Economic feasibility of Pabda and stinging catfish culture in recirculating aquaculture systems (RAS) in Bangladesh

Recirculating aquaculture system (RAS) is a unique approach that offers total control to culture a wide variety of aquatic species. As capital investment is higher for setting up RAS, it is necessary to conduct an economic feasibility analysis based on real data. A structured questionnaire was used to collect all economic and technical data on two catfish species, viz., Pabda (Ompok pabda) and Shing (Heteropneustes fossilis), cultured in an RAS farm. The ultimate objective was to estimate net cash flow, net present value (NPV), profitability index (PI), payback period, discounted payback period, internal rate of return (IRR), and sensitivity analysis to find out the best profitability indicators. The analysis revealed that the IRR were 4% and 16% for Pabda and Shing production, respectively. However, for Pabda and Shing productions, the payback periods were 15 years and 4 months and 6 years and 2 months, respectively. The NPV value was positive for Shing production and negative for Pabda. On the other hand, the PI was lower than one for Pabda production and higher than one for Shing production. Therefore, the results showed that the Shing production in the RAS facility could be economically feasible; however, Pabda production may not be viable in RAS due to lower production and longer culture period. This study may suggest that by increasing the production capacity of the farm and market price of the product through the proper supply chain and by decreasing the initial investment, cost of fingerlings and feed, profitability can be achieved in RAS in Bangladesh.

     

Economic analysis of tiger grouper <Emphasis Type="Italic">Epinephelus fuscoguttatus</Emphasis> and humpback grouper <Emphasis Type="Italic">Cromileptes altivelis</Emphasis> commercial cage culture in Indonesia

This study presents an economic analysis of tiger and humpback grouper at different production scales in Indonesia. The results highlight the non-viability of small-scale tiger grouper farming, with a 5-year projected negative cumulative cash flow of −IDR 18,102,650.00 and a negative net present value (NPV) of −IDR 22,059,576.28. An increased production scale of tiger grouper highlights a marginal viability for medium-scale farms (with a 5-year projected cumulative cash flow of IDR 198,320,673.00, a positive NPV of IDR 105,578,440.42; a benefit cost ratio of 1.25; an internal rate of return (IRR) of 88% and a payback period of 0.99 years), and an economically viable large-scale cage culture (with a 5-year projected cumulative cash of IDR 707,746,923.00; a NPV of IDR 406,801,749.07; a benefit cost ratio of 1.33; an internal rate of return of 157%; and a payback period of 0.57 years). The economic analysis of humpback grouper at different production scales highlighted a positive cumulative cash and NPV, a benefit cost ratio over 2, an internal rate of return over 300% and a payback period <1 year. A sensitivity analysis revealed that increased survival rate up to 80% would increase cumulative cash and NPV of small-scale tiger grouper cage culture. Additionally, improved profitability performance was associated with decreasing major production costs, increasing production and price of the product.     

Tank size and fish management history matters in experimental design

To investigate the questions: (1) does tank size affect fish performance; (2) does tank size prior to an experiment affect later fish performance and (3) how does performance in experimental tanks compare with rearing in industry‐scale cages, Atlantic salmon smolts were acclimatized to 190, 3 or 0.9 m³ tanks (Phase 1; 1.5 months) before redistributed to Phase 2 for 5 months. Question 1: fish in 190 m³ tank were redistributed to 0.9 m³ (190 m³ → 0.9 m³), 3 m³ (190 m³ → 3 m³), or 103 m³ (190 m³ → 103 m³) tanks. Question 2: fish in 0.9 m³ tanks were redistributed to 3 m³ tanks (0.9 m³ → 3 m³), and compared to fish from 190 m³ tank (190 m³ → 3 m³). Question 3: fish were placed directly in 3 m³ tanks, not moved (3 m³ → 3 m³), and compared to reference sea cages. Phase 2 mortality: 190 m³ → 0.9 m³ (46%), 190 m³ → 3 m³ (29%), 190 m³ → 103 m³ (19%), 3 m³ → 3 m³ and 0.9 m³ → 3 m³ (<5%). Most mortality happened shortly after transfer. Our study suggests tank size dependent performance, based on growth and feed intake that increased with tank size. 190 m³ → 103 m³ fish were more active than 190 m³ → 0.9 m³ and 190 m³ → 3 m³ fish. 190 m³ → 103 m³ tanks had lowest relative variance. Previous tank scale history affected survival, since 0.9 m³ → 3 m³ fish showed higher survival than 190 m³ → 3 m³ fish. However, previous scale history did not affect growth rate, feed intake or somatic indexes. Fish performance in 3 m³ → 3 m³ tanks did not differ from the reference sea cages. However, fish in 103 m³ tanks performed better than reference cages, suggesting potential for improved commercial production. This study demonstrates that management practices can influence fish performance and should be taken into account when designing experiments.     

