Panama Posse

 

May 15, 2022

PANAMA POSSE 
FLEET UPDATE 

Sunset

Sunset in the Bahamas by Solmate

Panama Posse Particpants from 27 Flag States

TOP NEWS THIS WEEK

1) PANAMA POSSE WELCOMES OUR NEWEST MEMBERS 

2)  JUNE 4th SEASON FINALE – PARTY LIKE IT’S 2019 

Panama Posse

1) PANAMA POSSE  
WELCOMES OUR NEWEST MEMBERS TO THE FLEET

Phoenix

# 379 SY PHOENIX 🇫🇷   Pascal  en route to San Diego with wife and crew – Jeanneau 36′

# 380 SY CALICO SKIES  🇺🇸  William & Grace – Sabre 36′

SV DELOS

# 381 SY  DELOS  🇺🇸  Brian & Karin & Crew – Amel 53′

WILDSPIRIT

# 382 SY WILDSPIRIT  🇦🇺 Kevin & Diane  – Jeanneau 54”

 

https://panamaposse.com/tracking

 

21·22 Panama Posse fleet tracking
Add your vessel to the tracking page  >>

2) DON’T MISS THE SEASON FINALE 
PARTY LIKE IT’S 2019 

 

RSVP FOR THE PANAMA POSSE SEASON FINALE

 

Please RSVP >>

Plenty of free Panamanian beer and free rum flowing courtesy of Vista Mar Marina, Boga Bar and Flor de Caña Rum

CAN’T MAKE IT ? JOIN THE PARTY VIA ZOOM >>

https://us06web.zoom.us/j/84022489584?pwd=SmxSS1EwQ3l3cFV6SkVVOG82WTU4QT09

Meeting ID: 840 2248 9584

Passcode: 785403 

Find your local number: https://us06web.zoom.us/u/kbZudgkHmA

 

https://panamaposse.com/vista-mar-marina

 

3) ROSIE 2  PASSAGE TO TULUM 🇲🇽 MEXICO

 

Tulum

 

Had
a great time today going the Mayan ruins of Tulum with cousin Traci and
Toby Mills. Been a great week getting to see Jenny and Lee yesterday
now Traci and Toby!! 

Tulum

An Ancient City Surrounded by Walls

The Classic Period

The
Mayan people are members of an incredible culture that once thrived in
the lower Mexico regions and what is now Honduras, Guatemala, El
Salvador and Belize. The period during which they flourished was the
classic period, which was from around 300 to 900 CE. Research in
Guatemala has recently uncovered that this society was notably ahead of
its time as early as 300 BCE.

Tulum

The Mayans constructed temples and pyramids. They created a style of
writing with hieroglyphics and were knowledgeable in astrology and
mathematics. This clever society produced beautiful works of art and
became highly advanced traders. Not only did the Mayans create stunning
art pieces, but they also cultivated vanilla, chocolate, pineapples,
chili peppers and papayas. The Mayans constructed reservoirs and
causeways. They even wove fabrics featuring rich colors.

tulum

The word “Tulum” is a colonial one, and it means wall. Researchers have
found clues about Tulum’s original name. It appears that the city was
once referred to as Zama, which means dawn in the Mayan language. When
Juan de Grijalva explored Mexico, he came across the walled city during
the early 1800s. The Mayans used the fortified city around 1200 to 1450
CE. It remained inhabited until the late 16th century.

Early
on, Tulum was a prosperous civilization. The village was a major
crossroads for trade from land and from sea. It saw trade from Honduras
and even into the Yucatan. Archaeologists have made this determination
from the large number of artifacts that were found in Tulum from all
over Mexico. It is one of the only fortified Mayan sites in the world
and one of Mexico’s best preserved coastal historical sites. Tulum’s
ruins have tempted travelers from all over the world to come view them
in person.

tulum

About the City

The wall that surrounds Tulum is about 16 feet thick. However, some areas
are as thick as 26 feet, and it is constructed from limestone. When the
Mayan people lived inside the walls, the fortification provided them
with protection. However, researchers are unsure as to what kind of
protection was needed. There are a number of theories. One thought is
that Tulum’s population, which was around 600 souls, sought protection
from invaders. Another theory is that the Mayans housed nobility and
priests inside the walls, leaving the peasants outside.

