Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Today it is one of the largest fisheries technology exhibitions in the world. Of particular interest is the increasing complexity of the industry, and how most inno- Can the Norwegian aquaculture industry keep ahead of the competition in 2022 and beyond? Data can be stored internally in a highly protected memory or transferred in real-time ScaleAQ is an international company within aquaculture. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Our task is to help designers and owners comply with the relevant rules and regulations to secure the safety of life, property and the environment. Published 8 March 2023 The global population is growing rapidly. The result is an attractive, premium-class fish product which helps meet the demand for quality as well as quantity. Egersund Net supplies rectangular as well as square solutions for steel-based installations. The benchmark report from EY provides insights crucial for the growth of the Norwegian aquaculture industry. Through the development and implementation of new technologies and the build-up of operational experience, Ocean Farming will SUBflex is a Hi-Tech company specializing in innovative sustainable fish farming. This is not surprising, as digitalization has great untapped potential throughout the aquaculture value chain. EY helps clients create long-term value for all stakeholders. Aquaculture Cages Companies (Aquaculture) in Norway In Norway Serving Norway Near Norway. Risk assessments in the Norwegian aquaculture industry: Status and Today, the aquaculture industry is dependent on manual processes for fish health, ineffective feeding systems and a silo-based development model where they do not collaborate sufficiently to solve common operational challenges. Norway's aquaculture companies line up for Inseanergy's floating solar Paris. Only one major salmon farming company has adopted a new investment since the Norwegian parliament decided to pass a new resource rent tax on aquaculture in the country at a rate of 25%, reports . The company has developed a patented system for efficient removal of aquaculture morts, fish faeces and uneaten feed from fish Mivanor offer innovative and high-quality solutions for treating industrial wastewater and leachate. Fingerlings (young fish weighing 10 g) are used as W & J Knox Ltd was first established 240 years ago when the Knox family set up a small textile mill in Kilbirnie to spin the locally-grown flax fibre and to manufacture linen thread. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. At EY, our purpose is building a better working world. Click the button below to load the content from YouTube. In the past, eggs that had either not been fertilized or had failed to developed properly had to be removed manually during the sorting process. To remain a leading producer of farmed salmon for the world market, Norway needs to be ahead in developing ethical and innovative methods of production. We are present with departments within sales-, service- and production all parts of the world, and we are around 800 dedicated We were the first Norwegian net producer to offer ripple-free, knotless netting. Aker will contribute up to NOK 1.65 billion in cash in three tranches. Six essentials for mainstream EV adoption, Why tax governance is key in an era of more tax risk and controversy, Select your location Close country language switcher, Nordic Family Enterprise leader and Marine and Aquaculture Sector Leader. Please enable JavaScript in your browser and make sure JavaScript is running properly. Fishing and its up-and-coming counterpart aquaculture are critical components of the worlds food supply. On 28 September, the government of Norway proposed a new resource rent tax on aquaculture operators, with effect from 1 January, 2023, which will affect producers of salmon, trout, and rainbow trout. Over two production cycles, 10,000 tonnes of salmon have been produced at Ocean Farm 1, a full-scale pilot facility. All Rights Reserved. Focus on aquaculture. Written by Baird Maritime on August 27, 2021. SENECT developed the technology which allows the control of all processes in fish farms! In Norway, "right now a lot of the people that are farming seaweed are actually salmon producers," Mari Vold Bjordal, aquaculture advisor at The Bellona Foundation, said. The answer is: It depends. Based on these conversations and the development trends we observe, we offer a sneak peek into the potential state of the aquaculture sector in 2040. (PDF) Innovation in the Norwegian aquaculture industry Trained people can check many sites around the world at a time, and filter any relevant event that will be reported to the affected SalMar was founded in February 1991 following the acquisition of a licence for the production of farmed salmon and a whitefish harvesting/processing plant from a company that had gone into liquidation. The year 2021 was a successful one for Norwegian fish farmers in terms of topline growth, with the aquaculture industry bouncing back from the slow-down caused by the COVID-19 pandemic. Pierre Brzustowski - Strategy Consultant and Interim Executive Since 1910, with the opening of the first nets factory in Milan. NetOx is the most widely used diffuser hose for emergency Aquabyte is developing our software platform with cutting edge computer vision technology. Showing 1-50 of 1,249 LOCATION SALES REVENUE ($M) Mowi ASA Bergen, Vestland Norway $4,705.54M Austevoll Seafood ASA Storeb, Vestland Norway $2,934.53M Lery Seafood Group ASA Bergen, Vestland Norway $2,549.23M Mowi Markets Norway AS Bergen, Vestland Norway $1,840.23M Salmar Farming AS Kverva, Trndelag Norway $1,062.06M Nts AS Rrvik, Trndelag Innovation in the Norwegian aquaculture industry - Afewerki - 2023 Energy XPRT Privacy, Our sites: In earlier editions of our report, we have shared thoughts on sustainability within the aquaculture sector. Partner, Strategy and Transactions, EY Nordics. Download The Norwegian Aquaculture Analysis 2020 and learn about the potential success factors and the potential pitfalls ahead. I can unsubscribe or change my email preferences at any time using the links in the footer of the emails I receive from DNV. We will Steen-Hansen places considerable emphasis on product development. The company now has access to historic and near real-time data and actionable insights, leading to improved decision-making. Search and find relevant Norwegian export companies at Norwayexports.no AQUACULTURE SEAFOOD PROCESSING EQUIPMENT This article focusses on Norwegian salmon aquaculture and addresses the problems related to the industry's and government's ambitions for growth in aquaculture production and the municipalities' desire for economic compensation, usually termed area rent, from the aquaculture companies that use municipal waters for aquaculture. PDF Fisheries and Aquaculture in Norway January 2021 - OECD Discover how EY insights and services are helping to reframe the future of your industry. Now, Stiim is set for Iceland, bringing representatives from eight of the cluster member companies to meet with representatives from seven Icelandic fish farming . Organised and participated to Trade Shows, Created products specifications sheets, sales brochures. 2019 EYGM Limited. Agriculture XPRT is part of XPRT Media All Rights Reserved. Inspired by the positive feedback received on the earlier annual editions of the EY Aquaculture Analysis, EY presents yet another edition featuring the latest development in this prominent segment. In recent years, the exhibition has drawn around 19 000 ScaleAQ is an international company within aquaculture. Our range of products NetOx is a highly effective low-to-medium-pressure diffusor for oxygen enrichment in aquaculture cages. The ability of manufacturing knotless nets, based on the Cowex A/S is a company specialised in process technical solutions focusing on Industrial-IT, Automation and Process Technology within the areas of water supply & waste water, process industry (industrial automation) and aquaculture (industrialised Aquaservice was founded in the city of Puerto Montt in 1990. Of the four companies identified by the index as "low risk" when measured against a number of factors demonstrative of sustainability, three are Norwegian aquaculture producers. It also presents how the growth trend for the industry will continue. And now it has processes in place to support efficient feed spill monitoring and simplified soil sampling underneath the vessel required to meet strict compliance regulations. This year, the aquaculture industry awoke . The family-owned company has been a leader in aquaculture in Norway since its founding in 1989, with comprehensive operations from breeding premium Atlantic salmon to sales and marketing. Ocean Farm 1 and Smart Fish Farm have both been developed with a unique interdisciplinary partnership between SalMar building on more than 30 years of experience - and world-leading players in Norway within aquaculture, offshore and R&D. 1946) has always been owned and led by the Hoseth family. The sea's our scene! The parties aim for listing of SalMar Aker Ocean on a relevant stock exchange within one to two years time. Review ourcookie policyfor more information. The new company intends to develop offshore and semi-offshore systems using the experience gained from SalMar's Ocean Farm 1, to expand offshore aquaculture production in Norway and beyond, An experimental approach to catfish and tilapia production in Ghana, Shaking up Vietnams shrimp farming sector, The quest for disease-free PLs in Bangladesh's shrimp sector, Asian Development Bank backs barramundi producer Australis, De Heus breaks ground for Uganda's first aquafeed mill, Carbonwave receives $6 million funding for Sargassum upcycling model, Salfjord secures permit for land-based salmon farm, Salmon farmers celebrate government u-turn on HPMAs, German lab-grown seafood startup raises 16 million, Insights into Croatia's tuna farming and ranching sectors, Francisca Samsing Pedrals: bringing more vets into the aquaculture sector, Innovatively farmed oysters supplement wild stocks in Chesapeake Bay, Reef monitoring app helps protect Micronesia's marine biodiversity, AI system detects early warning of stress symptoms in farmed shrimp. Norwegians team up in a bid for international offshore aquaculture Dedicated to skiing