QUOTE(BenSow @ Nov 18 2010, 08:28 PM)
Basically, there is a project that was initiated by a State Government and is meant to be a marine mammal park however it was abandoned after 40% of the work was completed so it had to be rescued by the private sector - basically another company willing to not only buy over the land and completed work (of which all the systems were setup wrongly and would have failed even if completed by the original company) but also secure the additional funding and expertise required to complete the project. But then once completed, the company has to make a return on its investment in addition to managing a wide range of risks from the economy going south to losing all their fishes on display. This requires a team of experts ranging from marine biologists, dolphin trainers, F&B staff, maintenance staff etc some of whom would have to be expats.
Personally, I don't agree with dolphins being kept in captivity as half of all dolphins captured from the wild in the first place die within weeks of being in captivity. This depends largely on how they were caught and subsequent transport to the final aquarium. Those who do survive live for around 7-10 years max which is 4x less than in the wild. In fact, dolphins in captivity have been known to suffer from depression leading to developing ulcers and a whole bunch of other illnesses. Furthermore dolphins in the wild travel up to 40-50 miles a day and when placed in someplace like Sea World where the industry standard for keeping dolphins is 10ft x 10ft x 30ft per dolphin, then it would have to swim round its enclosure 1700 times a day to match what they are able to do in the wild.
Dolphins also produce a lot of waste so filtration is extremely important. Also, dolphins communication can travel for miles under water and they use this form of sonar to hunt as well so imagine being in an aquarium and having these sonar waves bouncing back at you from every angle. The reason why bottle nose dolphins are used the most is due to the fact that they look happy with a smile which is not necessarily the case as dolphins have been know to commit suicide in captivity either by refusing food or even to the extent of banging their heads against the enclosure.
Therefore, dolphins when retrieved in the wild do not adapt well to captivity which is why Australia and UK have banned all cetaceans from captivity and its only countries in Asia, Middle East, US and especially Japan who allow dolphins in captivity. There are dolphins who are born and bred in captivity usually in open cages by the sea and is a big industry in places like the Solomon Islands. Only dolphins born and raised in captivity would actually perform tricks like jumping out of the water onto the side of the pool and perform tricks before retreating back into the pool. Getting a wild dolphin to do the same is next to impossible as it goes against their natural instinct and its unnatural for them as being out of water means the weight of their bodies presses down on their internal organs and if a dolphin performs three shows a day seven days a week over several years you can imagine why they don't live for very long.
In short, on a personal level I disagree with the concept and I've tried my best to get the whole concept changed completely as you don't need to have dolphins performing tricks three times a day to attract visitors. If I could have it my way, I'd go for a concept like the Atlanta Georgia Aquarium which is the world's largest and was donated by the founder of Home Depot at the cost of quarter of a billion dollars. It's size is 30 million liters or 30 times larger than Aquaria KLCC. It also has 125,000 fishes a large number of which are HAND FED daily and they have the best experts in the world not to mention massive manpower; even their volunteers number in the thousands. Currently, the Atlanta Georgia Aquarium brings in over USD 1 billion to the city of Atlanta without even having to put on a single show or even have a single dolphin in captivity. So it can be done, it has been done and its doable without being cruel to dolphins.
So why is it happening? Well, at the end of the day this project had already been started and since the original parties have failed, the new company which is attempting to rescue the project has already doubled the amount of capital in addition to nearly tripling the land area. However, the terms of the takeover are very clear which states that this is a marine mammal tourist park with a dolphinarium so if its going to happen the best anyone can do is try provide the best environment for the dolphins as possible. I still harbor hopes that the dolphin part can be eliminated and in its place a bigger aquarium or even more than one aquarium and for the same money produce something that puts Aquaria to shame as current plans already include an aquarium half the size of Aquaria's so imagine without dolphins you could have more than twice the size and even have a whole reef.
What does it have to do with me? Well, I studied finance in University and my first job was in investment banking. I was exposed to the world of finance during my early teens as my parents subscribed Business Week, Economist, Malaysian Business and even current affairs like Newsweek, Far Eastern Economic Review (before it was banned those days) and I was given annual reports of public listed companies to read. I've since moved on and basically my life's work has changed dramatically as I now help run our family's orphanage but purely from the financial side so fundraising, investing whatever money we have etc. Next year I will assume more responsibility and I guess at some point I will take over from my father. So although my priority is the orphanage, I do have a business with another two in the pipeline along with some investments in property and the stock market. Basically, with regards to this dolphin venture I'm basically looking out for the interests of the company's chairman but I don't own any shares in the company nor am I employed by the company and it does not require much of my time as I'm focused primarily on everything related to the finances of the venture so I look at everything and anything to do money from costs to loans to rate of returns to pro forma statements of cashflow, revenue, etc. I was offered the chance to be a part of the venture but I do not agree with the concept and I also have to juggle my own ventures/investments.
I hope that answers your question?
This post has been edited by [PIMPIN]: Nov 18 2010, 11:56 PM