The most common depiction that you’ll see in Tulum is the diving, or
descending, god. This deity is displayed as an inverted figure. When you
visit the historical site, you’ll see the diving god on many of the
ruin’s doorways. The ancient Mayans believed that the waters surrounding
Tulum were the entrance to the underworld.

Tulum’s city square is centrally located with El Castillo on the left. This
stunning structure was built on top of a 39-foot cliff,

Tulun God of the winds

SY ROSIE 2   🇺🇸  Gary & Crew – Antigua Sloop 49′

Gary

4) TRANSITION TO 
PANAMA POSSE SEASON 6

New Season

MAKE A SPLASH IN SEASON 6  
 

Early registration Starts Jun 5, 2022 
Regular registration starts Nov 1, 2022

TO RE-NEW FOR SEASON 6  PLEASE 
SEND AN EMAIL TO REGISTRATION @ PANAMA POSSE 
WITH THE WORDS “SIGN ME UP AGAIN” 

NEW NEXT SEASON:

3 days of learning and 3 nights of fun & mingling at the first

Panama and Pacific Posse “University” at Safe Harbor South Bay

Oct 25 – 27, 2022  San Diego, California

Limited to 75 Cruising Couples or 150 Individuals – stay tuned for details 

 

Panama Posse Univeristy

Panama & Pacific Posse University & Party this fall

UNIVERSITY

5) EL VALLE DE ANTON 🇵🇦 PANAMA

El Valle de Anton, a village in the crater of an ancient volcano in the mountains just east of Vista Mar Marina

El Valle de Anton, a village in the crater of an ancient volcano in the mountains just north of Vista Mar Marina

Valle de Anton

The
town is located in the flat wide caldera of the 6 km wide El Valle
volcano that is inactive; there is evidence that it erupted as recently
as about 300,000 years ago. Because of its elevation (600 m), it is
cooler than the Panamanian lowlands.  Natural attractions near El
Valle include the Chorro El Macho waterfall, Las Mozas waterfall, the
“square” trees behind Hotel Campestre, and a group of small thermal
pools. The area around the town is also known for being one of the last
habitats of the critically endangered Panamanian golden frog. Some of
the forests around the town are protected areas. 

Frog

Critically endangered Panamanian golden frog

SY GREEN FLASH 🇺🇸 Bob & Joan – Beneteau 35′

Bob
Joan

6) PANAMA POSSE AWARDS

    BIGGEST FISH CAUGHT*  

    PICTURE OF THE YEAR    

    PANAMA POSSE YODA OF THE YEAR    

    SPEEDY AWARD – SEVENSTAR AWARD    

    THE CAPTAIN RON AWARD  

    MOST UNWELCOME VISITOR ONBOARD   

    HIGHEST WIND RECORDED   

    SPIRIT OF EXPLORATION  

    GALLEY GOD(ESS)  

    GOOD SAMARITAN OF THE YEAR  

    NEWLY ADDED – BOAT YOGA POSE OF THE YEAR 

 only 2 WEEKS LEFT TO ENTER AND WIN 
email registration@panamaposse.com with your entries

*no bill-fish entries

FLro de Cana Rum Prizes

7) JUAYUA 🇸🇻 EL SALVADOR  

Speaking
of traveling, we have had some incredible trips here in El Salvador. We
highly recommend a visit to Juayua on a weekend for the BBQ food
festival and rappelling down the local waterfall.We stayed at
Hotel Anahuac >>

Pathfinder

Juayua highlands and coffee 

Pathfinder

The Los Chorros de La Calera waterfall is located outside the city. 

Los Chorros de la Calera

Local Fruit

SY PATHFINDER 🇺🇸 Jean-Philippe & Nicole – Lagoon 39′

Jean Phillippe
Nicole

8) MACHU PICHU 🇵🇪  PERU 

Hope
all is well! Darren and I are still in Santa Marta, Colombia. Went on
an vacation to Peru and the Amazon! What an Amazing trip. We used Latan
American travel for booking.…

Machu Pichu

Machu
Picchu is a 15th-century Inca citadel located in the Eastern Cordillera
of southern Peru on a 2,430-meter (7,970 ft) mountain ridge above the
Sacred Valley, about  50 mi  northwest of Cusco. The Urubamba
River flows past it, cutting through the Cordillera and creating a
canyon with a tropical mountain climate