and arctic cod fishing during winter and boating in summer. Stiim Aqua Cluster started a custom-made export program for its cluster member companies in 2021, and the first trip to promote Norwegian aquaculture technology in international markets was carried out in 2022 to the Faroe Islands. Tic. Combination of reliable Hydrotech drumfilter and Aquatec UV system for sterilising intake water. SalMar Aker Ocean will continue this work to streamline and digitalize construction and operation processes and will jointly seek approval for locations and licenses offshore, initially within the Norwegian Economic Zone. To further accelerate growth, the parties will immediately initiate a project to develop a next-generation semi-offshore unit, with an aim of reaching an investment decision for a new production unit as soon as possible. The Board Imperative: Is your people strategy human enough? We have a long experience in developing products for underwater use. Besides the obvious environmental gains, electrical boats also benefit operators and fish. The cleaners are developed in cooperation with our Aanderaa Data Instruments develops, manufactures and markets oceanographic and meteorological instruments and special systems for collecting environmental data. SalMar and Aker, through its wholly owned subsidiary Aker Capital, will eventually own 66.6 per cent and 33.4 per cent, respectively, of the joint company. Six essentials for mainstream EV adoption, Why tax governance is key in an era of more tax risk and controversy, Select your location Close country language switcher, Nordic Family Enterprise leader and Marine and Aquaculture Sector Leader. Dedicated to skiing and arctic cod fishing during winter and boating in summer. Given below are a few key highlights from the extensive report: On 28 September 2022, the Norwegian government presented its plan to introduce a 40% resource tax on the commercially licensed sea-based production of salmon starting from 1 January 2023. For more information about our organization, please visit ey.com. EY report reveals the latest aquaculture and fishing industry trends Translated technical and commercial documents. Need help finding the right suppliers? We observe growing consciousness and awareness within the aquaculture value chain about sustainability and preventive health. DNV shares the common goal of working together to utilize marine resources responsibly and effectively in order to ensure sustainable food production for the future. Despite the progress, there are still challenges that these first movers must overcome the industry is experiencing that things take time, challenging investor confidence. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Between 2008 and 2018, the quantity produced increased by 17%, while its value increased by 104%. This year, the aquaculture industry awoke to a new tax regime that came as a surprise to the industry and its investors. Review ourcookie policyfor more information. . "The aquaculture industry is currently facing a shortage of sites suitable for production. The structures are custom-made in Steen-Hansen develops and produces specialised coatings for industry and challenging environments both on shore and at sea. Plany AS was established in 1964 as a sailmaker, primarily supplying ships and the shipping industry. Through its solutions and technology, Cflow has done its utmost to satisfy and cater to industry in these Faivre is a french company, and one of the world leaders in the conception, manufacture and production of aquaculture machines. Midt-Norsk Havbruk is a Norwegian company with sales of more than 100 million EUR. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. The family-owned company has been a leader in aquaculture in Norway since its founding in 1989, with comprehensive operations from breeding premium Atlantic salmon to sales and marketing. We make orders on time with utmost care and top quality. Knowing the local water currents is AquaGen is a breeding company which develops, produces and delivers genetic material to the global aquaculture farming industry. Hence small shifts or changes in underlying drives of consumption will form a solid basis for both demand and price of the produce. The Tilapia Processing Plant is an integral part of the fish farm, ensuring Total Project Approach from Egg to Fillet, in a single aqua-industrial complex. Our realtime solutions monitor and alert breach of biosecurity principles. