- Business
- Oceana Group Limited operates as a global fishing and food processing company, engaging in catching or procuring, processing, marketing, distributing, and selling seafood products across the full value chain. The company produces and sells canned fish under the iconic Lucky Star brand (including pilchards, sardines, mackerel, and tuna) and Glenryck brand; fishmeal and fish oil from anchovy, redeye herring, Gulf menhaden, horse mackerel, and cannery offcuts; frozen whole horse mackerel; headed, gutted, and filleted hake; live and frozen West Coast rock lobster; live and tailed South Coast lobster; frozen squid under Oceana Lobster and Calamari Fishing brands; and other deep-sea species such as squid, tuna, and abalone. It also provides refrigerated warehouse facilities, logistical support services, cold storage exceeding 100,000 tons, bunkers, lubricants, and ships' agency services.
Oceana Group maintains operations through key divisions including Lucky Star Foods with three canneries and two fishmeal plants supported by 11 refrigerated vessels; Fishmeal and Fish Oil Africa and USA (via subsidiary Daybrook Fisheries in Louisiana) focusing on horse mackerel, hake, lobster, and squid with 13 vessels and two production facilities; and inshore pelagic fishing for anchovy, redeye herring, and pilchard. The company serves wholesale, foodservice, and consumer markets in over 60 countries, with primary revenue from South Africa and Namibia, followed by other African regions, the United States, Europe, Australia, Asia, and the Far East. It operates a fleet of 60 vessels and 12 spotter planes from bases in Cape Town and St Helena Bay (South Africa), Walvis Bay (Namibia), and Empire, Louisiana (USA).
Founded in 1918 and headquartered at Oceana House, 25 Jan Smuts Street, Foreshore, Cape Town, South Africa, Oceana Group is listed on the Johannesburg Stock Exchange (JSE: OCE), Namibian Stock Exchange (NSX), and A2X, positioning it as one of Africa's largest fishing companies with a history exceeding 100 years.
In recent developments, Oceana Group invested $1.5 million in April 2025 in Hatch Blue's Accelerator Fund II to support early-stage seafood innovation companies, aligning with its strategy for growth, diversification, and sustainable value creation through access to emerging technologies and partnerships. The company secured a R1.6 billion sustainability-linked loan with Investec, featuring reduced interest rates tied to carbon emission reductions and injury frequency improvements in South Africa and Namibia. These moves build on its resilient operations amid diversified portfolios and global exports to over 41 countries.