News
Issue No. 37 - October/November 2007
No catch in Clean Seas' promising full-year haul
SA’s biggest fish farming enterprise, Clean Seas Tuna Limited, has reported a $1.7million before-tax profit — a pleasing result for its chairman, Hagen Stehr.
“This has been a year of growth and it is pleasing to achieve a full year profit even though staff and resources are under pressure as the business expands,” Hagen says.
Formed as a division of Pt Lincoln fishing enterprise, The Stehr group and listed on January 2006, Clean Seas is pushing back frontiers of knowledge. A 40-year tuna industry veteran, Hagen has often warned authorities about over-fishing depleting wild stocks and through Clean Seas he is backing his stand on using aquaculture to ease pressure on wild stocks.
Clean Seas is a core collaborator in the new Seafood Cooperative Research Centre which opened its doors at the Mark Oliphaunt Building of Science Park in August. The Seafood CRC will focus on value-adding seafood products, improving management practices and access to premium export markets and Clean Seas is dovetailing its programs with the CRC.
An ASX flurry followed Clean Seas’ announcement in March of a breakthrough in captive tuna breeding.
Clean Seas is running a world-leading commercial propagation program for southern bluefin tuna through spawning and grow-out of the fish using the company’s own broodstock. Earlier this year, Clean Seas induced reproductive maturation among male tuna broodstock at the company’s purpose-built breeding ...
