Metric loss

Norway Royal Salmon’s Icelandic salmon farm obtains additional production licenses

Icelandic salmon farming group Arctic Fish, half-owned by Norway Royal Salmon, has received salmon licenses in Arnarfjordur.

The new licenses give the company the right to produce 4,000 metric tonnes of salmon at the site.

Arctic Fish’s Maximum Allowable Biomass (MAB) is now 27,100 metric tons, with 21,800 metric tons in salmon licenses and 5,300 metric tons in trout licenses. The company’s trout licenses are being converted to salmon licenses.

With the new Arnarfjordur license, the producer can now operate in all fjords available for fish farming in the Westfjords region of the country.

Last month, Arctic Fish lost 3,000 metric tons of large fish that were market-ready in a massive kill event.

Losses are estimated at around NOK 106 million (€10.5 million/€11.9 million). The company expects a 22% reduction in harvest volumes in 2022 to 10,100 metric tons.

The highest mortalities occurred in the cages with the highest average weight and were believed to be caused by circulation problems, suboptimal gill health conditions, and heart and skeletal muscle inflammation (HSMI), which is endemic to Iceland.

Harvesting capacity limitations increased the loss to the business, both as a preventative measure and to reduce the loss when the situation arose.