Machu Picchu is a 15th-century Inca citadel located in the Eastern Cordillera of southern Peru on a 2,430-meter (7,970 ft) mountain ridge.[2][3] It is located in the Machupicchu District within Urubamba Province[4] above the Sacred Valley, which is 80 kilometers (50 mi) northwest of Cusco. The Urubamba River flows past it, cutting through the Cordillera and creating a canyon with a tropical mountain climate

The
Inca Trail to Machu Picchu (Camino Inca or Camino Inka) is a hiking
trail in Peru that terminates at Machu Picchu. It consists of three
overlapping trails: Mollepata, Classic, and One Day. Mollepata is the
longest of the three routes with the highest mountain pass and
intersects with the Classic route before crossing Warmiwañusqa (“dead
woman”).

The Inca Trail to Machu Picchu (also known as Camino Inca or Camino Inka) is a hiking trail in Peru that terminates at Machu Picchu. It consists of three overlapping trails: Mollepata, Classic, and One Day. Mollepata is the longest of the three routes with the highest mountain pass and intersects with the Classic route before crossing Warmiwañusqa (

The
llama is a domesticated South American camelid, widely used as a meat
and pack animal by Andean cultures since the Pre-Columbian era. Llamas
are social animals and live with others as a herd. Their wool is soft
and contains only a small amount of lanolin. Llamas can learn simple
tasks after a few repetitions. 

Market in Cusco

Lago Titikaka

The  the largest navigable lake in the world and South America’s largest freshwater lake. 

We
did an 18 day tour otherwise you’re on the go, not much rest. An extra
day in Machu Pichu and Cusco with soo much to see. The Piranha fishing
in the Amazon this was an additional cost of about $60.00 each from the
hotel but from our perspective  well worth it!  This was an
amazing trip !  Total cost less than $ 4500 pp –
more details here >>

SY SMALL WORLD III 🇻🇮  Karen & Darren – Bristol 47.4 ‘

Darren
Karen

8) AWARD ENTRY INTO BOAT YOGA POSES

BOAT YOGA

head into the freezer first 

SY MAISON DE SANTÉ 🇺🇸 Keenan & Nicole & Jack – Cal 46′

Nicole
Keenan
Jack

9) PICTURE OF THE WEEK

We
just arrived to Marina Chiapas after an uneventful Tehuantepec
crossing. We were visited by some dolphins and I snapped this picture.
They were having a blast!!

Cheers,

SY KARUNA 🇺🇸  Doug & Anna  Ta Shing Panda 40′

Anna
Doug

10) ADDITIONAL PICTURES OF THE WEEK

More pictures of the Week

On
the hook  at Ensenada Venao about 10 nm from Punta Mala.
Relatively calm anchorage in about 25’. Little surf town looks fun but
unfortunately we won’t have time to check it out. Looks like a fairly
easy dingy landing on the far right side of the town. Punta Mala at sun
up.

Anchorage

SY SEA TRIAL 🇺🇸  David, Toni  – Nordhavn 55′

David
Toni

Outventure at isla Iguana, Panama

PLUS ENTRY INTO BIGGEST FISH CAUGHT

Juergen holding up the catch fromnt he bay of Panama

Bigegst Fish

4 large fillets

SY  OUTVENTURE 🇵🇱 Juergen & Iris  – Lagoon 44′

Iris
Juergen
Soulmate

crossing the bar into El Salvador

MY  SOULMATE 🇺🇸  Stuart & Robyn & Sunny – Hatteras 63′

Stu
Robyn
Sunny
RedRover

Red Rover at anchor in San Blas, Panama

MY RED ROVER 🇺🇸 Kevin & Alison – Nordhavn 55′

Kevin
Alison
Breathe at anchor

Check out the reflection of the moon on the water with our friend’s boat Breathe!

 

11) THE TRIBUNALS OF NEPTUNE 

ALKA

SY ALKA 🇬🇧 Julius & Ringailė Beneteau 37′

Julius
ALKA

12) HARBOUR ISLAND, ELEUTHERA 🇧🇸  BAHAMAS

Harbour Island

Harbour
Island lies just northwest of Eleuthera Island in the Bahamas. The west
coast also has beaches and several marinas. Outlying coral reefs like
the Devil’s Backbone are home to marine life such as stingrays and
turtles. The main hub, Dunmore Town, features pastel houses like the
1797 Loyalist Cottage. 