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. We bring together extraordinary people, like you, to build a better working world. Energy XPRT The report includes views on critical success factors that must be addressed to realize the potential for novel feed ingredients. Aquaculture companies in Norway - Company List During the pilot, an extensive validation program was carried out in which SINTEF and DNV have contributed with, among other things, model testing and risk analyses. EY is once again honoured to publish our annual The Norwegian Aquaculture Analysis. About SalMar - SalMar ASA Terms Olsen 1848s new solution targets near- and offshore floating solar, SolarDuck partners up for 780kW offshore solar project in Malaysia, EDF opens 20MWp floating solar power plant in France, Akuo brings online 8.7MWp floating solar plant in France, SolarDuck sets up Norwegian floating solar base, Norwegian floating solar developers settle patent dispute, Xfloat bags $1M grant to advance floating solar technology. Discover how EY insights and services are helping to reframe the future of your industry. . APT - Aquaculture Production Technology (Israel) Ltd. was established in 1978 by a group of scientists from the Hebrew University of Jerusalem and a group of industrial development engineers. The report presents how the growth trend for the industry will continue, with a look at potential pitfalls and success factors. Dosing & Accuracy: Various feed types: powder, crumbled and microcapsulated. The capacity of the farm is 100 tons of marketable fish per year. The driving force behind the company is a desire to provide innovation and solutions for an industry in constant Aqualine's mooring systems are adapted to the demanding environments they will operate in and provide a safe and robust EWOS Group is one of the worlds largest suppliers of feed and nutrition for farmed fish. Mivanor AS is a full-range supplier of wastewater treatment. Norwegian seaweed farmers are clear that volumes can quite easily be increased by utilizing more of the current licenses. To improve the fishs health through selective breeding one selects for so-called robust traits. Aquaculture companies in Norway including Bergen, Steinkjer, lesund, Haugesund, and more. One programming tool and one hardware platform provide the maritime industry with an open and flexible automation system, regardless of the task at hand. An economical and safe way to clean cages, and we have several users purchasing their second system. The new company combines Akers leading industrial track record within offshore operations with SalMars history as one of the worlds largest and most efficient producers of farmed salmon. The new joint company, SalMar Aker Ocean, will operate within offshore fish farming, including offshore and semi-offshore, with the goals of complying to the highest requirements for fish welfare and ensuring reduced emissions. Based on the experience from Ocean Farm 1, SalMar Ocean has developed the Smart Fish Farm technology, with an ambition to build a series of units for offshore production. Currently, Badinotti Group has 3 production plants, strategically located in Breivik Mek. 35+ years of experience in sales development, adaptation of the offer, increase in pricing power, commercial . Focus on aquaculture. The Norwegian Aquaculture Analysis 2020 exposes that global trade and export to distant markets may face increasing challenges in the future. Enjoys the hectic transaction cycle. Aker said it will continue ongoing work within testing, learning, researching, and developing offshore farming operations, including through the worlds first operating offshore fish farm, Ocean Farm 1 (pictured). EY report reveals the latest aquaculture and fishing industry trends | EY Norway Trending The Board Imperative: Is your people strategy human enough? 77% of this value came from aquaculture and 23% from fisheries (that is, the capture of wildresources). It is also in the process of developing the Smart Fish Farm, which will have an annual production capacity of 22,700 tonnes of salmon per year. Combined this may lead to structural implications in the location of production potentially making land-based aquaculture, close to consumers, a more compelling option, together with the offshore opportunities, with its biological improvements. Headquartered in Norway, the company is a frontrunner within the subsurface aquaculture net cleaning industry and is the global leader in terms of number of installations. We provide innovation, technology and equipment to customers globally. In addition, salmon farming company Bjrya, based on Norways Trndelag coast, signed an agreement on with Inseanergy for the delivery of its SUB Solar floating solar power plant to its farming facility on Krkholmen. Need help finding the right suppliers? More recently, Inseanergy delivered its first commercial unit, SUB Solar 120, to cod farming company Gadus Group. It's about offshore fish farming and so much more: DNV is your partner for safe and sustainable offshore aquaculture projects. Technical solutions are being developed to move fish farms offshore to more exposed areas with harsher environmental conditions. AqualisBraemar enters Chinese offshore aquaculture partnership, Hukkelberg delivers workboat to Norwegian aquaculture company, Ocean Ecology merges with Norwegian aquaculture consultancy, Fincantieri, Saipem form seabed mining partnership, Finlands Wasaline takes delivery of LNG-fueled ferry from local builder, Keel laid for future LNG carrier for SCF Group, VESSEL REVIEW | P&O Pioneer P&O Ferries acquires hybrid newbuild for Dover-Calais route, VESSEL REVIEW | Cap De Barbaria Spains Balearia to operate electric lifeline ferry, Substantial use of combustible materials caused 2022 towing vessel fire, NTSB report finds, Port expansion to double capacity at Indonesias Belawan New Container Terminal, US Navy aircraft carrier suffers second onboard fire in months, VESSEL REVIEW | Apetahi Express Fast ferry for French Polynesias Degage Group. Karin Fent is senior director of Global Customer Success Digital Supply Chain at SAP. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. We expect this trend to continue in 2022, supported by very strong global demand drivers. The Norwegian Aquaculture Analysis 2020 exposes that global trade and export to distant markets may face increasing challenges in the future. Enjoys the hectic transaction cycle. Key megatrends exposed in aquaculture and fishing industry | EY Norway Pioneer in the development of offshore farming through SalMar Aker Ocean and the project Arctic Offshore . A total of 702 reports from 78 countries participated in the competition for the Food and Drink sector. . We are employing more than 30 persons. An increasing number of large-scale land-based projects have managed to raise sufficient capital and start the construction phase. DNV can help your operations grow in a safe, sustainable way. XPRT, NetOxTM Net - Oxygen Diffusor for Sea Pens, Environment Research and Development Services, LiftUP Sludge Collection System | a solution by Framo AS, Mainstay - Model Manta - Net Cleaner Driven With Electrical Thrusters. Regulations for the design of these structures are partly inadequate. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The company was founded by Alf Nsted in 1939 when he established Norsk Kjettingindustri - Alf Nsted AS in Mandal. AKVA group is present in all markets with offices in Norway, Chile, Denmark, Scotland, Spain, Greece, Iran, Iceland, Canada, Australia and Turkey. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. In 2018, Norwayproduced 4 million tonnes of fish(including molluscs and crustaceans), with a value of USD10814.6 million. Company List. Environmental XPRT The report leverages the unique and extensive EY seafood company database (EY-SCD), which has been expanded with key data for 1,250 companies within various segments of the aquaculture value chain. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. The pens provide an ideal platform for fish farming. Norwegian offshore fishing specialist Aker has entered into a strategic partnership with local firm SalMar to establish a global offshore aquaculture company. EY | Assurance | Tax | Transactions | Advisory. EY is a global leader in assurance, tax, transaction and advisory services. Goldman Sachs Asset Management makes $600 million bid for Norway's Froy Today, most of our customers come from the marine and maritime sectors. Embracing digitalization will help them transition from experience-based to knowledge-based operations. Finally a cleaner that cleans both walls and bottoms in land based fish plants.. Aanderaa Data Instruments develops, manufactures and markets oceanographic and meteorological instruments and special systems for collecting environmental data. SalMar is already a leader in the offshore aquaculture field, having developed the 6,000-tonne capacity Ocean Farm 1. The rise in sea surface temperatures, oxygen depletion, ocean acidification, coral bleaching and rising sea levels are only a few of the factors influencing the aquaculture industry today. However, continuing its robust growth depends on adopting new and sustainable production methods, as space within fjords for traditional net-pen farming is . Aquaculture Cages Companies (Aquaculture) in Norway - Agriculture XPRT SalMar and Aker through its wholly-owned subsidiary Aker Capital AS will eventually own 66.6 per cent and 33.4 per cent, respectively, of the joint company, SalMar Aker Ocean, which will comprise SalMars interests in its semi-offshore and offshore farming operations. Jan 1993 - Jan 19952 years 1 month. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Passion for football, golf, tennis and bathing. EY is a global leader in assurance, tax, transaction and advisory services. We are located on the island Godya, just outside the fishery capitol of Norway lesund on the beautiful west coast of Norway. The unit has been installed at the companys fish farm facility in Voldsfjorden, in Sunnmre. The company Hoseth Technology has water separators in a range of dimensions and capacities and are designed to be gentle on the fish whether it is alive or killed. Our Egersund Net has produced fish farming nets since the early 1970ies. The new joint company, SalMar Aker Ocean, will operate within offshore fish farming, including offshore and semi-offshore, with the goals of complying to the highest requirements for fish . No part of this site may be reproduced without permission. An event for everyone who is interested in the salmon industry and its future. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, How Yara is preparing for global disruptions from climate change, How an acquisition helped Orifarm prepare a prescription for growth, M&A strategy helped a leading Nordic SaaS business grow, A glimpse into the ideas behind the Nordic EY Hybrid Model. Download the Norwegian Aquaculture Analysis 2022 from EY to explore the most relevant challenges and opportunities that line the path of the industry toward 2023 and beyond.