Economic feasibility for producing Imperial Zebra pleco (Hypancistrus zebra) in recirculating aquaculture systems: An alternative for a critically endangered ornamental fish

Abstract

The L46 (Hypancistrus zebra) stands out as one of the most valuable Amazonian species in the international market for ornamental fish and faces a notable problem: the risk of extinction versus the demand for new specimens for aquariums. Considering that breeding in captivity can be a conservational tool for aquatic species and an alternative source for generating income, the objective of the present paper was to verify the economic feasibility of producing H. zebra in recirculation aquaculture systems (RAS), in different scenarios of rearing: residential breeding (S1), mid-size store production (S2) and large-scale production as a supplier (S3). The main profitability indicators used were: net present value (NPV), internal rate of return (IRR) and payback period (PP). The selling price per unit was fixed in US$260.15 (S1/S2) and US$156.09 (S3). The largest investments were made with the acquisition of broodstocks (S1/S2) and property (S3), while the highest costs were with labor (S2/S3) and taxes (S1). Only S1 demonstrated economic profitability (NPV 8.50%?=?US$28,187.85; IRR?=?74.71%; PP?=?1.80?years). Conclusion: the production in this study appeared to be profitable on smaller scales, however the profitability of large-scale production depends upon reducing expenses and increasing the selling price.     

Feed management for Pacific white shrimp Litopenaeus vannamei under semi‐intensive conditions in tanks and ponds

To improve feed management strategies for the semi‐intensive culture of Litopenaeus vannamei, outdoor tank and pond trials were conducted. In the tank trial, shrimp (35 shrimp/m², n = 4) were offered feed for 6 weeks based on a standard feeding protocol (SFP, designed as T100) with five variations (T80:90:100, T90, T90:100, T100:110, T110) of this protocol produced by varying the feed inputs and expressing the treatments as a percentage. Results demonstrated no significant differences in survival rate and feed conversion ratio (FCR) among treatments. The mean final weight and final biomass in the treatments T100:110 and T110 were significantly higher than those in treatment T90 but were not different from the other treatments. In the pond trial, juvenile shrimp (28 shrimp/m², n = 4) were stocked into twelve 0.1‐ha ponds over a 16‐week period. Three feeding protocols were evaluated including a SFP, a 10% reduction in the SFP (SFP:90), and a variable feed input (SFP:80:90:100), which included 80% SFP at week 4th–8th, 90% SFP from week 9th–12th and 100% SFP for week 12th–16th. There were no significant differences in growth performance and economic return among treatments. Based on previous studies, in which higher feed inputs were evaluated, and results of this study, it does not appear to be economically beneficial to use high feed inputs. Instead, feed input could be either applied at a standard ration to optimize growth and economic return or at restricted rations to reduce FCR (feed cost) albeit at the expense of some growth.     

Mathematical model for goldfish recirculating aquaculture system (GRAS)

A mathematical model is framed for a goldfish recirculating aquaculture system based on unsteady-state mass balance for prediction of the concentration of total ammonia nitrogen (TAN), nitrite-nitrogen (NO₂-N), nitrate-nitrogen (NO₃-N), dissolved oxygen (DO) and total suspended solids (TSS). The goldfish were stocked at 100 numbers per m³ of rearing water volume of 5 m³ tank capacity in the years 2009 and 2010 and the model was calibrated and validated. The recirculation flow rate was fixed at 29,000 L/day. The model parameters were estimated as k_TAN (mg of TAN generated per kg of feed): 20,000, M (mortality rate): 0.002 day⁻¹, α (percentage of feed conversion to suspended solids): 23.8, k_oxy (mg of oxygen required for fish respiration per kg of feed applied in unit time): 300,000, k_b (partial nitrification in the culture tank): 0.86 and the reaction rate constants, k₁ and k₂: 84.65 day⁻¹ and 42.03 day⁻¹ respectively and temperature growth coefficient (TGC): 5.00 × 10^-5. The model efficacy was adjudged by estimation of the coefficient of determination (R²), root mean square error (RMSE), Nash-Sutcliffe modelling efficiency (E_NS) and graphical plots between predicted and observed values.     

