Fishfarmer Magazine
 
20 March, 2010



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Australian barramundi farm signs supply deal with Vietnam Fisheries University

10 July, 2007 -

PERTH-BASED seafood company Australis Aquaculture has announced that it has signed a supply agreement and management contract with Vietnam's Nha Trang University of Fisheries.
Under the terms of the MOU, the university will establish a new centre for marine fish seedstock breeding, that will provide Australis with technical and management services and large-scale barramundi fingerling supplies on an exclusive basis for an initial 5-year term. Working in the university's existing hatchery and in a new hatchery to be constructed by Australis, the centre is expected to supply up to 12.6 million fingerlings per year for use by Australis.
Commenting, Managing Director, Josh Goldman said: "This agreement is an important step forward for Australis and will further strengthen our leadership position in the world barramundi market. By securing an exclusive supply of fingerlings as well as operational support from the university, we will be able to fast track our growth plans.
"Together, the combination of immediate, high-volume, supply of fingerlings and local management services provided by the centre are expected to facilitate a rapid filling of Australis' Vietnamese production pipeline, with the aim of producing 10,000 tonnes of barramundi annually by 2012."





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