A presentation on global seafood supplies and the role of sustainable aquaculture.

1. INVESTING IN SUSTAINABLE AQUACULTURE

5. Where Will Our Future Supplies of Seafood Come From?

7. Global Capture of Marine Fish (1985-2005) The situation may appear stable…but the severity of the problem is being masked by improved gear technology, globalization of the fishing effort and species substitution

8. Total European Catches (1985-2005) 38% decline over the past twenty years

9. European Cod Catches (1985-2005) Following the overall catch decline, there has been a 38% decline in total Cod catches in European waters during the last twenty years

10. North American Cod Catches (1985-2005) there has been an 85% decline in total Cod catches in Atlantic waters over the course of the last twenty years The situation in North America is even worse…

11. Global Capture of Orange Roughy (1985-2005) A dramatic example of what happens when reproductive populations of a slow growing fish are harvested at unsustainable levels… total fishery collapse

12. Global Capture of Chilean Sea Bass (1985-2005) A textbook example of how the popularity of a fish with consumers can quickly lead to its demise Phase IV: Impending fishery collapse Phase I: Rise in popularity Phase II: Increased fishing effort Phase III: Unsustainable fishing pressure

13. Aquaculture: The Solution to the Global Seafood Crisis “ We must plant the sea and herd its animals using the sea as farmers instead of hunters. That is what civilization is all about - farming replacing hunting.” Jacques Yves Cousteau On land, the “green revolution” brought dramatic increases in crop production. Dramatic advances in aquaculture have led us into the era of the “blue revolution”

14. Aquaculture’s contribution to global seafood production has grown from 13% in 1985 to 40% in 2005; equivalent to a 23% annualized rate of growth Securing the World’s Future Supplies of Seafood: Aquaculture’s Growing Share of Global Seafood Production in ‘000 metric tonnes Culture Culture Capture Capture 11,353 62,959 79,350 94,572

15. Global aquaculture production has increased 455% over the last twenty years, an average year over year growth rate of 23% Global Aquaculture Production (1985-2005)

16. The Growing Importance of Aquaculture in the Future metric tonnes Capture Fisheries Aquaculture The aquaculture industry must almost double over the next 45 years just to keep per capita seafood consumptions rates equal to current rates

17. Global Salmon Production (1985-2005) Global farm-raised salmon production has increased 633% over the last twenty years; an average year over year growth rate of 32%

18. In 2005, the shrimp farming industry generated USD 10.6 billion in annual turnover

19. Shrimp farming has experienced 1,150% growth over the last twenty years; an average annual growth rate of 57% Global Shrimp Farming Production (1985-2005)

20. Rapid Advancement in Production for the Top Three Aquaculture Species Shrimp Salmon Tilapia

21. Historical Production Trends for Farm-Raised Seabream & Seabass (1985-2005) Seabream Seabass

22. Barramundi Production Trends in Emerging Aquaculture Species (1985-2005) Cod Cobia

24. Sustainable Aquaculture

25. Certification, safe seafood watch lists and labelling schemes will all be used in the process of verifying sustainability of the operations

27. References 2007. The State Of World Fisheries and Aquaculture. FAO Fisheries And Aquaculture Department. Food and Agriculture Organization of the United Nations. Rome, Italy. 2007. FAOSTAT. Food and Agriculture Organization of the United Nations. faostat.fao.org. 2003. Pauly, D., and R. Watson. Counting the Last Fish. Scientific American. Volume 289. Issue 1. 2004. Pauly, D. Empty Nets. Alternatives: Canadian Environmental Ideas and Actions 30(2):8-13. 2005. Kelleher, Kieran. Discards in the World’s Marine Fisheries, An Update. Fishing Technology Service. FAO Fisheries Department. FAO Fisheries Technical Paper 470. Food And Agriculture Organization of the United Nations. Rome, Italy. 2007. Marine Harvest Annual Report. A World of Potential. Marine Harvest ASA. OSLO, Norway. 2007. Bloomberg Financial Services. Industry Financial Data. 2006. Fiala, Nathan. Economic and Environmental Impact of Meat Consumption. University of California. Irvine, California (USA). 2007. U.S. Census Bureau, Population Division. International Data Base. Washington, DC (USA). 2007. Biomar. Q2 2007. Supplementary Information for Investors and Analysts. 2007. Davidsson, Kristjan. The Seafood Industry – An Investors Perspective. Glitnir banki hf., Reykjavík, Iceland. Picture Credits Australis Aquaculture, Snapperfarm, Cell Aqua, National Geographic, High Health Aquaculture, Cyanotech, Grieg Seafood, Saudi Fisheries, VSV, awi-bremerhaven.de, fishoildirect.com, atlas-stord.com, aliciapatterson.org, jjphoto.dk, niwa.co.nz, estatevaults.com,