A comparison of larval production of the northern scallop,Argopecten purpuratus,in closed and recirculating culture systems

Northern scallop Argopecten purpuratus aquaculture relies on an efficient all year-round larval supply. Larvae are generally produced in closed aquaculture systems (CAS) using the batch techniques with periodical water changes. For instance, survival rates are greatly variable and can range from 0 to 80% making production of scallop larvae uncertain. The main goal of this study was to determine the feasibility of rearing scallop larvae in a recirculating aquacultural system (RAS), and secondarily to compare scallop larval growth rate and time length to reach the settling stage when reared with a traditional Chilean CAS technique and in a novel RAS technique in an industrial-like approach.Several batches of larvae were cultured in CAS and RAS. Larvae were fed on Isochrysis galbana cultured in 35-L tubular photobioreactors. Growth rates were significantly different (F_11,2840 = 274.66; p < 0.001). All scallop larvae cultured in CAS showed lower growth rates ranging within 4.49 and 7.30 μm day^?1 and protracted period of culture until settlement (at least 10 more culture days) than those reared in RAS (growth rates between 9.56 and 13.15 μm day^?1). However, final survival (from D-larvae until settlement) of larvae reared in CAS showed higher values than those values recorded for larvae cultured on RAS. Higher growth rates observed in RAS could be attributed to a reduction in daily manipulation of the animals and/or more feed availability as well as higher temperatures and a steady state conditions in water quality. Even though, the reduction in time for rearing larvae until settlement in RAS was high, the comparison between systems is more significant in view of the reduction in make up seawater from 100% of system volume (CAS) to less than 10% of system volume (RAS). Therefore, RAS was independent from daily water quality variation from natural seawater by increasing water retention time, and with that improve water quality steady state conditions. Results of this research show that a more efficient use of water and heating systems than generally used in the Chilean hatchery industry is achievable. This is an important result since it could lead to significant reductions in the cost of operating a scallop hatchery, however further work is required to accurately compare the two systems (CAS and RAS). The main result from this research is that scallop larvae can be cultivated using recirculating aquaculture systems (RAS) as a method to increase production. The information reported in this paper will be useful for the improvement of scallop larvae culture techniques under controlled conditions.     

Water quality,waste production,and off-flavor characterization in a depuration system stocked with market-size Atlantic salmon Salmo salar

Land-based Atlantic salmon, Salmo salar, grow-out facilities utilize depuration to remediate off-flavor. Water used in this process is either discharged or repurposed as supply water in recirculating aquaculture systems (RAS). Both approaches require an understanding of water quality and waste production for water treatment decisions and compliance with pollution discharge standards; however, these data were lacking. Therefore, a study was carried out to characterize these parameters. To begin, 311 salmon (5–6 kg) originally cultured in freshwater RAS were stocked at 100 kg/m³ in an 18 m³ depuration tank. Feed was withheld 1 day before transfer and throughout the 7-day study period. Hours after stocking, total suspended solids (TSS), total phosphorus (TP), and total ammonia nitrogen (TAN) levels spiked, and concentrations declined thereafter. Delta TSS and TP were negligible by the end of the trial; however, TAN plateaued, indicating that salmon began to catabolize somatic tissue in the absence of feeding. Geosmin and 2-methylisoboreol levels in water and fish were low throughout the study. This research indicates that residual waste production occurs while depurating Atlantic salmon. Procedural refinements and recommendations were gleaned including locality for introducing depuration system water within RAS and extension of the feed withholding period before depuration.     

