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Thorsteinn Már Baldvinsson confirmed in May that his son will take over as CEO of the Icelandic seafood company.

Outgoing chief executive Thorsteinn Már Baldvinsson confirmed his son Baldvin Thorsteinsson will take over as CEO of the Icelandic seafood company.

With this funding, the Icelandic company is ready to tackle Phase 1 of its new land-based project in Reykjanes, intended to be one of the world's largest salmon farms.

More than 5,000 juvenile salmon are unaccounted for following incident in early May, according to Icelandic authorities.

The new company, Drift EA, will offer facilities and support to entrepreneurs and businesses in the Eyjafjördur area to develop their ideas locally and internationally.

Maritech and Samherji have an agreement to install a Maritech Eye™ at their processing plant in Akureyri.