Blue Island
Blue Island is a Cypriot, vertically integrated aquaculture group that farms sea bass, sea bream, dentex, and Japanese seabream and sells them through its own retail fish markets in Cyprus plus exports across Europe, the USA, Canada, and the Middle East.
- Company typePublic
- Founded1993
- HeadquartersNicosia, Cyprus
- Headcount51–100
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Blue Island does
Downstream, Blue Island sells through a mix of channels: eight own-brand retail fish markets across Cyprus serving end consumers, domestic HORECA and wholesale distribution, and export sales into Europe, the USA, Canada, and the Middle East. The group holds GLOBALG.A.P. and ISO food-safety certifications required for cross-border seafood trade, has been recognized as a Great Place to Work for four consecutive years, and remains under the founding Kremmos family (Stavros Kremmos as Chairman, Ioannis Kremmos as CEO), with the Zaloumis family as a continuing shareholder following the 1999 acquisition of Zaloumis Fish Market Ltd. The business model combines captive B2C retail, B2B fry and fish sales, and international export distribution, with revenue mechanics driven by tonnage of fish sold plus retail margin uplift.
Blue Island firmographics
Firmographics- Name
- Blue Island
- Legal name
- Blue Island Plc
- Website
- https://blue-island.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Blue Island is a Cypriot, vertically integrated aquaculture group that farms sea bass, sea bream, dentex, and Japanese seabream and sells them through its own retail fish markets in Cyprus plus exports across Europe, the USA, Canada, and the Middle East.
- Ownership category
- akta.pro rank
Blue Island industry classification
Industry- Product category
- Mediterranean Aquaculture & Seafood Production
- NAICS
- Finfish Farming and Fish Hatcheries (112511), Seafood Product Preparation and Packaging (311710), Fish and Seafood Retailers (44525)
- SIC
- Prepared Fresh Or Frozen Fish & Seafoods (2092), Agricultural Prod-Livestock & Animal Specialties (200), Wholesale-Groceries & Related Products (5140)
- akta.pro primary industry
- Offshore & Open-Ocean Aquaculture (AFAEAAAH)
- akta.pro secondary industries
- Aquaculture Processing & On-Farm Value-Add (primary handling, icing, packing) (AFAEAAAN), Seafood Markets & Fishmongers (CRAHAHAC)
Keywords
Where Blue Island is headquartered
LocationHeadquarters
- HQ city
- Nicosia
- HQ country
- Cyprus
- HQ region
- Europe
Offices8 records
Markets served
Blue Island business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Retail Sales: Sales through Blue Island's network of 8 owned fish markets and exclusive sales points in major supermarket chains across Cyprus.
- Wholesale Sales: Supply of fresh fish products to other fish markets and seafood shops throughout Cyprus, as well as to hotels and restaurants across the island.
- Export Sales: Exports of sea bass, gilthead bream, and dentex from the company's own fish farm to Europe, the United States, and the Middle East. Also includes exports of wild Mediterranean fish (tuna, swordfish) and juvenile fish (fry) to fish farms in Cyprus, Greece, and neighboring countries.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Fresh Whole Fish (Sea Bass, Sea Bream, Japanese Seabream) |
| Unit Pricing | Pay-as-you-go | Frozen Fish (Sea Bass, Sea Bream, Japanese Seabream) |
| Unit Pricing | Pay-as-you-go | Juvenile Fish / Fry (Sea Bream, Sea Bass) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Blue Island product offering
Product offeringCore offering
Blue Island is a vertically integrated aquaculture group that farms Mediterranean species (sea bass, gilthead sea bream, Japanese seabream, dentex) in open-sea cages at Cape Dolos, breeds juvenile fish (fry) through its subsidiary Blue Fisheries Ltd hatchery in Akrotiri, and processes, packages, and distributes fresh and frozen seafood. Products are sold via 8 company-owned fish markets and supermarket chain points in Cyprus, through wholesale and HORECA channels, and exported to Europe, the USA, and the Middle East.
Product overview
Blue Island is a fully integrated aquaculture group operating vertically from fish hatchery to retail. The company's product portfolio centers on Mediterranean aquaculture species (sea bass, gilthead bream, Japanese seabream, dentex) produced through its Blue Fisheries Ltd subsidiary hatchery and open-sea fish farm. Products are sold through multiple channels: fresh and frozen export products shipped to Europe, USA, and Middle East; juvenile fish fry supplied to fish farms; and retail sales through 8 Blue Island Fish Markets across Cyprus plus Blue Deli delicatessen corners. The processing and packaging unit handles approximately 3,000 tons annually. The company also sources wild-caught seafood and international products for the domestic market, creating a comprehensive seafood offering.
