Gulf Marine Institute of Technology
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Why? because the United States is the largest importer of seafood in the world. The US imbalance in trade in seafood currently exceeds $11.2 billion per year. This is because our country, with 95,471 miles of national marine coastal resources, only produces 5% of the farmed seafood that we consume (NOAA).
The US is rated 15th in the world of seafood producers with 91% of its seafood consumption originating from either China, which produces 62% of world seafood, or from India, Vietnam, Indonesia, Bangladesh, Norway, Thailand, Egypt,Chile, Myanmar, Philippines, Brazil, Japan and South Korea producing the remaining 29%. These other foreign nations have sponsored the growth of a huge aquaculture dynasty, which now grows 50% of all seafood consumed worldwide. Aquaculture is a $140 billion-plus international business today and is projected to grow to $200 billion by 2020 (NOAA) --- while the USA stands relatively motionless by growing only 5% of its own seafood requirements.
By 2022, annual per capita consumption of fish in the United States and world-wide is projected to rise to 45 pounds up from 41.5 pounds in 2010 and 22 pounds in the meat-and-potatoes heavy era of 1960's. Why not produce our future US seafood requirements within the U.S. marine waters in the Gulf of Mexico?
Sea farming advances in production technologies related to genetic improvements, feeds, aeration, sea cage systems, and new strategies to control disease have lead GMIT to an opportunity to farm fast growing Gulf marine seafood like Cobia (a.k.a Lemonfish, Ling), Mahi-Mahi (Dorado-Dolphin fish), Red Porgy (like Redfish) and shrimp in large, offshore sea cages.