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Monday, May 13, 2024

Israeli firm uses S’pore as base for its aquaculture tech to help meet Asia’s seafood gap

SINGAPORE – Israeli firm Tiran Group is using Singapore as a base to drive the use of technology and innovation to help meet Asia’s demand for food security and clean water.

The company, which began as a shipping and logistics firm in 1997, ventured into aquaculture about a decade ago under a unit called New Horizon.

Today, apart from moving up to 70,000 ship containers annually from Turkey to Israel and back, Tiran is also involved in the aquaculture of red tilapia fish in Israel and freshwater prawns in Asia, namely China and Vietnam.

Mr Haim Avioz, the founder of Tiran Group, told The Straits Times during a visit to Singapore in mid-September that the global demand for seafood continues to rise, led by consumers in Asia, home to 60 per cent of the world’s population. 

There is now a global crisis in fisheries caused by over-fishing and climate change. Aquatech, or farming…

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