Seafarms Group, the Nissui-backed company developing Project Sea Dragon, a huge black tiger shrimp farm in northern Australia, has had a rocky year, with several key executive shifts, a disease crisis at its current operations and burgeoning financial losses.

The group reported a significantly increased loss for the year to June 30, 2022, in its delayed annual report, rising to AUD 85.4 million (€55.1 million/$57.3 million) from last year's AUD 25.8 million (€15.4/$16 million), primarily a result of costs associated with Project Sea Dragon construction and development activities.