Shrimp

'A stalking horse': Australian court orders Nissui-backed mega shrimp farm Project Sea Dragon be 'wound up'

Project Sea Dragon is judged to have "accrued substantial indebtedness to its parent company... held no substantial assets of its own, had no income, and no commitment from any party to provide funds to meet its debts."

Seafarms ex-CEO Mick McMahon and Company Secretary Harley Whitcombe visit the Project Sea Dragon site at Legune Station in the Northern Territory.
Seafarms ex-CEO Mick McMahon and Company Secretary Harley Whitcombe visit the Project Sea Dragon site at Legune Station in the Northern Territory.Photo: Seafarms
Published 23 February 2024, 06:12Updated 23 February 2024, 17:17
Project Sea DragonSeafarmsNippon Suisan Kaisha (Nissui)Farmed shrimpAustralia