Solmate

 Outlying
coral reefs like the Devil’s Backbone are home to marine life such as
stingrays and turtles. The main hub, Dunmore Town, features pastel
houses like the 1797 Loyalist Cottage

Pink Beach

Harbour
Island is most renowned for its beautiful Pink Sand Beach, located
along its eastern Atlantic Ocean side. It almost seems endless,
stretching for some three plus miles, and it is 50 to 100 feet wide

Naturally carved pools - Queens Bath, North Eleuthra.

Naturally carved pools – Queens Bath, North Eleuthra.

Solmate

SY SOLMATE 🇺🇸 Adam & Jen – Fountaine Pajot 45′

Adam
Jen

13) NEW ANCHORAGE IN LAS PERLAS 🇵🇦PANAMA

 

Las Perlas

SY BOUNDLESS  🇺🇸 Julian & Colin – Passport 42′

Julian
Colin

14) PARTICIPANT WEBSITES 

With over 100 current and past participants website
 there are lots of links to exciting stories for everyone 
https://panamaposse.com/participant-websites

 

https://calicoskiessailing.com/blog/

 

 

Calico Skies

 

The Backstory:

Grace
and Bill are college sweethearts that started dating in the fall of
2002. After we graduated from Manhattan College and obtained a Certified
Public Accountant License we thought it was time to invest in a
lifelong passion of Bill’s, sailing. In the summer of 2009 we bought our
1985 Sabre 36, Calico Skies as a place to escape Manhattan on the
weekends. Gradually we started spending more and more time onboard,
eventually giving up our Manhattan apartment to live on the boat for
four to five months over the summer. We may have been the only finance
professionals starting their day riding in a dinghy to the dock, at
times rowing when the motor was broken. Spending our summers on the boat
had us hooked and we put into place a plan to save enough money in
order to travel full time.

In
July 2016 Bill quit his job to get the boat fully prepared for her
first trip south to the Caribbean. Grace was supposed to quit in the
fall but she got cold feet and decided she wasn’t ready to leave her
job. We decided that Bill would take the boat down singlehanded and
Grace would fly in to visit while the boat was in the Caribbean. After
spending a lot of quality time in the Caribbean during the winter of
2017 Grace was ready to leave, quitting her job in September 2017.

Since
leaving NYC in the fall of 2017 we haven’t looked back! We’ve travelled
over 25,000nm including two Atlantic crossings and visited more than 20
countries. . We decided to start documenting our travels on Youtube as
we departed on a four thousand miles sail from Gibraltar in Europe to
Grenada in the Caribbean.

We
tend to be sporadic in our movements, often making long offshore jumps
on a whim. We don’t always know where we’re going but we’re always
going!

15) SUNKEN PIRATE CITY AT PORT ROYAL 🇯🇲 JAMAICA

Pirate City

“The
earth opened and swallowed many people, before my face, and the sea I
saw came mounting in over the wall, upon which I concluded it impossible
to escape.”

Edmund
Heath, survivor and eyewitness to the devastating 1692 earthquake wrote
these words in a letter from the safety of a ship moored in the city’s
harbor, overlooking the ruins of his city. Port Royal, once called “the
most wicked and sinful city in the world” was famous the world over for
its booze—the blackout-inducing Kill Devil Rum, its pirates, and its sex
workers. Needless to say, when the city was nearly destroyed, there
were some parties that saw it as a convenient solution to an ugly
problem.

The
English and their pirate friends were relatively new to the area.
Jamaica had been held by the Spanish since Columbus first declared it
“the fairest island eyes have beheld” in 1494. Lacking gold or other
obvious exploitable wealth, the Spanish held it but did not focus much
energy there. It came under English power in 1655, after Cromwell sent
English raiders to invade and capture the Spanish stronghold at
Hispaniola (now Haiti and Dominican Republic, then the center of Spanish
trade in the Caribbean). Cromwell’s men failed spectacularly at taking
Hispaniola and turned to Jamaica as a second choice, better-than-nothing
option.

