Pacific Andes Resources Development

What Pacific Andes Resources Development does

Pacific Andes Resources Development Limited (PARD) is a publicly-listed, vertically integrated seafood company on the Singapore Exchange (P11.SI), headquartered in Hong Kong and Bermuda-incorporated, with 5,001-10,000 employees. The company operates two divisions: a Frozen Fish Supply Chain Management (SCM) division that procures, processes, and distributes frozen seafood to wholesalers and re-processors globally; and a Fishery and Fish Supply division that operates one of the world's largest fishing fleets and fishmeal processing facilities, primarily producing fishmeal and fish oil from Peruvian anchovy operations. PARD also provides at-sea transportation and refrigerated ocean logistics services to fishing companies. The Group's flagship assets include the wholly-owned Peruvian fishmeal operations (Copeinca AS, acquired in 2013 and delisted from Oslo Børs in April 2014) and the Singapore-listed subsidiary China Fishery Group Limited.

The company generates revenue predominantly through B2B sales of commodity seafood products, with FY2014 revenue of HK$8.126 billion split between Fishery and Fish Supply (60.6%, HK$4,920.5 million) and Frozen Fish SCM (39.4%, HK$3,205.5 million). Geographically, China dominates at 66.6% of revenue, followed by Europe (10.7%), other East Asia (9.1%), and South America (6.0%). Customer segments consist of frozen seafood wholesalers and re-processors, aquaculture operators, and farmed animal feed producers. Pricing is not publicly disclosed. The Group maintains several certifications including ISO 22000 (first in China, 2003) and GRI A+ sustainability reporting (2014), and holds a 10-year Peruvian Legal Stability Agreement.

PARD is controlled by the Ng family through parent company Pacific Andes International Holdings Limited and holding vehicle Clamford Holding Ltd (approximately 67% historical ownership). The company has experienced significant financial distress following the 2013 Copeinca acquisition, leading to 2017 Chapter 11 insolvency proceedings for subsidiary CFG Investment S.A.C., a 2018 forensic review, and ongoing restructuring, with leadership transition to Jessie Ng as Executive Chairman in December 2015.

Name

Pacific Andes Resources Development

Legal name

Pacific Andes Resources Development Limited

Website

https://paresourcesdevelopment.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Pacific Andes Resources Development is a Singapore-listed, vertically integrated seafood company (B2B) that operates one of the world's largest fishing fleets and fishmeal processing facilities, producing fishmeal, fish oil, and frozen seafood primarily for wholesalers, re-processors, and aquaculture feed buyers, with China as the dominant market.

Ownership category

akta.pro rank

Product category

Seafood and Marine Products

NAICS

Fish and Seafood Merchant Wholesalers (42446), Seafood Product Preparation and Packaging (31171)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Water Transportation (4400)

akta.pro primary industry

Seafood Wholesale (Fresh & Frozen) (AFAIADAD)

akta.pro secondary industries

Primary Seafood Processing (Heading/Gutting/Deheading; Icing) (AFANADAA), Meat, Poultry & Seafood Refrigerated Warehousing (TLALABAC)

Keywords

• Frozen seafood distribution
• Fishmeal production
• Marine logistics services
• Seafood supply chain
• Aquaculture feed ingredients

Headquarters

HQ city

Shek O

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Frozen Fish Supply Chain Management: Distribution of frozen seafood products to wholesalers and re-processors globally. Revenue decreased 27.7% from HK$4,435.0 million to HK$3,205.5 million, accounting for 39.4% of total revenue.
2. Fishery and Fish Supply Division: Production and sale of fishmeal and fish oil from Peruvian operations, including fishing fleet operations and fishmeal processing facilities. Revenue increased 13.7% to HK$4,920.5 million, accounting for 60.6% of total revenue.
3. At-Sea Transportation and Logistics Services: Full range of logistical services to fishing companies, including at-sea transportation and refrigerated ocean transport of seafood to diverse markets globally.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Pacific Andes Resources Development Limited is a vertically integrated seafood company that sources, processes, and globally distributes frozen fish and seafood products to wholesalers and re-processors through an integrated supply chain. The company also operates one of the world's largest fishing fleets and fishmeal processing facilities, primarily in Peru, producing fishmeal and fish oil as essential feed ingredients for the aquaculture and farmed animal production industries. In addition, PARD provides at-sea transportation and refrigerated ocean logistics services to fishing companies.