Effects of swimming speed and dissolved oxygen on geosmin depuration from market-size Atlantic salmon Salmo salar

Common off-flavor compounds, including geosmin (GSM) and 2-methylisoborneol (MIB), bioaccumulate in Atlantic salmon Salmo salar cultured in recirculating aquaculture systems (RAS) resulting in earthy and musty taints that are unacceptable to consumers. To remediate off-flavor from market-ready salmon, RAS facilities generally relocate fish to separate finishing systems where feed is withheld and makeup water with very low to nondetectable GSM and MIB levels is rapidly exchanged, a process known as depuration. Several procedural aspects that affect salmon metabolism and the associated rate of off-flavor elimination, however, have not been fully evaluated. To this end, a study was carried out to assess the effects of swimming speed and dissolved oxygen (DO) concentration on GSM levels in water and fish flesh during a 10-day depuration period. Atlantic salmon (5–8 kg) originally cultured in a semi-commercial-scale RAS (150 m³ tank) were exposed to a concentrated GSM bath before being transferred to 12 replicated partial reuse depuration systems (5.4 m³ total volume). Two swimming speeds (0.3 and 0.6 body lengths/sec) and two DO levels (90% and 100% O₂ saturation) were applied using a 2 × 2 factorial design (N = 3), and each system was operated with a 5-h hydraulic retention time, creating a water flushing to biomass ratio of 151 L/kg fish biomass/day. Geosmin was assessed at Days 0, 3, 6, and 10 in system water and salmon flesh. A borderline effect (P = 0.064; 0.068) of swimming speed was measured for water and fish, respectively, at Day 3, where slightly lower GSM was associated with low swimming speed (0.3 body lengths/sec); however, differences were not detected at Days 6 or 10 when salmon are commonly removed for slaughter. Overall, this research indicates that significant improvements in GSM depuration from RAS-produced Atlantic salmon are not expected when purging with swimming speeds and DO concentrations similar to those tested during this trial.     

New production strategy for silver perch (Bidyanus bidyanus); over‐wintering fingerlings in a tank‐based recirculating aquaculture system

Slow growth and losses to bird predation and infectious diseases in winter can compromise the profitability of silver perch farming. To evaluate over‐wintering silver perch (Bidyanus bidyanus) in a recirculating aquaculture system (RAS), fingerlings (38 g) were stocked in either cages in a pond at ambient temperatures (10–21 °C) or tanks in the RAS at elevated temperatures (19–25 °C) and cultured for 125 days. Mean survival (96%), final weight (146 g), specific growth rate (1.07% day^?1) and production rate (28.1 kg m^?3) of fish in the RAS were significantly higher than for fish over‐wintered in cages (77%, 73 g, 0.53% day^?1, 11.1 kg m^?3). Fish from both treatments were then reared in cages for a further 129 days. Final mean weight of fish originally over‐wintered in the RAS was 426 g, while fish over‐wintered in cages were only 273 g. To determine optimal stocking densities, fingerlings (11.8 g) were stocked at 500, 1000 or 1500 fish m^?3 in tanks in the RAS and cultured for 124 days. Survival was not affected, but growth was significantly slower and feed conversion ratio higher at 1500 fish m^?3 compared with 500 or 1000 fish m^?3. Results demonstrate that over‐wintering silver perch in an RAS can produce large fingerlings for grow‐out in early spring. This strategy could eliminate bird predation, reduce losses to diseases and shorten the overall culture period.     

Evaluation of brook trout production in a coldwater recycle aquaculture system

Brook trout (Salvelinus fontinalis) are a commercially important coldwater species reared in Wisconsin and the Midwestern United States. Brook trout are raised by private, tribal, state, and federal fish hatchery facilities in Wisconsin. Approximately 10% of private coldwater aquaculture operations are presently raising brook trout of various strains for stocking uses and a limited amount for food markets. Growing brook trout to a larger size, if they can be reared in a shorter time span, may present a potential new sector for the aquaculture market in the Midwestern US. The present study reports hatchery production attributes, i.e., growth, survival, fin condition, feed efficiency, water chemistry requirements and general husbandry of Lake Superior strain (Nipigon) brook trout reared in a recirculating aquaculture system (RAS), operated at an average temperature of 13 °C. The recycle system at NADF reared 1379 kg of brook trout over a 10-month period from fingerling (9 g) to market size (340–454 g). The trout grew faster (0.84 g/day and 0.64 mm/day) in the RAS than fish cultured in traditional flow-through tank culture utilizing ground water at 7.6 °C (0.14 g/day and 0.35 mm/day). Final average weight of RAS fish was 260 g, while the flow-through fish averaged 65 g. Final tank densities for the RAS averaged 40.4 kg/m³ while flow-through tanks averaged 31.2 kg/m³. Throughout the project, feed conversions in the RAS ranged from 0.9 to 1.3. Water quality variables such as TAN, nitrite, DO, temperature, TSS, CO₂, ph, etc. were within safe limits for brook trout and will be discussed. It does appear from this initial research project that market size brook trout can be raised successfully in a recycle system within a similar time frame as a rainbow trout produced in a Wisconsin typical flow-through facility.     