Located
on the southeast coast of Jamaica, the natural harbor at Port Royal
became the center of English life in Jamaica. By the late 1600s it had
become one of the largest European cities in the new world, second only
to Boston. It had also become the infamous home of pirates, sex workers,
and Englishmen on the make. Far from home, they made their livings off
of the slave trade, slave labor in plantations, and the money that the
pirates brought in from their looting forays against the Spanish.

It
may be seen as an indicator of the caliber of vice in Port Royal that
in 1675 the notorious pirate Henry Morgan became the Lieutenant
Governor. In fact, Morgan began to crack down on overt piracy as the
grand era of privateering he had been part of began to enter its waning
phase. He died just four years before the earthquake struck and was
buried in the Palisadoes cemetery.

Earthquake

More
recently the Nautical Archaeology Program at Texas A&M University
and the Jamaica National Heritage Trust conducted underwater
archaeological examinations, ending in 1990. Their explorations have
brought to light artifacts of 17th century life rarely seen. Because of
the nature of the disaster, which left many buildings intact and more or
less undisturbed, it has been compared to Pompeii for its
archaeological wonders and was a designated National Heritage Site in
1999.

Port Royal
 

Panama Posse Must See in Central America

 

16) PANAMA POSSE MARINA SPONSORS 

🇺🇸 Safe Harbor South Bay – Chula Vista, USA

🇲🇽 Marina Coral, Ensenada – Mexico  

🇲🇽 IGY Marina Cabo San Lucas  – Mexico  

🇲🇽 Marina Puerto Escondido – Mexico

🇲🇽 Marina Palmira Topolobampo – Mexico

🇲🇽 Marina y Club de Yates Isla Cortes – Mexico

🇲🇽 Marina el Cid – Mazatlan – Mexico

🇲🇽 Marina Vallarta, Puerto Vallarta – Mexico  

🇲🇽 PANAMA POSSE HQ  – Marina Puerto de La Navidad – Mexico  

🇲🇽 Marina Ixtapa, Ixtapa – Mexico 

🇲🇽 La Marina Acapulco, Acapulco – Mexico  

🇲🇽 Vicente’s Moorings, Acapulco – Mexico 

🇲🇽 Marina Chiapas – Mexico  

🇬🇹 Marina Pez Vela – Guatemala  

🇸🇻 Marina Bahia del Sol – El Salvador  

🇸🇻 La Palma Moorings – Bahia del Sol – El Salvador

🇳🇮 Marina Puesta del Sol – Nicaragua  

🇨🇷 Marina Papagayo – Costa Rica  

🇨🇷 Marina Pez Vela – Costa Rica 

🇨🇷 Marina Bahia Golfito – Costa Rica  

🇨🇷 Banana Bay Marina – Costa Rica  

🇪🇨 Marina Puerto Amistad – Ecuador  

🇵🇦 Buenaventura Marina – Panama 

🇵🇦 PANAMA POSSE PACIFIC HQ Vista Mar Marina – Panama 

🇵🇦 Shelter Bay Marina – Panama  

🇵🇦 IGY Red Frog Marina – Panama

🇵🇦 Bocas Marina – Panama 

🇵🇦 Linton Bay Marina – Panama 

🇨🇴 ClubNautico Cartagena – Colombia 

🇨🇴 Club de Pesca Marina Cartagena – Colombia 

🇨🇴 Marina Puerto Velero – Colombia

🇨🇴 IGY Marina Santa Marta – Colombia 

🇯🇲 Royal Jamaica Yacht Club – Jamaica 

🇯🇲 Errol Flynn Marina – Jamaica  

🇯🇲 Montego Bay Yacht Club –Jamaica 

🇰🇾 The Barcadere Marina –Cayman Islands 

🇭🇳 Barefoot Cay Marina – Roatan – Honduras 

🇭🇳 Fantasy Island Marina – Roatan – Honduras

🇭🇳 Jonesville Point Marina -Roatan – Honduras  

🇬🇹 Marina Nana Juana Resort & Boatyard – Guatemala 

