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In Q1 2024, Arctic Fish's CAPEX investment amounted to EUR 5 million (USD 5.3 million), mainly related to the setup of new seawater sites.
Aquaculture

Arctic Fish Q1 2024: satisfaction despite lower volumes and revenues

Marta Negrete
4 min read
"Overall, we consider this as a strong quarter with strong operational and financial performance," said CEO Stein Ove Tveiten.
The Iceland Food and Veterinary Authority granted Arctic Sea Farm - a subsidiary of Arctic Fish - an operating license for 8,000 tons of salmon and rainbow trout in Ísafjarðardjúp.
Aquaculture

New 8,000-ton salmon and rainbow trout operating license for Arctic Fish

Marta Negrete
2 min read
Of the 8,000 tons of rainbow trout and salmon granted in the new license, the maximum biomass of farmed salmon maybe 5,200 tons.
Despite an autumn "where lice issues persisted," Arctic Fish closed 2023 with an all-time high in harvested volumes and revenues.
Aquaculture

2023 marked an all-time high in volumes and revenues for Arctic Fish

Marta Negrete
4 min read
Mowi-owned Icelandic salmon producer achieved an 88% increase in harvested volumes in Q4 despite an autumn "where lice issues persisted."
"Since the escape occurred in August, we at Arctic Fish have put a lot of work into reviewing our working methods with the aim of minimizing the risk of an escape," the company said.
Aquaculture

Icelandic police drop probe into Arctic Fish escape

Louisa Gairn
2 min read
Mowi-owned Icelandic salmon farmer Arctic Fish says police are no longer investigating the fish escape incident which occured in August 2023.
John Gunnar Grindskar (left) comes from Mowi and is the new COO Farming at Arctic Fish. Baldur Smári Einarsson (right) has now been promoted to CFO after working in the finance department of the Icelandic company for four years.
People

Changes in Arctic Fish management team

Marta Negrete
3 min read
The new COO Farming comes from Mowi, while for the new CFO is a promotion since he has been working in the Icelandic salmon producer's finance department for four years.
The police investigation opened in Iceland into Arctic Fish's escape will determine whether there has been intent or negligence.
News

Police investigation opened in Iceland into Arctic Fish escape

Marta Negrete
3 min read
Requested by the Icelandic Food and Veterinary Authority, if the charges turn out to be serious, fines and even prison sentences could be requested for those responsible for Arctic Fish according to t ...
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