Press Kit Belize Cobia Latin Name - Rachycentron Canadum Marine Farms Belize Slide Topics Marine Farms Belize Marine Farms Belize Belize Cobia Festival Sep 23, 2008 Damian’s On the River 737 River Road New Boston, N.H. . 603 497 8888 Prosciutto Wrapped Pan Roasted Cobia On Herb risotto and Baby Spinach Smoked Cobia With Organic Salad Bouquet and Citrus Chive dressing Duet of Cobia White Wine Poached and Lemongrass skewered Cobia On Sardinian Couscous Grilled Cobia Mini Steak Caramelized onion mashed potatoes and Sautéed Vegetables Pumpkin Cheesecake with Roasted Pecans, Caramel and Chantilly Cream SPECIAL THANKS TO PERFECTA WINES FOR THE WINE PAIRING Marine Farms Belize Marine Farms Belize Cobia in the Wild MFB Employees 50 As of Sep 2008 “Belize is a developing country that needs foreign investments and job creation to develop. Our investment helps by bringing new skills to the country – marine fish farming. Likewise, our employees are pleased to showcase their efforts by bringing high quality cobia to American chefs and consumers.” Bjørn Myrseth, CEO Marine Farms ASA - Norway Marine Farms Belize Marine Farms Belize Marine Farms ASA Postboks 2032, Nordnes 5817 Bergen Norway Phone: +47 55 90 44 70 Fax: +47 55 23 46 45 Why is Aquaculture Important The planet's human population has doubled within the last 40 years to 6 billion. About 216,000 humans are born each day... and counting. All these mouths to feed, compounded with the hi-technology used by commercial fishing fleets, and increasing industrial and domestic pollution, is proving to be just too much for our oceans, rivers, and lakes to sustain.1 Did you see 60 Minutes on Blue Fin Tuna, Sunday, Sep 8? 1www.aquaculturecenter.com/cobia.html Marine Farms Belize Aquaculture in Perspective • Constrained by Technology and Permits • 50% of Seafood Consumed by Humans is from Aquaculture - NOAA - And Growing!1 • 40% Consumed in the U.S. is Farmed2 • 84% of Our Seafood is Imported2 • Atlantic Salmon Will Equal 3.1 Billion Pounds in 20083 • Cobia Expected to Be 2nd in Ocean Farmed Production COBIA - The New Tropical White Fleshed Seafood 1 FAO 2006; Delgado et al. 2003; Offshore Aquaculture in the United States: Economic Considerations, Implications & Opportunities; July 2008 (pre-publication), NOAA 2 www.nmfs.noaa.gov/fishwatch/trade_and_aquaculture.htm; 84% according to the National Marine Fisheries Service per The Palm Beach Post (Fla.) August 3, 2008. Lars Liab of Kontali Analyses at the Norwegian seafood industry’s conference ‘Sjomatdagene 2008’ held in Hell, Norway, Jan 22, 2008. 3 Marine Farms Belize Where Do We Find Cobia? Almost all tropical waters except the Eastern Pacific Marine Farms Belize Marine Farms Recognized Need for White Fleshed Marine Cultured Fish Options Possible • Halibut - Grow-out costs high • Cod & Tuna - Wild price variation impacts profitability • Grouper - Slow growth - costly • Kona Kampachi - Has promise Cobia - Best Choice Potential Marine Farms Belize Why Farm Cobia? • • • • Chefs Want “Something New” The Market Wants More Fish The Market Wants “New Species” Demand for "White Meat” Fish is Increasing • Cobia: “Everything You Want” In A Farmed Fish – Excellent Eating Qualities – Broiled/Grilled, Sautéed, Baked, Boiled, Deep Fried, Sushi & Sashimi – White Flesh – Large Fillets – High in Omega 3s – Efficient Production in Sea Pens – Fast Growth - ~ 12 # in one year - 3X Salmon – Year Round Egg Supplies Consistent Quality, Available Year-round, Stable Price, Service Future Projections Live Weight Cobia Harvested Marine Farms Belize 2008 2012 1.8 Million Pounds 8-11 Million Pounds Marine Farms Belize Cobia Global Farmed Production Total = 62 Million Pounds Estimated in 20071 China 44 Taiwan 9 Vietnam 4 Caribbean 2 Philippines, Thailand, Japan 1 Each May Grow by 2012 to: • 100 Million Pounds Global Production • 17 Million Pounds “CAPACITY” from MF ASA • 11 Million Pounds Possible from MF Belize 1 p. 34, 1Q presentation by Marine Farms ASA, 16 May 2008, Oslo. Marine Farms Belize COBIA - Stealth of the Sea • Also Known As Lemon Fish, Kingfish, Crabeater, Black Salmon1 • Usually Travel in Pairs - Few Targeted2 Commercially • Incidentally Caught or Game Fish in U.S. Gulf, S. Atlantic, Caribbean • White Flesh • Taste Similar to Sea Bass • Texture Similar to Swordfish • Rich or Succulent Flavor • High in Omega 3s Given Current Feed Profile Common names, history, etc.: Black King Fish (Myanmar); Black Kingfish (Australia, Malaysia, United Kingdom, Butterfish), Black Salmon (Cuba, USA), Cabio (Jamaica), .., Kingfish (Papua New Guinea), Prodigal Son (S Africa, UK), Runner (UK), Sergeant Fish (Cuba, UK, USA)..: http://www.unep-wcmc.org/isdb/Taxonomy/tax-species-result.cfm?displaylanguage=ENG&Genus=Rachycentron&Species=canadum&source=animals&Country=&tabname=all Other common names such as butterfish and other history, etc:. http://zipcodezoo.com/Animals/R/Rachycentron_canadum/; 2 Fishing and habitat: Cobia are incidentally caught in fisheries for other pelagic species. These fisheries typically fish in surface waters and have minimal, if any, impact on habitat. Bycatch:ハCobia are not directly targeted by commercial fishermen and are caught as bycatch themselves in fisheries for other pelagic species and in shrimp trawls. Source: http://www.nmfs.noaa.gov/fishwatch/species/cobia.htm 1 Marine Farms Belize Enlightened Background • Germany - known as offiziersfisch or Officer’s fish1 • A common prefix: “King” fish - What do you Suggest? • World Record 135 pounds • Powerful exciting game fish • Large “tropical” pelagic fish • Grows in 70 to 90 F water • Only specie in the family • Often find with pilot fish/sharks, rays, turtles 1http://zipcodezoo.com/Animals/R/Rachycentron_canadum/ Marine Farms Belize The Country of Belize • Population 300,000 • Coastline 174 Miles long • Barrier Reef greatly protects coast - 2nd longest in World • Existing aquaculture industry • Proximity to USA market Cage Site Hatchery Marine Farms Belize Cage Site at Robinson Point Marine Farms Belize Environmental Considerations • Improving Ecological Efficiencies - Self-Sustaining Evolution – Indigenous species (the only one cultured locally) – Converting over time from fish to plant based feeds with Omega 3s – Fish Meal(50:50Waste&Natural - usually Menhaden) – Feed trials in process to reduce fish meal use – Working to reduce energy consumption by • Transporting chilled cobia by water • Improving monitoring with State-of-the-Art Equipment and Best Management Practices Marine Farms Belize Environmental Considerations, Cont’d • Environmental Practices in Place – MFB is implementing a comprehensive monitoring plan developed from the salmon aquaculture industry – Compliance - Local: (BAHA) and Federal: FDA, HACCP Authorities – Thorough Environmental Impact Assessments – Water quality monitoring program in conjunction with local DOE – Mud bottom monitored - no coral or marine impact due to: Low densities - Wide Cage spacing - High quality water Adequate current Marine Farms Belize Environmental Considerations, Cont’d – Predator nets surround each cage – Cages provide shade/protection to wild fish from predators – No antibiotics used since start up but may be required – Analysis shows extremely low/undetectable levels of the following: • • • – 0.290 ppm mercury, < 2.0 histamine and undetectable PCB’s Rated “Good Alternative” by Monterey Bay Aquarium Marine Farms Belize What Are Feed Components? Protein 45%, Fat 15% • Animal Components • • • Fish Oil – Menhaden (similar to sardines) - common in Gulf and East coast – Fishery product waste Poultry by-Product meal Vegetable Components — Ground extruded whole soybeans, Corn gluten meal, Brewers dried yeast • Vitamins, Minerals, Anti-oxidant Marine Farms Belize Cobia Nutrition Cobia…is high in riboflavin, niacin, vitamin B6,magnesium, and potassium. (USDA) Cobia is a “Low fat fatty fish containing good fat!” John Forster, Phd Marine Farms Belize Cobia Nutrition Compared to Wild King Salmon Cobia1 Serving Size Calories Total Fat 110 gm King Salmon2 % Daily 110 gm 3.9 oz 3.9 oz 270 254 22 gm 34 15 gm 8 gm 40 4 gm Cholesterol 35 gm 12 94 gm Sodium 60 gm Sat Fat Trans Fat ,Total Carbs Dietary Fiber, Sugars 0 Protein 18 gm Omega Oil 1,880 mg 2.5 0 66 gm NA (assumed 0) 28 gm 1,700 mg 1Kappa Labs; Fresh test of Marine Farms Belize Cobia Sep 18, 2007 2http://www.wrangellseafoods.com/pdfs/nutrition.pdf; 100 gm edible portion cooked dry heat adjusted linearly to 110 gm. Marine Farms Belize Distributors in Boston-NE Area • Steve Connolly • North Coast • John Nagle • Stavis • Smaller Distributors Buy from Above Marine Farms Belize Cobia Unsolicited Testimonials Executive Chef, CEC and Culinary Judge Harvard Club of Boston From: "Nick Zakharoff" XXX@HarvardClub.com> Date: January 18, 2008 9:10:35 PM MST To: nordicak@frontier.net Subject: RE: Cobia Comments We all tasted the fish today lightly grilled and seasoned as to not overpower the fish. We all thought it was excellent, a really great eating fish. Nick Marine Farms Belize Chef Marco Ilaria Instructor California