author: Luis Carlos Llera / La Voz de Galicia | Read the full article here
Salmon farming is a “key anchor” for rural and coastal areas in Scotland, a new independent study has found.
Analysis from AECOM of the role of salmon farming in Scotland’s communities found it significantly supports the economic and social fabric of the country’s rural, coastal and island communities.
The report found salmon farming helped sustain school rolls, teaching posts, local shops and businesses as well as directly employing more than a third of the population of one island.
Inarctica, Russia’s largest commercial salmon and sea trout producer, saw its revenues rise by 38% in the first six months of this year.
The company says it earned 13.8 billion rubles (£125m) for the half year ended 30 June.
It said the sales volume increased by 57% year-on-year to 13,200 tons, driven by the recovery of fish biomass in water and strong demand for fresh red fish on the Russian market.
The revenue rise was due to increased sales volumes amid more conservative average market prices for red fish.
Author: Vince McDonagh / Fish Farmer | Read the full article here
A “parking assist” system for aquaculture workboats has been developed following a request from a boatbuilder to a maritime technology company in Norway.
The Zeawatch Docking Assist system is designed to help aquaculture operators avoid collisions with objects in the water, thereby reducing downtime and repair costs. It combines a range of technologies to provide the crew with a comprehensive overview of infrastructure, both above and below the waterline.
Development of the system began in May this year when Stig Rune Nørbech, chief commercial officer for Flatanger boat builder Damen Folla (previously Folla Maritime) contacted Zeabuz chief executive and chief technology officer Øyvind Smogeli.
Source: fishfarmingexpert | Read the full article here
Chancay: South America's Shanghai or a Chinese Myth? Peru
Twenty months after its inauguration, the port of Chancay fails to lower costs for Peruvian exporters despite cutting travel time to Asia by twelve days.
Foto: Chancay Port / Ocean Alliance
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Toyosu shows strong segmentation between fresh and frozen tuna Japan
Tokyo wholesale market reports prices up to ¥16,200/kg (US$ 108.00/kg) for domestic fresh tuna, while frozen tuna drops to an average value of ¥3,727/kg (US$ 24.85/kg) despite higher volumes.
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NORWAY.png)
The quarter showed strong feeding and biomass gain, especially in the second half of November and December.
FALKLAND ISLANDS.png)
The Falkland Islands Fisheries Department confirms that fishing within the Loligo Box will be paused for a period of around two weeks as a precautionary measure due to low Loligo squid biomass.
ANTARCTICA
The Antarctic krill fishery is rapidly approaching its seasonal catch limit and is expected to close before the end of August 2026, marking the second consecutive year of an early shutdown for the Southern Ocean fleet.
DENMARK.png)
BioMar
SINGAPORE
Singapore-listed group establishes Timor Aquahub to develop lobster farming, seafood processing and exports
BANGLADESH
Both countries aim to advance sustainable management, research and technology transfer.
SOUTH KOREA.png)
Emergency measures aim to prevent mass fish deaths during South Korea's extreme summer heat
Barely three weeks into the fishing season, and following an assessment of the fishing grounds, the Falkland Islands government has suspended the *Loligo* squid campaign. This species is one of the most important resources yielded by the waters surrounding the British-administered islands—waters that are the subject of a sovereignty dispute with Argentina. The suspension has a direct impact on the port of Vigo and its processing industry, as Vigo is the primary hub for processing and exporting squid that has been flash-frozen at sea aboard factory ships; these vessels belong to joint-venture fleets involving Vigo-based shipowners and Falkland Islands business partners. 
UNITED KINGDOM
Salmon farming is a “key anchor” for rural and coastal areas in Scotland, a new independent study has found.
RUSSIAN FEDERATION.png)
The company says it earned 13.8 billion rubles (£125m) for the half year ended 30 June.
NETHERLANDS
The Zeawatch Docking Assist system is designed to help aquaculture operators avoid collisions with objects in the water, thereby reducing downtime and repair costs. It combines a range of technologies to provide the crew with a comprehensive overview of infrastructure, both above and below the waterline.
