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Clean Seas Plan for 20,000 Tonnes of Finfish

UK - Eyre Peninsula fish farmer Clean Seas Tuna has put forward an ambitious strategy to improve its performance and expand the business.

Key corporate goals include the production of up to 20,000 tonnes of farmed finfish a year, reports TheAdvertsier.

In a business update to the Australian Securities Exchange yesterday, it detailed strategies to overcome rapid growth pains and the challenges of pioneering a new industry.

According to The Advertiser, the company, founded and chaired by Port Lincoln fisherman Hagen Stehr, has embarked on a comprehensive efficiency drive. It has also ordered a review of every step of the business, all senior positions and the board's composition.

Its key corporate goals include the production of 10,000 tonnes of commercially-produced southern bluefin tuna, 7500 tonnes of kingfish and 2500 tonnes of wild-caught tuna.

The company is also considering the purchase of the Stehr family's private tuna business next year, but not its tuna quota, which it proposes to lease.