Differentiator
Problem solved
Functional benefit
Brands
- Blue Deli: A delicatessen specializing in selecting and offering high-quality delicacies including sea urchin eggs, caviar, smoked eel, fine olive oils, and aromatic spices. Available at selected Blue Island fish markets in Nicosia and Limassol.
Products and services
- Fresh Sea Bass (Dicentrarchus Labrax) Fresh whole, gutted, or gutted and descaled sea bass farmed at the Cape Dolos open-sea facility, available in weight ranges from 200g to 1000+ g and packaged in 10 or 17 kg polystyrene boxes with ice or frozen gel packs. Sold to HORECA, wholesale, and export customers.
- Frozen Sea Bass (Dicentrarchus Labrax) Individually Quick Frozen (IQF) sea bass deep-frozen at -40°C within 8 hours of harvesting, with 12–14% glazing, 18-month shelf life, no additives or preservatives. Available whole, gutted, or gutted and descaled in 10 kg carton boxes. Sold primarily to export and wholesale customers.
- Fresh Gilthead Sea Bream (Sparus Aurata) Fresh gilthead sea bream farmed at the Cape Dolos open-sea facility, available whole, gutted, or gutted and descaled, packaged in 10 or 17 kg polystyrene boxes. Sold to HORECA, wholesale, and export customers.
- Frozen Gilthead Sea Bream (Sparus Aurata) IQF frozen sea bream processed at -40°C within 8 hours of harvesting. Available whole, gutted, or gutted and descaled in 10 kg carton boxes. Sold primarily to export and wholesale customers.
- Fresh Japanese Seabream (Pagrus Major) Fresh Japanese seabream farmed at the Cape Dolos open-sea facility, available whole, gutted, or gutted and descaled for export customers.
- Frozen Japanese Seabream (Pagrus Major) IQF frozen Japanese seabream from the open-sea fish farm, available whole, gutted, or gutted and descaled in 10 kg carton boxes.
- Sea Bream Fry (Sparus Aurata) Juvenile sea bream weighing 2–3 grams supplied almost year-round from the Blue Fisheries Ltd hatchery for on-growing at other fish farms to marketable weight above 300 grams.
- Sea Bass Fry (Dicentrarchus Labrax) Juvenile sea bass weighing 2–3 grams supplied from March to August from the Blue Fisheries Ltd hatchery for on-growing at other fish farms to marketable weight above 300 grams.
- Dentex (Pagrus Magor) Mediterranean dentex farmed at the Cape Dolos open-sea facility and exported fresh and frozen to Europe, the United States, and the Middle East.
- Domestic Market Seafood Range Comprehensive range of seafood sold in Cyprus including farmed species (sea bass, gilthead sea bream, Japanese seabream), wild Mediterranean fish (tuna, swordfish, red mullet), mollusks, crustaceans, and shellfish sourced from the group's own farm and from trusted international suppliers for domestic retail and HORECA customers.
- Blue Island Fish Markets (Retail Chain) Chain of 8 retail fish markets across Nicosia (4 locations: Athalassis, Latsia, Tseriou, Strovolos), Limassol (2 locations: Anna Court, Potamos Yermasogias), Paralimni, and Paphos, plus exclusive sales points in major supermarket chains. Stores offer fresh and frozen seafood with hygienic preservation, proper product display, and immediate customer service.
- Blue Deli (Delicatessen Corners) Delicatessen concept within selected Blue Island fish markets in Nicosia and Limassol offering premium delicacies including sea urchin eggs, caviar, smoked eel, fine olive oils, and artisanal dips.
Quantifiable outcome
- 2,200 tons of fish produced annually at the open-sea fish farm
- +5 more outcomes
Companies that use Blue Island
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Blue Island technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Blue Island partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting and minor.
- KPMG LtdsupportingExternal auditor and financial advisory services provider for Blue Island Plc. Located at Esperidon 14, 1087 Nicosia, Cyprus.
- Andreas P. Erotokritou & Co LLCsupportingLegal counsel providing legal services to Blue Island. Located at Theofanous Theodotou 18, Zina Building, 1st Floor, 1065 Nicosia, Cyprus.