Product overview

Pacific Andes Resources Development operates as a vertically integrated seafood company with two core divisions: the Frozen Fish Supply Chain Management (Frozen Fish SCM) Division handling procurement and global distribution of frozen seafood, and the Fishery and Fish Supply Division operating fishing fleets and fishmeal processing facilities. The company's flagship products include fishmeal and fish oil produced from Peruvian Anchovy operations. Key subsidiaries include China Fishery Group Limited (Singapore-listed) and Copeinca AS (acquired in 2013). The company provides at-sea transportation and logistical services to fishing companies while serving wholesale, reprocessing, and aquaculture feed customers worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Frozen Fish Supply Chain Management (Frozen Fish SCM) Procurement, processing, and global distribution of frozen fish and seafood products through an integrated supply chain, serving wholesalers and re-processors worldwide. Generated HK$3,205.5 million in FY2014 (39.4% of total revenue).
• Fishery and Fish Supply Division Operations of one of the world's most sizeable fishing fleets and fishmeal processing facilities in key fishing grounds (notably Peru), producing fishmeal and fish oil for aquaculture and animal feed industries. Generated HK$4,920.5 million in FY2014 (60.6% of total revenue).
• Fishmeal & Fish Oil Primary products produced from Peruvian Anchovy fishery operations, serving as essential feed ingredients for the global aquaculture and farmed animal production industries.
• Frozen Seafood Products Frozen fish and seafood products sourced from oceans globally and distributed to wholesalers and re-processors through the company's integrated supply chain.
• At-Sea Transportation and Logistics Services Full range of logistical services to fishing companies, including at-sea transportation and refrigerated ocean transport of seafood to diverse markets globally. Leverages GridPanel mobile proxy technology for real-time communication with vessels and logistics partners.

Quantifiable outcome

• 27.5% increase in net profit to HK$953.4 million in FY2014
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• China Fishery Group LimitedcoreStrategic or Co-development PartnerSubsidiary listed on Singapore Exchange, involved in fishing operations, fishmeal processing and supply chain operations. Key operating entity within the Pacific Andes Group.
• National Fish & SeafoodcoreStrategic or Co-development PartnerRelated entity within the Pacific Andes Group network, operating in the seafood industry.
• Pacific Andes InternationalcoreStrategic or Co-development PartnerParent company listed on Hong Kong Stock Exchange, holding company providing group leadership and strategy.
• Copeinca AScoreStrategic or Co-development PartnerNorwegian seafood company acquired in 2013, now part of the Group's Peruvian Fishmeal Operations. The acquisition significantly expanded the company's fishmeal and fish oil production capacity.
• Tassal Group LimitedminorOthersAustralian farmed salmon company. Pacific Andes held 18.09% equity interest which was disposed in FY2014, realizing a gain of HK$316.4 million.
• Deloitte & Touche LLPcoreOthersExternal auditors providing audit and non-audit services. Audit fees of HK$12,485,000 and non-audit fees of HK$2,965,000 in FY2014.
• Peruvian Government (via Legal Stability Agreement)coreOthers10-year legal stability agreement protecting the Group against changes in Peruvian law, mitigating political risks for Peruvian operations.

Scale indicators10 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Austral Group S.A.A. Peruvian fishmeal and fish oil producer owned by the Romero Group with operations in the same Peruvian anchovy grounds as Copeinca; a direct operational peer for Pacific Andes' largest revenue stream.
• Hayduk Corporation: Major Peruvian fishmeal and fish oil processor with overlapping anchovy supply, processing capacity, and aquaculture feed customers; comparable to Pacific Andes' Fishery and Fish Supply Division.
• China Fishery Group Limited: Singapore-listed indirect non-wholly owned subsidiary of Pacific Andes; operates the same Peruvian fishmeal and fish oil business via CFG Investment S.A.C. and shares management with PARD, making it the closest direct peer.
• Austevoll Seafood ASA: Norwegian vertically integrated seafood group operating fishing, fishmeal/oil production (through Austral Group stake), and value-added processing; mirrors Pacific Andes' integrated fishing-to-feed business model and was a relevant Norwegian-listed acquirer of Peruvian assets like Copeinca.
• National Fish & Seafood: North American frozen seafood processor and distributor explicitly referenced as a related entity within the Pacific Andes Group network; directly comparable in frozen seafood B2B distribution activities.

Broad incumbents

• Maruha Nichiro Corporation: One of the largest vertically integrated seafood companies in the world, spanning fishing, processing, and global distribution including fishmeal — directly comparable in business model to Pacific Andes but at much greater scale and with broader product mix.
• Nippon Suisan Kaisha (Nissui): Japanese integrated seafood company operating fishing fleets, processing plants, and global distribution of frozen seafood and marine products; directly overlaps with Pacific Andes' core Frozen Fish SCM and Fishery divisions.
• Thai Union Group Public Company Limited: Global seafood processor and distributor (Chicken of the Sea, Bumble Bee, John West) with similar B2B/wholesale channels and integrated supply chains; comparable as a large incumbent in frozen seafood distribution.

Regional players

• High Liner Foods Incorporated: North American-focused frozen seafood processor and distributor serving foodservice and retail; comparable in product category (frozen seafood distribution) but operating in a different geography from PARD's Asia-Pacific focus.

Emerging players

• Tassal Group Limited: Australian farmed salmon producer in which Pacific Andes held an 18.09% equity interest (disposed in FY2014 for HK$316.4 million gain); a direct aquaculture customer and former portfolio peer for Pacific Andes' fishmeal and fish oil feed business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pacificandes

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pacific Andes Resources Development