Eight years into investment, Nissui-backed Australian mega shrimp farm deemed ‘not viable'

'It's fair to say we were shocked at what we found when we came into the business,' said new CEO Mick McMahon, who commissioned the review.

New Seafarms CEO Mick McMahon and company Secretary Harley Whitcombe visit the Project Sea Dragon site at Legune Station in the Northern Territory.
New Seafarms CEO Mick McMahon and company Secretary Harley Whitcombe visit the Project Sea Dragon site at Legune Station in the Northern Territory.Photo: Seafarms
Published 1 April 2022, 10:36Updated 1 April 2022, 14:08