Aquaculture

Report recommends moving Marlborough salmon farms

 [14 February/Radio NZ] A report has recommended that three Marlborough Sounds salmon farms should be relocated to help improve the environment. The report which made this recommendation was written by an independent advisory panel who considered submissions and public hearings on the proposal to relocate up to six Marlborough Sounds salmon farms to more sustainable...

Hotter-than-normal water kills off salmon in the Sounds

[2 February/ NZ Farmer] Salmon in the Marlborough Sounds are dying in their farms as an abnormally hot summer continues to take its toll on marine life. The ideal water temperature for salmon is between 12 and 17 degrees Celsius, but farms had been warmer than usual since early December. New Zealand King Salmon Chief...

Mt Cook Salmon appointment

[2 February/ Otago Daily Times] Professional director Sarah Ottrey has been appointed to the board of Mt Cook Alpine Salmon. Ms Ottrey brings an array of previous board and senior management experience to the position. Notably, she has worked for Unilever before moving to DB Breweries where she became the head of marketing. As the...

Marlborough oysters binned and buried in fight against deadly parasite

 [7 September/ Stuff] The Ministry for Primary Industries ordered the removal of ten Marlborough Sounds farms to control the spread of Bonamia ostreae which threatened Bluff oysters in July. 220 tonnes of oysters and farm equipment have been ripped out of the Marlborough Sounds to eradicate the parasite. A local oyster farmer said it would...

Auckland designer launches luxury fish skin bags

[27 August/Stuff: Business] Auckland design house, Nordik, has launched a range of bags made from salmon skin. Nordik is owned by Lilja Viggosdottir, an Aucklander of Icelandic descent who on a visit to Iceland found shop after shop selling souvenirs made from fish skin. The salmon skin is a byproduct of the fishing industry and...

NZ King Salmon keeping an eye on future expansion costs

[25 August/Stuff: Business Day] New Zealand King Salmon has posted a stronger than forecast final profit of $22 million on the back of a 38% increase in sales to North American restaurants. The company supplies Ora King Salmon to around 800 restaurants in the US (accounting for about 25% of sales), while around 50% of...

New Zealand King Salmon ‘pretty much resigned’ to a post-election farm decision

[8 August/ Stuff] Primary Industries Minister Nathan Guy has until August 23 before Parliament dissolves to trigger the legislation needed for the salmon farm relocation plan in the Marlborough Sounds. The Ministry for Primary Industries proposed to relocate six low-flow farms to higher flow areas in the Sounds, creating better environmental outcomes. King Salmon Chief...

NZ King Salmon lifts annual earnings guidance on appetite for fish

 [26 June/ National Business Review] New Zealand King Salmon Investments has indicated that it expects to beat its prospectus earnings forecasts for the year to 30 June on the back of strong demand for its products in recent months and positive fish performance.  The company has also reaffirmed forecast earnings for the 2018 year.  Last...

Salmon farm relocation opponents consider judicial review if Primary Industries Minister backs proposal

[1 June/ Stuff] Environmental and community groups are considering their next action if Primary Industries Minister Nathan Guy invokes section 360A of the Resource Management Act to overrule aquaculture rules set by the council, allowing the relocation of six salmon farms in the Marlborough Sounds to proceed. If Mr Guy approves the relocation bid, the...

New Zealand King Salmon fast-tracks new harvest process after US exports denied entry

 [6 March/ Stuff] New Zealand King Salmon has fast-tracked a new harvest method after the US Food and Drug Administration (FDA) notified King Salmon that two shipments were turned away by border authorities and held for a three-day routine testing. The salmon shipments contained isoeugenol, a naturally occurring compound in clove oil-based sedative product, Aqui-S,...

Marlborough Sounds residents remain firm in opposing relocation of salmon farms

 [5 March/ Stuff] The Marlborough Sound’s community do not want salmon farms relocated in the Pelorus Sound. In a meeting between residents of the Pelorus and Kenepuru Sounds and the Ministry for Primary Industries (MPI), the two groups failed to agree on the best solution to relocating six New Zealand King Salmon farms in the...

NZ fresh food exports drive company earnings

[1 March/ Radio NZ] Earnings for T&G Global and New Zealand King Salmon have increased due to New Zealand’s reputation for quality fresh food exports. Fresh produce seller T&G Global has seen a two-thirds rise in full-year profit due to increased sales. The company showed a $32.4 million net profit for the year ended December,...