- Association of Chefs of CyprusminorBlue Island collaborates with the Association of Chefs of Cyprus to promote new and healthy eating habits emphasizing fish and seafood consumption. This partnership supports the company's effort to establish fish-eating culture in Cyprus.
Scale indicators7 records
Recent moves7 records
Expansion highlights3 records
Blue Island competitors and assessment
Company assessmentBroad incumbents
- Thai Union Group: Global seafood conglomerate (Chicken of the Sea, John West, King Oscar) with own aquaculture operations. While primarily tropical species, it overlaps with Blue Island in packaged seafood processing and global distribution.
- Mowi ASA: Largest global aquaculture company (Atlantic salmon). Provides a benchmark for publicly listed aquaculture operations but competes in a different species and geography than Blue Island.
- Lerøy Seafood Group: Norwegian vertically integrated seafood group covering salmon farming, processing, and distribution. Comparable in vertical integration from hatchery to retail, though in salmon rather than Mediterranean species.
- Cermaq: Global salmon aquaculture major owned by Mitsubishi. Relevant comparable for publicly listed aquaculture scale and operational discipline, though species and geography differ.
- Bakkafrost: Faroese salmon aquaculture company with vertically integrated operations from hatchery to sales. Comparable in vertical integration philosophy, though species is salmon rather than Mediterranean finfish.
- Pescanova: Spanish seafood group with significant aquaculture operations including sea bass, sea bream, and other species. Larger and more diversified than Blue Island, but comparable in Mediterranean species focus and downstream seafood distribution.
Direct peers
- Avramar: Largest Mediterranean sea bass and sea bream producer (formed from merger of Nireus, Selonda, and Perseus Greek aquaculture assets). Directly comparable product mix, geography, and species — Blue Island is a much smaller competitor in the same market.
- Andromeda Group (formerly Selonda): Greek vertically integrated aquaculture group farming sea bass and sea bream with hatchery, grow-out, and processing. Closest direct peer in species, geography, and integrated business model.
Emerging players
- HQ Sustainable Maritime Industries: Cross-boundary aquaculture and seafood operator. Listed peer in the aquaculture space with comparable production-and-distribution model, though primarily tilapia-based.
- Regal Springs: Vertically integrated tilapia aquaculture company with own feed mills, hatcheries, and processing. Comparable integrated aquaculture model but different species and geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Blue Island social profiles
Digital presenceBlue Island compliance and trust
Trust signalCompliance10 records
Blue Island financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Island leadership team
Management profileNumber of profiles
Profiles8 records
Blue Island subsidiaries and ownership
Company hierarchySubsidiaries1 record
Blue Island funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Island M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Island
What does Blue Island do?
Blue Island is a vertically integrated aquaculture group that farms Mediterranean species (sea bass, gilthead sea bream, Japanese seabream, dentex) in open-sea cages at Cape Dolos, breeds juvenile fish (fry) through its subsidiary Blue Fisheries Ltd hatchery in Akrotiri, and processes, packages, and distributes fresh and frozen seafood. Products are sold via 8 company-owned fish markets and supermarket chain points in Cyprus, through wholesale and HORECA channels, and exported to Europe, the USA, and the Middle East.
Is Blue Island a public or private company?
Blue Island is a public company. It is classified as public and is currently operating.
When was Blue Island founded?
Blue Island was founded in 1993. It employs 51 to 100 people.
Where is Blue Island based?
Blue Island is headquartered in Nicosia, Cyprus, in the Europe region.
How does Blue Island make money?
Three revenue lines are on record. Retail Sales are the primary driver. The others are wholesale Sales and export Sales.
Who are Blue Island's main competitors?
Broad incumbents on record are Thai Union Group, Mowi ASA, Lerøy Seafood Group, Cermaq, Bakkafrost and Pescanova. Direct peers are Avramar and Andromeda Group (formerly Selonda). Emerging players are HQ Sustainable Maritime Industries and Regal Springs.
Does Blue Island have an API?
No public API is recorded for Blue Island.
What industry is Blue Island in?
Blue Island's product category is Mediterranean Aquaculture & Seafood Production. Its primary akta.pro industry code is AFAEAAAH, Offshore & Open-Ocean Aquaculture, with a secondary code of AFAEAAAN, Aquaculture Processing & On-Farm Value-Add (primary handling, icing, packing). Its NAICS code is 112511 and its SIC code is 2092.