Larval rearing of hilsa shad,Tenualosa ilisha (Hamilton 1822)

Hilsa, Tenualosa ilisha has received much attention for culture due to decline of the natural population. Lack of knowledge on larval rearing is the bottleneck for its culture. This study was aimed at developing larval rearing protocols for hilsa shad. Hilsa larvae (4 days old, 4.76 ± 0.06 mm/0.49 ± 0.01 mg) were stocked in fibreglass‐reinforced plastic tanks (1.7 m³ water volume) at 300, 600 and 1,200 nos/m³ in triplicates in three experimental systems viz., E‐I (circular, 0.567 m water depth), E‐II (circular, 0.962 m water depth) and E‐III (rectangular, 0.567 m water depth) and reared for 46 days. The larvae were supplied with Chlorella vulgaris, Brachionus calyciflorus, mixed phytoplankton and mixed zooplankton during 4–50, 6–25, 8–50 and 26–50 days of their age respectively. In each system, higher (p < 0.05) fry survival at 300 nos/m³ than in higher densities indicates density dependent stress. Circular tanks showed higher survival (13.3%–61.31%) than in rectangular tanks (6.88%–27.26%) in each stocking density, indicating the importance of tank shape for rearing. Water depth affected fry survival in circular tanks (E‐I and E‐II) at 300 nos/m³; at 0.962 m depth, survival was higher (61.31%, p < 0.05) than that of 0.567 m depth (49.93%). Good fry survival was achieved through feeding the larvae initially with Chlorella followed by co‐feeding with Brachionus, mixed phytoplankton and zooplankton and rearing in circular tanks at 300 nos/m³ densities at 1 m depth. This first‐ever larval rearing protocol is useful for mass production of fry to support hilsa aquaculture in future.     

The effect of density on sea bass (Dicentrarchus labrax) performance in a tank-based recirculating system

Sea bass (Dicentrarchus labrax) (135 ± 4 g) were reared under tank-based recirculating aquaculture system for a 63-day period at four densities: 10, 40, 70, 100 kg m^?3. Fish performance, stress indicators (plasma cortisol, proteonemia plus other blood parameters—Na⁺, K⁺, glucose, pH, total CO₂^?) and water quality were monitored. At the end of the 63-day period, resistance to infection was also studied by a nodavirus challenge. A 25-day test was performed on fish from two extreme densities (10 and 100 kg m³) and one intermediate density (40 kg m³).With regards to the different density treatments, there was no significant difference between the daily feed intake (DFI) and the specific growth rate (SGR) up to a density of 70 kg m^?3. No significant difference was found between treatments concerning the feed conversion ratio (FCR) and the mortality rate. No density effect was observed on the fish stress level (plasma cortisol) or on sensitivity to the nodavirus challenge. Under these experimental rearing conditions, the density above 70 kg m^?3 has an impact on growth performance (DFI and SGR) indicators and also some blood parameters (CO₂) at the highest density tested (100 kg m^?3).This study suggests that a density up to 70 kg m^?3 has no influence on sea bass performance and welfare. At 100 kg m^?3, average specific growth rate was decreased by 14% without welfare deterioration according to the welfare indicators monitored.     

