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"We are not satisfied with the financial results in this quarter," said CEO Regin Jacobsen, although the company claims record biological performance in the Faroe Islands will support future growth.

The Ennisskarð will primarily be used for aquaculture operations in the southern fjords, with its homeport in Hov, Suðuroy, Faroe Islands.

Disease challenges in its Scottish operations combined with weak prices impacted earnings, the company says.

Bakkafrost’s Applecross hatchery will use pyrolysis to create a circular process for aquaculture waste, producing biochar fertiliser for use in forestry.

The Faroese salmon farmer's trading update for the second quarter shows its Faroe Islands harvest volume jumped by almost 57% year-on-year.

GroAqua confirms delivery of the 1,100-ton vessel, which will operate at an exposed site in the Faroe Islands.