Culinary Academy From: "Marco Ilaria" XXX@baychef.com Date: March 21, 2008 7:56:55 AM MDT To: "Kellus Sewell" nordicak@frontier.net Subject: RE: Cobia Review 3/21/08 Kellus, Thank you for the fabulous fish, it was fantastic. I served the cobia to some friends that are in the wine business, and they loved it.I prepared it by poaching it in olive oil with fresh herbs. I especially liked the firm texture and sweet flavor. The slow food event will be taking place in September but if you come back to the area get in touch with me and perhaps you could do a presentation here at the Academy.Thanks again, and have fun with fish. Marine Farms Belize Chef Damian Martineau, C.E.C. A.A.C. Former President, Capital Chef!s Association, D.C. Owner, Damian!s on the River New Boston, N.H. From: XXX@aol.com Subject: Cobia Comments Date: June 5, 2008 8:05:56 PM MDT To: nordicak@frontier.net Kellus,The fish is fabulous, this is my first time trying it. I gotta tell you it is wonderful, all the talk about being oily made me think it was going to be like a blue fish or mackerel but it is so much better. We have some great ideas brewing for you. Tomorrow we cook and take some pictures for you. To really develop and expand on the ideas we will need more product but let!s get the first batch out for you. The size I got is about 8 lbs. I believe is this the ideal size? Damian Marine Farms Belize Applications & Yield from Bullet Bullet Fillet Loin Portions Tail Bone Belly Trim Bone Trim 38% Completing data Ctr of the Plate K-bobs, Soups Sauces, Soup, Stock Penwheels, Appetizers Soup, Sauces, Stock Winner of Louisiana 2008 Seafood Cook-Off Marine Farms Belize Norwegian Cobia Cuisine Cold Smoked Hot Smoked Confit with Herbs Herb Baked Poached in Spiced Milk Grilled Tartar Marine Farms Belize Harvard Club Recipe Cobia Recipes by Spencer Streetman Chef de Cuisine, Boston Room Nick Zakharoff, Supervising American Culinary Federation Certified Executive Chef, Certified Culinary Judge Executive Chef, Harvard Club of Boston Poached Cobia, Fresh Thyme Broth Serves 4 - 4 3 4 4 cleaned 6 oz portions of Cobia quarts court bouillon (flavorful cooking liquid) sprigs of fresh thyme teaspoons fish sauce Heat court bouillon in a medium pot to a simmer and add the portions of Cobia. Cook for seven to eight minutes or until tender and beginning to flake. Sauce: Remove six ounces of court bouillon and pour into a small sauté pan on medium heat. Let reduce for three minutes, add thyme and fish sauce. Season with salt and pepper and serve. Marine Farms Belize Chef Damian Martineau’s Prosciutto Wrapped Cobia with Herbed Risotto and Spinach with Red Wine Damian’s On the River Marine Farms Belize Damian’s Prosciutto Wrapped Cobia Recipe Cont’d Ingredients: 12 each Prosciutto Slices 24 2oz. Cobia Filet 16 oz. Organic Baby Spinach Leaves 2 cloves Fresh Garlic, minced 1 oz. Butter 4oz. Extra Virgin Olive Oil* *(divided use) ! cup Leeks, washed and sliced 1! cups Arborio Rice 1 cup White Wine 2 cups Stock, fish 1 cup Vegetable broth 1 oz. Unsalted Butter 1/2 cup Parmesan cheese, grated fine 2 T. Fresh Herbs (Tarragon, Parsley Chervil, Dill and/or lemon Thyme) Salt and Pepper- to taste Marine Farms Belize Damian’s Prosciutto Wrapped Cobia Recipe Cont’d Preparation: Yield: 8 portions For the Risotto: In a medium size pan size pan sauté the leeks in 1 oz butter until translucent. Add 1 oz. olive oil and the rice and sauté until all rice is well coated. Deglaze pan with wine and stir until liquid is absorbed. Add vegetable stock and stir until absorbed, then add fish stock in 2 parts stirring constantly until liquid has been absorbed. To finish risotto stir in butter and cheese until creamy, add salt and pepper if needed and then fresh herbs as desired. Hold warm until ready to plate up for service. Chefs notes: Fish stock can be replaced with chicken broth or all vegetable broth. Red wine can be substituted in this recipe. For the Cobia: Cut prosciutto in strips approximately 1 inch wide. Wrap each Cobia piece with prosciutto and season lightly with salt and pepper. In a large pan or griddle, sauté Cobia in hot olive oil until golden brown on all sides. Sauté spinach in olive oil and garlic. Season with salt and pepper to taste. Marine Farms Belize Kellus Sewell Marketing Consultant 970 375 2191 . Durango, Colorado Nordicak@frontier.net Belize Ltd. Owen Stevens 011 501 222 5038 www.Marinefarmsbelize.com Don Whillans Bus 954 888 9445 Cell 954 608 0465 Marine Farms Belize
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