Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Chief and State Finance Minister Datuk Seri Musa Aman stresses the importance of using sustainable methods. (Photo: StockFile)

Deal signed for world's biggest lobster aquaculture park

Click on the flag for more information about Malaysia MALAYSIA
Wednesday, November 07, 2012, 00:40 (GMT + 9)

Darden Aquascience Sdn Bhd, a subsidiary of Darden Restaurants Inc, has signed a deal to build the first-ever Integrated Lobster Aquaculture Park (iLAP) in Semporna, Sabah, with Nexus Sustainable Seafood Sdn Bhd and Inno Fisheries Sdn Bhd.

The MYR 2 billion (USD 652.9 million) 9,300 ha-park would generate more than 14,000 high income jobs by 2022 and up to 40 million lb of hatchery-based tropical Sabah native spiny lobsters once it reaches maximum capacity in 2029.

It would be the biggest lobster farm in the world. The plan is to sell the crustaceans in Asia and supply them to Darden’s restaurants.

The pilot hatchery is expected to begin next year, Borneo Post reports.

"I wish to emphasise that we welcome Foreign Direct Investments from strategic partners that are able to stimulate the local economy and generate income for Malaysians in Sabah,” said Chief and State Finance Minister Datuk Seri Musa Aman. "Our cooperation with Darden Inc is timely as we move forward to unlock the potential of Sabah's natural endowments using sustainable methods.”

Musa said it marked a significant milestone for Malaysia’s aquaculture industry. He estimates the global market for lobsters at over USD 4 billion a year with the Asia Pacific region, particularly China, making up about 75 per cent, Daily Express reports.

"The pioneering sustainable lobster aquaculture initiative would place Malaysia and Sabah on the global aquaculture map," he stated.

"It is our hope that there will be a number of high-income farmers in Sabah's east coast once this project starts and develops," he commented.

Musa is expecting iLAP to attract other foreign investors who wish to enter the country’s food production sector.

"This business venture has already opened an opportunity for bumiputera company Ever Nexus, together with Inno Fisheries Sdn Bhd, to successfully form a partnership with Darden Inc. This goes to show that effective participation of Bumiputera entrepreneurs is achievable within the Economic Transformation Programme (ETP) and other national level plans," he said.

Meanwhile, Darden Restaurants, Inc Chairman and CEO Clarence Otis said the move was a milestone event for the company.

"As Darden continues to grow, our business is expanding to new geographies and into new lines of business. Lobster aquaculture is one of those, and we believe it's an undertaking that holds great promise not only for our company and our planet, but also for the people of Malaysia," he stated.

Darden also planned to build a regional operations hub in Malaysia to assist with potential future restaurant growth in the Asian market.

Meanwhile, Managing Director of Ever Nexus Dr Shahridan Faiez said the Sabah region was the best location for developing this project due to its pristine resources and geography.

"We're very excited to be working with Darden on this ground breaking initiative that will promote sustainability while helping to meet the growing global demand for seafood and helping relieve pressure on wild fisheries," he said.

Related article:

-
Darden to build world's biggest lobster farm

By Natalia Real
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Italy
Aug 2, 07:00 (GMT + 9):
IN BRIEF - Friend of the Sea trout supports top music event in Italy
United States
Aug 2, 07:00 (GMT + 9):
IN BRIEF - Invasive lionfish likely safe to eat after all
United Kingdom
Aug 2, 07:00 (GMT + 9):
IN BRIEF - Board Statement: Ensuring that MSC certified companies are free from forced labour
Iceland
Aug 2, 07:00 (GMT + 9):
IN BRIEF - VOPNAFJÖRDUR BUZZING WITH ACTIVITY
Australia
Aug 2, 07:00 (GMT + 9):
IN BRIEF - Could fish oil be the answer to ADHD?
European Union
Aug 1, 23:50 (GMT + 9):
Landing obligation concerns pelagic producers
United States
Aug 1, 23:30 (GMT + 9):
New tracking methods provide compehensive data on bigeye tuna
Mexico
Aug 1, 23:20 (GMT + 9):
Catch of large shrimp with higher commercial value expected
United States
Aug 1, 23:10 (GMT + 9):
Shrimp shells useful for uranium extraction
Spain
Aug 1, 22:30 (GMT + 9):
'Mauritania has had it its own way, once again'
Norway
Aug 1, 21:30 (GMT + 9):
Salmon price status at week 31
Chile
Aug 1, 03:40 (GMT + 9):
Seaweed exports feature higher volume and better price
United States
Aug 1, 02:50 (GMT + 9):
IN BRIEF - New use for shrimp shells explored
Thailand
Aug 1, 02:50 (GMT + 9):
IN BRIEF - Supermarket giants in Thailand for prawn slavery talks
United Kingdom
Aug 1, 02:50 (GMT + 9):
IN BRIEF - The Green Party is calling on members and supporters to sign the petition produced by the Alliance to Save Our Antibiotics



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Bigeye tuna fisheries worsening, new assessments show
New Caledonia New assessments on the status of key regional tuna stocks recently released by the Secretariat of the Pacific Community show that bigeye has now been reduced to less than 20 per cent of its unfished stock size.
Alaska fisheries at risk from ocean acidification, NOAA-led study shows
United States Ocean acidification is driving changes in waters vital to Alaska’s valuable commercial fisheries and subsistence way of life, according to new NOAA-led research that will be published online in ...
Jumbo flying squid exports fall
Chile Chile exported jumbo flying squid (Dosidicus gigas) for USD 70 million in 2013, a figure which shows a 15.7 per cent drop over the previous year.
Consumer agency accuses McDonald’s of irregularities
Russia Fed. The country’s main consumer watchdog found violations of food standards by McDonald's and filed a lawsuit in Moscow against the US fast-food chain, urging it to withdraw certain products.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council  - MSC Worldwide
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER