The first Forbes Group company was formed in 1967 when Lucien Edward Forbes came ashore in Port Moresby, Papua-New Guinea from captaining a 500-ton fishing trawler, hired a staff and opened the offices of Forbes Fareast Freehold (Port Moresby) Pty.. Ltd.. The founder's conviction that enhanced fisheries management represents a coastal country's true source of sustainable economic development is the backbone of the Forbes Group policy.

Forbes Group has successfully operated, and sold, fleets of fishing vessels in Brasil, Chile, Peru, Kenya, Russia and the US. Current development contracts include the Comoros Islands, Guinea Conakry, Pakistan and the Saharan coast.

In conjunction with the University of Massachusetts (USA), Forbes Group developed a process for creating high quality Surimi from underutilized fish species. This serves as a significant protein source, and has been marketed within country and to clients as diverse as Campbell's Soup, British Airways and the Vladivostok, Russia, school system.

To support a community whose economy is growing because of an enhanced fishing industry, Forbes Group created a prototype Forbes Port design which includes other infrastructure components necessary to further local and regional quality of life. The first such prototype is scheduled for Anjouan Island in the Comoros, where ground was broken in 1997. The project, disrupted at that time by a partial dissolution of the Federal government, is now proceeding effective 2001.

Forbes Fareast Freehold (Port Moresby) Pty. Ltd. was a joint venture begun in 1967 with Gulf Fisheries, (Kuwait), Ltd. in the Gulf of Papua, Territory of Papua and New Guinea, and in the Gulf of Carpentaria, Australia. The fleet consisted of 42 vessels, which generated average annual revenues of $26,000,000 US. The native training program replaced 95% of the expatriate crew.

Freehold Fishing (Kenya) Ltd., Mombassa, Kenya operated a 14-vessel fleet. The Company built and operated a 1.2 million cubic foot freezer in joint venture with the government of Kenya and a Japanese consortium. The company generated over $46,000,000 US and implemented 100% local crew vessel operations.

Pina, SA (Brazil), Belem do Para, Brazil operated a 16-vessel fleet and an 850,000 cubic foot freezer facility at the mouth of the Amazon River. The Company generated an annual average of $14,000,000 US, and implemented 100% local crew vessel operations. The fleet and processing plant were sold to the Brazilian government.

Freehold Fishing SA (Chile) was engaged in harvesting krill in the Antarctic in conjunction with the Fisheries Institute of the Chilean Navy. Chilean products, including krill-based analogue foods, were sold in non-traditional markets

Forbes Progress, Moscow, Russia was created as a Soviet-American Joint Venture in 1987, holding registration #83 of all registrations in the history of the USSR. The J/V installed refrigeration systems, poultry processing lines and the processing equipment for the analogue fish processing plant built in Vladivostok in partnership with PrimorRybProm, the then largest fishing company in the world. With the disintegration of the USSR, the Company was nationalized.

For more information please contact the webmaster at info@forbesgroup.us