IN BRIEF - Mowi Secures €2.6 Billion Sustainability-Linked Loan Facility
NORWAY
Monday, June 16, 2025
The five-year, multi-currency agreement underscores the aquaculture giant's commitment to green financing, with interest rates tied to ESG performance.
OSLO – Mowi, a leading global salmon producer, today announced it has signed a €2.6 billion, five-year, sustainability-linked credit facility. The agreement, finalized with a consortium of major banks including DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB, and Crédit Agricole, will be used for refinancing existing bank debt and for general corporate purposes.
The multi-currency facility includes a key financial condition requiring a minimum 35 percent equity ratio. It also features an "accordion" option, allowing Mowi to potentially increase the total loan amount by an additional €400 million during the period.
Notably, the interest rate of the facility is directly linked to Mowi's performance against specific sustainability indicators (KPIs), aligning with the company's broader ESG strategy. This move supports Mowi's overarching goal for all its financing to be categorized as green or sustainable, reinforcing its dedication to environmental stewardship and responsible business practices.
Landmark Project Aims to Usher in Second Wave of Emission-Free Short Sea Shipping Between Norway, Sweden, and Germany.
OSLO – Norway's state enterprise Enova is providing approximately NOK 362 million (around €30 million) in support for seven electric vessels and four charging facilities, including a groundbreaking project that could yield the world's largest battery-electric container ships. This initiative marks a significant breakthrough for emission-free shipping.
Eitzen Avanti, in collaboration with Naval Dynamics, is set to build two battery-powered ships capable of transporting 850 containers between Norway, Sweden, and Germany. Equipped with massive battery packs exceeding 100 MWh, these vessels are poised to become the largest of their kind globally.
Andreas Forsnes Jahn, Senior Advisor in Maritime Transport at Enova, stated, "These projects each show in their own way what is possible with battery electrification in shipping. The technology is now mature." He added, "If the electrification of car ferries was the first wave, we hope this will be the start of the second electrification wave in short sea shipping." The Port of Oslo is also receiving support for a vital charging facility at its Sjursøya container terminal to serve these ships.
Organized by ANFACO-CECOPESCA with the support of the Spanish Ministry of Agriculture, Fisheries, and Food (MAPA), the Tuna Awards are open to companies and non-profit organizations directly or indirectly linked to the tuna industry. Applications can be submitted in English or Spanish through www.tunaawards.com, until June 30, 2025.
Each project can be submitted to one of the following three categories:
• New Products: For bold, market-ready innovations using tuna as a main ingredient. This category recognizes unique product ideas that challenge conventional formats and add value to today's consumers.
• Circular Economy: For initiatives that maximize resource efficiency, promote reuse, or establish smart synergies with other sectors. From by-product valorization to innovative packaging and energy models, this category recognizes creativity in sustainability.
• Revolution 4.0: For advanced digital and technological solutions aimed at transforming the tuna value chain, from artificial intelligence-based traceability to automation, data integration, and smart logistics.
The awards ceremony is scheduled for the afternoon of September 10 at the iconic Celta headquarters in Vigo, as in the previous edition. It will be a key moment for networking within the international tuna community, bringing together innovators, industry leaders, and the media.
The winners of each category will receive a trophy, high visibility on ANFACO's communication channels, and two free invitations to attend ANFACO's 12th World Tuna Conference "TUNAVIGO 2025," which will take place over the following two days, September 11 and 12, at Afundación's headquarters in Vigo.
New Zealand King Salmon, one of the southern hemisphere’s leading fish farmers, has revised its profits forecast for next year following revised mortality and growth rates.
The company announced recently that it is reducing harvest volumes and experiencing lower than expected growth due to higher fish mortalities and slow growth rates.
This will affect its earnings, with the pro-forma EBITDA guidance now revised to NZ $6 million (£2.6m) to NZ $12 million (£5.3m) for 2026 , down from the previous NZ $15 million (£6.6m) to NZ $24 million (£10.6m) .
Author: Vince McDonagh / Fish Farmer l Read the full article here
The sustainability of EU fisheries is improving, but critical problems related to climate change and overexploitation of fish stocks persist.
The Food and Agriculture Organization of the United Nations (FAO) has presented its long-awaited Review of the State of the World's Marine Fisheries Resources – 2025 at the UN Ocean Conference. The report provides a detailed snapshot of the health of marine ecosystems and the sustainability of global fishing activity, revealing both encouraging progress and persistent challenges.
The British Government emphasizes that this measure is in line with its proposal to ban bottom trawling in more MPAs in English waters.
The UK Government plans to introduce a bill before the end of the year to allow ratification of the BBNJ Agreement, or High Seas Treaty.
The British government notes that the agreement will provide the first legal mechanism for the creation of protected areas in international waters, thus contributing to the conservation of marine life in ocean areas beyond national jurisdiction (approximately two-thirds of the world's oceans).
Source: Industrias Pesqueras | Read the full article here
The European fishing industry association supports the UN Declaration on the Oceans and advocates for an ambitious action plan for blue food.
The organization Europêche, the main representative of the European fishing industry, has enthusiastically supported the adoption of the new Political Declaration of the United Nations Ocean Conference (UNOC3), held recently in Nice. This declaration, considered a crucial step forward in multilateral ocean governance, addresses fundamental issues such as marine spatial planning and the fight against illegal, unreported, and unregulated (IUU) fishing, which are central to ensuring a sustainable future for marine ecosystems.
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.
NORWAY
OSLO – 
SPAIN
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New Zealand King Salmon
FRANCE
The sustainability of EU fisheries is improving, but critical problems related to climate change and overexploitation of fish stocks persist.
UNITED KINGDOM
The British Government emphasizes that this measure is in line with its proposal to ban bottom trawling in more MPAs in English waters.
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The European fishing industry association supports the UN Declaration on the Oceans and advocates for an ambitious action plan for blue food..png)
The five year rolling credit facility deal is with DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB and Crédit Agricole.
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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