King Salmon announces Picton expansion, new product plans

 [6 February/ NZ Farmer] New Zealand’s largest king salmon farmer, New Zealand King Salmon, announced that 30 jobs would be created in Picton next year, even if the Ministry for Primary Industries proposal to move six King Salmon farms to higher-flow areas does not progress. Chief Executive, Grant Rosewarne, said that even if the farms...

Salmon farm proposal causes concern among iwi

 [31 January/ Business Day: NZ Farmer] Te Tau Ihu Customary Fisheries Forum Chair, Richard Bradley, has described MPI’s plan to relocate six salmon farms as “not honourable”.  The Maori Commercial Aquaculture Settlement Act in 2004 provided for iwi to have a 20% share in any new water space made available for aquaculture, however Mr Bradley...

Fish farm tenders sought for Coromandel zone

 [30 January/ Business Day: NZ Farmer] Tenders are open for the first time for water space in the North Island’s first fish farming zone; the Coromandel Marine Farming Zone, a 300 hectare are in the Firth of Thames, west of Coromandel Town.  The Waikato Regional Council says that the 240 hectares that are up for...

South Island salmon farms shift proposed

 [27 January/ NZ Herald] Public consultation is to occur on a proposal by the Ministry for Primary Industries to relocate six salmon farms operated by New Zealand King Salmon in the Marlborough Sounds.  With the goal of enabling the company to better fulfil its environmental obligations, five of the farms will be moved into the...

Work begins to develop open-ocean marine farms

 [Aquaculture /Radio New Zealand Business] Two sites of the east coast of New Zealand have been earmarked for open-ocean research by the aquaculture industry.  The sites offshore from Opotiki in the Bay of Plenty and Pegasus Bay in Canterbury will be used to trial technology in open ocean conditions.  The project, being led by the...

New Zealand King Salmon lists on the NZX and the ASX

[19 October/ Business Day] New Zealand King Salmon has been listed on the NZX and ASX, with a $1.12 share price valuing the company at nearly $155 million. The shares rose to $1.15 shortly after being listed before falling back throughout the day. New Zealand King Salmon will use the $30 million raised through the...

King Salmon IPO to issue shares at $1.12

 [23 September/ Radio NZ Rural] New Zealand King Salmon shares would be sold at $1.12, near the bottom end of its indicative price range of $1.10 to $1.20. New Zealand King Salmon Chairman, John Ryder said the company was delighted that New Zealand investors had demonstrated such strong support for the initial public offering, with...

NZ King Salmon float aims to raise between $76-82 million

 [22 September/ National Business Review] First NZ Capital and Macquarie have confirmed that the indicative price range for New Zealand King Salmon’s initial public offering would be between $1.10 and $1.20. The range was between 7.75 and 8.32 times the company’s earnings before interest, tax, depreciation and amortisation for the year ending June 2017. Eligible...

Salmon producers combine operations

 [13 September/ Otago Daily Times] Mount Cook Alpine Salmon (MCAS) has announced the purchase of Aoraki Smokehouse Salmon. Both companies operate salmon farms in hydro canals in the Mackenzie district, with MCAS producing just over 1,000 tonnes a year and Aoraki producing just under 600 tonnes a year. Mount Cook Alpine Salmon Chief Executive, David...

Community, industry involvement needed for Marlborough aquaculture review

[7 September/ Business Day: NZ Farmer] Marlborough District Council Mayor, Alistair Sowman said the Government may be required to step in if Marlborough marine farmers and community groups did not cooperate with the council to review aquaculture policies. Environment Committee Deputy Chairman, David Oddie said the initial deadline for the new aquaculture regulations was Christmas,...

Salmon set to make share market return

 [30 August/ NZ Herald] New Zealand King Salmon has announced plans to raise up to $200 million through an initial public offer and listing on the NZX and ASZ by late October. Proceeds from the offer would be used to repay debt, fund future investment and working capital, and to enable its second biggest investor...

Golden Bay’s Wainui Bay residents and spat farmers at odds over plan change

[24 August/ Business Day: NZ Farmer] The Wainui Bay Spat Catching Group is looking for certainty around the future of their industry and have asked for a plan change to ensure mussel spat catching and holding could continue in Wainui Bay once the current plan period ended in 2024. Representatives from the Wainui Bay Spat...