Aquaculture

Kingfish farm a step closer after iwi gets nod to apply for consent in Hauraki Gulf

[28 September/Stuff] The North Island’s first offshore fish farm was possible after permission was granted to apply for resource consents to farm kingfish. Waikato Regional Council granted   Pare Hauraki Kaimoana authorisation to apply for consents. It would occupy 240 hectares in the Firth of Thames. The space was around 10 kilometres offshore from Coromandel Town....

King Salmon showcases giant tyee salmon, records jump in profit

[29 August/Stuff] King Salmon Chief Executive, Grant Rosewarne, said its launch of super-sized tyee salmon was a success although production remained small. The company had only been able to harvest around 10 per month given the salmon required more space and nutrition than regular salmon, and would grow to around 13 kilograms, being double the...

Oyster farmers still waiting for millions in MPI compensation

[12 August/NZ Herald] The Ministry for Primary Industries has paid out less than $1 million of compensation a year after it ordered the destruction of millions of Stewart Island farmed oysters. Business loss claims were understood to top $100 million. MPI said two out of 40 claims had been settled in full, and three partially....

Sir William joins board

[12 July/Rural Life] Former Prime Minister, Sir William English, would join the board of Mt Cook Alpine Salmon. He had been appointed effective from the start of August. Chairman, Sir Jim Bolger, said his recent retirement from politics gave him the opportunity to work in a fast growing company such as this one. Mr English...

NZ King Salmon expects a record result despite poor farming conditions

[6 June/NBR] New Zealand King Salmon just went through its worst summer, but still expected to reach the top end of its profit guidance. Chief Executive, Grant Rosewarne, said even though they had their most difficult farming year ever, the company was still headed towards a record financial result. He noted it was a chance...

Southland Aquaculture group looking into offshore aquaculture at conference in Norway

 [8 June/Stuff] A Southland delegation are headed to a global aquaculture summit in Norway to look for ways to expand the industry in the region. The group which included members of the local industry steering group as well as NZ King Salmon group members attended the conference. The group was looking into offshore aquaculture in...

Salmon industry in short supply turns to Atlantic seas for help

 [3 June/Stuff] New Zealand King Salmon sought stock from outside of New Zealand waters after demand exceeded supply. Chief Executive, Grant Rosewarne, warned the move could be permanent as New Zealand salmon supplies suffered in the face of static stock numbers. The company faced shortfalls of between 20 and 30 tonnes a week. Mr Rosewarne...

Thousand tonnes of dead fish poses problem for King Salmon

[15 May/Radio NZ] New Zealand King Salmon is seeking a government grant of $116,000 from the Waste Minimisation Fund to help devise economically valuable ways to deal with thousands of tonnes of dead fish and fish faeces. Mortalities are collected daily and transferred via road from Picton to Havelock North to the landfill in Blenheim....

King Salmon , but heat is on

[2 March/Otago Daily Times] With sea temperatures well above average, a record $15.7 million first-half profit for New Zealand King Salmon has been tempered by a second-half profit warning. King salmon estimated second-half profitability to be lower due to lower sales volume, a de-acceleration of harvesting, increased fish mortality and increasing feed costs.  Chairman, John...

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...