🇧🇿 Thunderbirds Marine – Placencia – Belize 

🇲🇽 Marina Makax – Isla Mujeres – Mexico 

🇲🇽 Marina V&V – Quintana Roo – Mexico 

🇲🇽 Marina El Cid – Cancún – Riviera Maya – Mexico  

🇨🇺 Marina Marlin Nautica Cayo Largo – Cuba 

🇹🇨 South Bank Marina & Boatyard – Turks and Caicos  

🇧🇸 Romora Bay Resort and Marina – Bahamas  

🇧🇸 Elizabeth on the Bay Marina – Bahamas 

🇧🇸 Great Harbour Cay Marina – Bahamas

🇧🇸 Blue Marlin Cove Resort & Marina – Bahamas  

🇩🇴 Ocean World Marina – Dominican Republic

🇩🇴 Marina Puerto Bahia – Dominican Republic    

🇺🇸 Marathon Marina – Marathon Keys 

🇺🇸 Pier 66  Hotel & Marina – Ft. Lauderdale, USA

🇺🇸 IGY Marina at Ortega Landing – Jacksonville, FL , USA 

🇺🇸 Oasis Marinas at Fernandina Harbor Marina – FL , USA  

🇺🇸 Morningstar Marinas Golden Isles St. Simons Isl. – Georgia, USA  

🇺🇸 Windmill Harbour Marina – Hilton Head South Carolina , USA  

🇺🇸 Coffee Bluff Marina – Savannah Georgia , USA  

🇺🇸 Hazzard Marine – Gerogetown, North Carolina , USA  

🇺🇸 Holden Beach  – Town Dock, North Carolina , USA 

🇺🇸 Portside Marina – Morehead City, North Carolina USA  

🇺🇸 Tideawater Yacht Marina – Portsmouth,  USA  

🇺🇸 Ocean Yacht Marina, Portsmouth, USA  

🇺🇸 York River Yacht Haven – Virginia , USA  

🇺🇸 Yorktown Riverwalk Landing – Virginia USA  

🇺🇸 Regatta Point Marina – Deltaville, Virginia USA 

 

Dreamer's Whale Shark

 

Dreamers  picture of a whale shark 

The
whale shark (Rhincodon typus) is a slow-moving, filter-feeding carpet
shark and the largest known extant fish species. The largest confirmed
individual had a length of 18.8 m (61.7 ft).  The whale shark holds
many records for size in the animal kingdom, most notably being by far
the largest living nonmammalian vertebrate. 

The
whale shark is found in open waters of the tropical oceans and is
rarely found in water below 21 °C (70 °F) Studies looking at vertebral
growth bands and the growth rates of free-swimming sharks have estimated
whale shark lifespans at 80–130 years. Whale sharks have very large
mouths and are filter feeders, which is a feeding mode that occurs in
only two other sharks, the megamouth shark and the basking shark. They
feed almost exclusively on plankton and small fishes, and pose no threat
to humans. 

Marina el Cid

17)  PANAMA POSSE SPONSORS 

  • SHELTER ISLAND INFLATABLES 
  • PREDICT WIND
  • SEVENSTAR YACHT TRANSPORT
  • HOME DEPOT PRO MEXICO
  • HERTZ RENTAL CARS  MEXICO
  • YACHT AGENTS GALAPAGOS 
  • FLOR DE CAÑA
  • SAFE HARBOR SOUTH BAY MARINA EVENT CENTER  
  • WESTMARINE PRO
  • SAILMAIL 
  • CHRIS PARKER – MARINE WEATHER CENTER
  • SAN DIEGO MARINE EXCHANGE 
 

Yacht Agency in the Galapagos

 

Panama Canal Turbulence as witnessed by MY Delta Swizzler

18) SOME OF THE 300+ 
MARITIME AREAS IN GOOD NAUTICAL

 

MANY MARITIME AEREAS IN GOOD NAUTICAL

 

19) SEVENSTAR YACHT TRANSPORT

 SPONSORS THE PANAMA POSSE

 

Sevenstar

 

More info on Sevenstar™s services can be found on https://www.sevenstar-yacht-transport.com/

Who is Sevenstar Yacht Transport?

Sevenstar is the world’s leading provider of yacht shipping services on a lift-on, lift-off basis.  

