Commercializing Ocean Resources: Aquaculture & Biomedicines Don Kent Hubbs-SeaWorld Research Institute Presented at the Maritime Business and Technology.

Commercializing Ocean Resources: Aquaculture & Biomedicines

Don KentHubbs-SeaWorld Research Institute

Presented at the

Maritime Business and Technology SummitSan Diego, California

November 16, 2010

The Aquaculture Imperative

40 million more tonnes of aquatic food will be required by 2030 to maintain the current per capita”

FAO 2006

World Fisheries and Population Trends

0

50

100

150

200

250

300

1970

1975

1980

1985

1990

1995

2000

2005

2010

E

2015

E

2020

E

2025

E

2030

E

Mill

ion

met

ric

ton

s

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

Bill

ion

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f peo

ple

Catch for fishmeal Catch for peopleAquaculture Population

At a landed price of $4/kg this is $6 billion supporting 60,000 seafood industry jobs for a benefit of $24 billion to the US economy.

Courtesy: Jingjie Cho, NOAA Aquaculture

Increasing Global & Domestic Demand

NOAA Strategic Goal: 1.5 million more tonnes by 2025

Over 83% of USA’s seafood

is imported

Technology is well-established and can be engineered to each site

Site Requirements

• Need – 100 ft < and > 350 ft deep– Clean water with consistent

current

• SCB offers an ideal climate– predictable temperature– Infrequent extremes

• Avoid conflicts– Outside busy coastal zone– Sandy bottom

• Close to seafood industry market and distribution centers

San Diego has Everything Needed

Spiny Lobster $2,881

Thornyhead $500

Swordfish $1,477 All Others $1,060

Sea Urchin $503

Spot Prawn $648

Value of Fish Landed in San Diego for 2006(Values are in $1,000 USD)

Total harvest = $7 million

San Diego Is No Longer the Tuna Center

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10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Eureka

Fort Brag

g

Bodega Bay

San Francis

co

Monterey

Morro Bay

Santa Barabara

Los Angele

s

San Dieg

o

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

Landings (MT) Value (USD)

Source: http://www.dfg.ca.gov/marine/landings06/table15.pdf

S. Calif. Landings

2006 Landing Weight and Value by Port

Source: CDFG Fish Bull 109S. Calif. Fishing Areas: 194 x 100 sq. mi. = 19,400 sq mi

Commercial Fishing:100K mt worth $59 MM/19K sq mi =

$3,041/sq. mi.

Offshore farms:100K mt/yr in 40 farms in 20 sq. mi. worth $400 MM at $4/kg =

$20 million/sq. mi.

Efficient Use of the Offshore Environment

Baja California Tuna Farming

The Sonoran Marketing Plan

•Hermosillo to:• Los Angeles: 500 miles• Chicago: 1,550 miles• New York: 2,200 miles

Estimated 50+K tons of Hamachi Yellowtail is imported to USA every year: • @ $12/Kg = $600 million

Commercializing Ocean Resources: Aquaculture & Biomedicines

Don KentHubbs-SeaWorld Research Institute

Presented at the

Maritime Business and Technology SummitSan Diego, California

November 16, 2010

Thank You!