Soaring salmon prices due to high global demand have proven an alluring bait for struggling offshore rig and vessel players as they see their balance sheets sink in a sea of red ink, with some now turning to the booming fish business.

Notably, the couple behind North Sea Rigs, which has three speculative newbuild semi-submersible rigs sitting idle at China’s CIMC Raffles yard with no work in sight, have launched a new venture to build a floating fish farm — dubbed Hex Box — at the same yard.

Heidi