For a quote with the Panama Posse discount please contact 
Kris Caren  kris@sevenstar-usa.com   sevenstar-usa.com

 

Sevenstar

 

20) PANAMA CANAL AGENT 
CENTENARIO CONSULTING ERICK GALVEZ

To
arrange for transit with the Panama Canal Authority please contact Eric
Galvez our dedicated Panama Canal agent and sponsor of the Panama Posse
and the Pacific Posse

Erick Gálvez

info@centenarioconsulting.com

www.centenarioconsulting.com

Cellphone +507 6676-1376

WhatsApp +507 6676-1376

Erick
https://panamaposse.com/wp-content/uploads/2021/07/new-panama-canal-graphic.jpg
 

 

21 ) Venture Capitalists Aiming to Disrupt Fish Farming

Forever Oceans says it’s built technology that allows it to push into new frontiers for cultivated fish.

BLOOMBERG By Priya Anand

May 13, 2022, 5:00 AM CST

Off
the western coast of Panama, near a town called Puerto Armuelles where
Chiquita Banana once had a major presence, Forever Oceans is preparing
to harvest and sell almost 3 million pounds of yellowtail to sell in
filets or for sushi. While the eight-year-old startup’s product is
seafood, its executives spend a lot of time talking about the innovation
that goes into the floating cages where its fish spend their lives. The
company will succeed, they say, because it has improved the core
technologies, from specialized enclosures to sensors and robotics,
needed to raise large amounts of seafood farther out in the ocean than
traditional fish farms.

Investors’
hunger is increasing for startups with big plans for food. Venture
capitalists plowed more than $39 billion into food-related tech
companies in 2021, double the amount they put into the sector the year
before, according to Pitchbook Data Inc., a research company. More than
half that funding went to digital grocers and online marketplaces,
natural targets for investors accustomed to assessing software companies
that build consumer products. But there’s also growing interest in
sustainable food production. Fish farming, which grew 527% from 1990 to
2018, according to the United Nations, is poised to become an even
larger part of the supply chain. The UN said in a 2020 report that about
34% of fish stocks were overfished. According to the World Bank, the
figure is much higher, at 90%.

Global Fish Stocks

Forever
Oceans has only produced about 110,000 fish so far and already seems to
be tempering expectations for its inaugural harvest. In an interview in
April, Chief Executive Officer Bill Bien said the company would have a
fall harvest this year of at least 1 million fish. A company
spokesperson later walked that back to 450,000, saying Bien may have
included next year’s harvest estimates in his projection.

Fish
farmers like Forever Oceans raise hatchlings in big tanks on land, then
transport them to open-water farms to mature, in Forever Oceans’ case,
when the fish reach about six pounds. The company uses cylindrical
enclosures about 50 meters in diameter, made of mesh so ocean water can
flow through without the fish escaping. A cable attached to the cage
anchors it to the ocean floor; barges at the surface pump food through
pipes to the fish. Forever Oceans’ enclosures currently cost about
$300,000, though the company says it has improved its technology and
shifted to less-expensive materials to cut costs by more than half from
earlier versions.

Fiorever OCeans

Competitors
are skeptical of Forever Oceans’ claims that its technology gives it a
significant edge. “There’s nothing revolutionary about what they’re
building,” says Dick Jones, CEO of Blue Ocean Mariculture, another
upstart fish-farming operation backed by Christy Walton of the Walmart
clan.

The
technology Forever Oceans has developed allows it to operate much
farther offshore than most other farms, says Bien, who took over as CEO
last fall after running the agricultural lighting division at Signify
NV. But being far away from land poses its own set of challenges. It’s
more time-consuming and expensive to check on problems when they
inevitably arise. Forever Oceans had a cage slip away from its mooring
at its testing site off Hawaii, Bien says. The company was able to
rescue the fish from the cage, and froze them to use as product samples.

The
company says it has had fish escape, which poses financial and
environmental risks. But the company says it loses fewer fish than
industry averages, monitoring its enclosures with cameras constantly,
and only raising species that are endemic to the waters it operates in.
Bien acknowledges the dangers. “We’re operating far off the shore, from
the coast,” he says. “And so by definition, that is difficult. It’s not
for the faint of heart.”

22) STRATEGIC PARTNERS
 

SEVEN SEAS CRUISING ASSOCIATION

Vicente’s Moorings – Acapulco – Mexico

Park Avenue Villas – San Juan del Sur – Nicaragua

Coconutz – Playa Cocos – Costa Rica

Abernathy – Chandlery – Panama

Pacific Posse 

Atlantic Posse

Advertising Partners – Las Vegas

Safe-Esteem.com – Delaware


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