Evaluation of a Low‐head Recirculating Aquaculture System Used for Rearing Florida Pompano to Market Size

A low‐head recirculating aquaculture system (RAS) for the production of Florida pompano, Trachinotus carolinus, from juvenile to market size was evaluated. The 32.4‐m³ RAS consisted of three dual‐drain, 3‐m diameter culture tanks of 7.8‐m³ volume each, two 0.71‐m³ moving bed bioreactors filled with media (67% fill with K1 Kaldness media) for biofiltration, two degassing towers for CO₂ removal and aeration, a drum filter with a 40‐µm screen for solids removal, and a 1‐hp low‐head propeller pump for water circulation. Supplemental oxygenation was provided in each tank by ultrafine ceramic diffusers and system salinity was maintained at 7.0 g/L. Juvenile pompano (0.043 kg mean weight) were stocked into each of the three tanks at an initial density of 1.7 kg/m³ (300 fish/tank). After 306 d of culture, the mean weight of the fish harvested from each tank ranged from 0.589 to 0.655 kg with survival ranging from 57.7 to 81.7%. During the culture period, the average water use per kilogram of fish was 3.26 or 1.82 m³ per fish harvested. Energy consumption per kilogram of fish was 47.2 or 22.4 kwh per fish harvested. The mean volumetric total ammonia nitrogen (TAN) removal rate of the bioreactors was 127.6 ± 58.3 g TAN removed/m³ media‐d with an average of 33.0% removal per pass. Results of this evaluation suggest that system modifications are warranted to enhance production to commercial levels (>60 kg/m³).     

Improvement of the survival in the seven-band grouper Epinephelus septemfasciatus larvae by optimizing aeration and water inlet in the mass-scale rearing tank

The water flow in larval rearing tanks has been indicated to cause mass mortality of the seven-band grouper Epinephelus septemfasciatus larvae. Therefore, a new aerating method was tested in an actual scale intensive rearing tank (8.0 m in diameter, 1.87 m of water depth, 100 m³ of volume), in which an aerator was positioned at the center of the rearing tank surrounding cylindrical drain (1.2 m in diameter) to generate the flow field, and seven larval rearing trials were performed. The survival rate with the former aeration methods were compared, in which several aerators were located in the rearing tank. The survival rate at 10 days after hatching with the new aeration method (61.5±5.1%, n=7) was approximately three times higher than the former methods (21.2±13.7%, n=6). The flow environment of rearing tanks was also examined by quantifying the flow field, and the relationship between the flow field in the rearing tank, behavior of larvae and survival discussed. It was confirmed that the vertical circulating flow was observed in rearing tanks, and determined effectively the survival and the behavior of grouper larvae in patchiness.     

Management strategies to reduce operating costs in a commercial shrimp hatchery in NW Mexico

Strategies to reduce operating costs at an expanding shrimp hatchery in NW Mexico are presented for a period covering 3 years (2004–2006). The hatchery increased its greenhouse-type larval rearing halls from three (50 tanks, total water volume 996 m³) in 2004, to five (70 tanks, water volume 1,396 m³) in 2005, and to seven (94 tanks, total water volume 1,876 m³) in 2006. Production increased from 400 million postlarvae in 2004 to 579 million in 2005 to 760 million in 2006, but operating costs increased only 6% during this period and the unit cost for postlarvae was 44% lower. Administration expenses were the highest variable cost, but restructuring the company reduced them from 35% in 2004, to 29 in 2005 and to 21% in 2006. Feed was the second largest variable cost, reduced from 44 to 36 to 31 through improved feeding practices, changes in feed composition, and bulk purchases of commercial feeds. Costs for propane and the workforce increased, in part from higher consumption and additional staff and higher salaries to retain the trained workforce. Competition will continue to lower the market price for shrimp postlarvae, forcing hatcheries into a permanent improvement process. Increasing costs for energy will require investments in energy-saving technologies. Improved sanitation and strict bio-security procedures will increase the survival rate, thereby reducing unit costs still further.     

