Certainly ocean farming is growing tremendously and so the aquaculture industry. In this regard Clean Seas Tuna announced to farm southern bluefin tuna, essentially reproducing the complete lifecycle from egg to adult fish. It is said that another part of its business is breeding and selling kingfish and mulloway.
The company said that its expertise comes from its parent company and main shareholder, the Stehr Group, which has three decades of experience in tuna fishing and offshore farming of fish. Wise-owl.com analyst Sven Restel informed that the revenue from kingfish and mulloway is mainly used to give the company some cash flow until they can achieve reproduction of the whole tuna lifecycle.
He told as opposed to kingfish and mulloway sales, bluefin tuna is a higher-margin business. Often used in sashimi and sushi, the fish attracts strong demand from Japan. It is fact that the authorities have tried to preserve the bluefin tuna, a prized fish, by installing a global catch quota.
According to Clean Sea its main aim is to fully control the lifecycle by producing 10,000 tonnes of southern bluefin tuna at a margin of $10,000 a tonne by 2011-12. Restel said that the company has had success over the year with the production of bluefin tuna eggs and some larvae. The next step is to fully control the harvest of fingerlings.
Clean Seas has an offshore breeding facility by Arno Bay in South Australia. Restel opined that margins can be improved through value-adding products and lowering costs through frozen portions. It is said that a new aquaculture harvest vessel has recently been deployed that can provide constant cold chain control, which will help lower the logistics cost.
