SeaDragon signs new agreements for shark liver oil; costs jump in Nelson refinery

Thu, 26 Mar 2015

By Jonathan Underhill March 26 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has terminated a contract with a charter vessel that supplied deep-sea shark liver oil and signed two new supply agreements, highlighting the challenge of ensuring it can source enough raw material. The Nelson-based company today said sales for the year ending March 31 will be about $6.5 million, up from $3.1 million a year earlier. Costs related to the start-up of its new refinery for producing its second product stream, Omega 3...

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