Technical and economic feasibility of integrating seahorse culture in shrimp/oyster farms

Integrated multi‐trophic aquaculture systems (IMTA) are building ecosystems designed to produce aquatic organisms with less environmental impact. We have developed a simple system and a management strategy for introducing seahorse (Hippocampus spp.) culture in shrimp/oyster farms to increase economic sustainability. The system includes broodstock, nursery and grow‐out phases of Hippocampus reidi G. culture. We performed a test in a 42.4‐ha marine shrimp/oyster farm, which showed that this system is technically feasible. Then, we performed a partial budget analysis including cost‐return, cash flow and financial feasibility analysis. More than 12 000 marketable size seahorses may be produced in 402 m² annually. Initial investment was only US$ 21 103.00. The benefit–cost ratio was ~US$ 20.00 for each US$ 1.00 spent, internal rate of return was 131% and payback period <2 years. In conclusion, the introduction of seahorse in shrimp/oyster IMTA system is technically feasible, profitable, resilient and shows high liquidity. This system may be easily established in developing countries and has potential to provide seahorses to supply different markets (live specimens for the marine aquarium trade and dried specimens for traditional Chinese medicine and the curio trade). In addition, it can indirectly contribute to preserve natural populations.     

Stocking Density Effects on Production Characteristics and Body Composition of Market Size Cobia,Rachycentron canadum,Reared in Recirculating Aquaculture Systems

Culture density in excess of a critical threshold can result in a negative relationship between stocking density and fish production. This study was conducted to evaluate production characteristics of juvenile cobia, Rachycentron canadum, reared to market size in production‐scale recirculating aquaculture systems (RAS) at three different densities. Cobia (322 ± 69 g initial weight) were reared for 119 d at densities to attain a final in‐tank biomass of 10, 20, or 30 kg/m³. The specific objective was to determine the effects of in‐tank crowding resulting from higher biomass per unit rearing volume independent of system loading rates. Survival was ≥96% among all treatments. Mean final weight ranged from 2.13 to 2.15 kg with feed conversion efficiencies of 65–66%. No significant differences were detected in growth rate, survival, feed efficiency, or body composition. This study demonstrates that cobia can be reared to >2 kg final weight at densities ≤30 kg/m³ under suitable environmental conditions without detrimental effects on production.     

Short Communication: Stocking Density-Dependant Growth and Survival of Asian Sun Catfish,Horabagrus brachysoma (Gunther 1864) Fry During Hatchery Rearing

The present study was conducted to determine the optimum stocking density of Horabagrus brachysoma fry during fingerling production in the hatchery. For this purpose, four density levels (400, 800, 1200 and 1600 fry/0.6 m³) were considered. The experiment of fry rearing continued for a period of six weeks. The total length and wet weight of fry were significantly highest (P < 0.05) at 400 fry/0.6 m³ density compared to the other three density treatments during the entire rearing period. At harvesting, the length and weight of fry stocked at 1200 and 1600 numbers/0.6 m³ were similar to each other, and both were significantly lower (P < 0.05) than those of fish stocked at 800/0.6 m³. The decreased SGR, percent weight gain, and survival were also observed at the two highest density treatments. But the total biomass was observed to be highest (P < 0.05) at 1600/0.6 m³ density compared to those of the other three densities. If individual size and number of individuals for stocking are not constraints, the maximum number of surviving fry from a minimum rearing space was achieved at a stocking density of 1600 fry/0.6 m³ tank.     

Economies of scale for juvenile production of common snook (Centropomus undecimalis Bloch)

Abstract

Construction and operating costs for three common snook (Centropomus undecimalis) hatcheries in Florida, USA, are illustrated. Hypothetical capacities and targets of the three hatcheries (Scenarios I, II and III respectively) were 615, 000 juveniles (8 ‐ 10 g in weight) for stock enhancement, and 1, 275, 000 and 3, 000, 000 juveniles (1‐g in weight) for commercial grow‐out. Estimated production costs were lower than for many marine finfish species. The 20‐year mean costs per 1, 000 juveniles were estimated to be $324, $215, and $159, for hatcheries I, II, and III respectively, and the initial capital investments were $731, 660, $1, 162, 460, and $1, 896, 030¹, respectively. Major cost items of annual production were labor (22 ‐ 33%), supplies (14 ‐ 20%), fixed costs (15 ‐ 17%), and interest (13 ‐ 15%). The most profitable hatchery was the 3 million 1‐g juvenile hatchery due to the hatchery size effect, with a net present value (NPV) of $1, 760, 000, an internal rate of return (ERR) of 81%, a payback period of 3.6 years, and a profitability index of $2.86 for every dollar invested. Possible cost reductions to increase financial profitability were discussed.