Aquaculture in Norway

Here is an analysis and summary of the most important news from the aquaculture industry towards the end of December 2025. The news landscape is characterized by major strategic moves among the largest players, serious HSE incidents, and biological challenges that require preparedness even during the holiday season.

Strategic shifts and consolidation among the giants

Mowi has concluded its strategic review with an unexpected turn that yields $65 million in annual savings. At the same time, questions are being raised about their long-term feed strategy as they seek closer cooperation with Skretting, challenging the established model of full vertical integration. In parallel, Mitsubishi and Cermaq are gearing up for the acquisition of Grieg Seafood's operations through significant capital increases.

Why it is important: This signals a trend where even the largest players now prioritize cost efficiency and capital discipline over blind vertical integration, while consolidation in the industry continues with unabated strength.

Sources: [Salmon Business (Mowi)](https://www.salmonbusiness.com/mowi-ends-strategic-review-with-surprise-outcome-and-65-million-in-savings/), [Salmon Business (Fôr)](https://www.salmonbusiness.com/back-to-the-future-does-a-salmon-farmer-still-need-to-own-its-own-feed/), [Salmon Business (Cermaq)](https://www.salmonbusiness.com/mitsubishi-flags-cermaq-capital-increases-to-fund-grieg-salmon-deal/)

Serious HSE incidents characterize the operational landscape

There have been two serious accidents related to vessel operations in the past week. An explosion on board one of Lerøy's boats in Bjørnafjorden triggered a full emergency response, and a man in his 20s was flown to the hospital with critical crush injuries following an incident on another vessel.

Why it is important: These incidents underscore the inherent risk in maritime operations and remind the industry that a continuous focus on safety culture and technical maintenance is vital, especially during periods of high work pressure or reduced staffing.

Sources: [iLaks (Eksplosjon)](https://ilaks.no/eksplosjon-i-leroy-bat-i-bjornafjorden/), [iLaks (Klemskade)](https://ilaks.no/mann-i-20-arene-flydd-til-sykehus-etter-klemskade-om-bord-pa-bat/)

Biological risk: ISA detection during the Christmas holidays

Eide Fjordbruk had infectious salmon anemia (ISA) detected at the Ospeneset site on Christmas Eve itself. This follows a period where biological control is crucial for maintaining harvesting plans and market supply.

Why it is important: The detection of ISA entails strict restrictions and requirements for culling, which results in major logistical challenges and economic losses. The fact that this occurs during a holiday tests the preparedness of both the farmer and the authorities.

Source: [iLaks (ILA-påvisning)](https://ilaks.no/eide-fikk-ila-pavisning-pa-julaften/)

Market unrest and price correction for 2026

After a sharp price increase driven by logistics bottlenecks and the Christmas rush in Europe, we are now seeing the first price corrections as trading for 2026 begins. At the same time, the supplier Fish Care Solutions (FCS) has been reported bankrupt, showing that margin pressure in the value chain remains real for equipment suppliers.

Why it is important: The transition to a new year entails

Sources: [iLaks (Pris)](https://ilaks.no/lakseprisen-faller-tilbake-idag-skal-vi-kjope-fisk-for-neste-