An update from New Zealand Coastal Seafoods Limited ( (AU:NZS) ) is now available.
New Zealand Coastal Seafoods Limited has completed the acquisition of The Bluefin, a 35-meter, 387-ton multi-purpose fishing vessel, which will commence operations in the Coral Sea in May 2025. Equipped with advanced technology and valued at $1,100,000, the vessel will enhance the company’s fishing capabilities, allowing it to operate for 10 months a year and carry over 80 tons of products, thereby strengthening its position in the premium seafood market.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited (ASX: NZS) is a processor, distributor, and exporter of premium seafood products, and a secondary producer of nutraceutical and marine ingredients. Based in Australia, the company operates through Nine Ocean Fishery Pty Ltd, focusing on responsibly sourced seafood from the Torres Strait and the Coral Sea. They maintain export-standard processing facilities in Queensland and emphasize sustainable management practices, ensuring their products are wild-caught, traceable, and minimally impact marine ecosystems.
Current Market Cap: A$3.33M
For a thorough assessment of NZS stock, go to TipRanks’ Stock Analysis page.