The idea was simple: to gather and create an informal, natural, and simple place to trade, eat, shop, and learn. Today, Far Ocean is into retailing with a focus on Food Retail (FMCG) & Food Services (HORECA). These historical timeline highlight key dates and events and are a record of the many defining moments in the making of a very unique and special company.
14 October, 1971
Mr. Quek Cheok Boon, Founding Chairman of Far Ocean started a Fish Mill Plant, processing tiny fish into finer particles for fertilisers and animal feeds, auctioning in Jurong Fish Market with supplies mainly from Thai Trawlers. Focus on Fresh Seafood, mainly pomfrets.
Kiang Huat, managed by Mr. Henry Quek, achieved a sales turnover of S$12Million per annum and expanded to frozen on board, focusing on, sea frozen blue shark
Merger of Kiang Huat into Far Ocean , grossing sales of S$20 Million per annum
Capital Investment S$3.8M to build the first integrated Seafood cold storage facility in Singapore which led to a further sales growth to S$38M
1st seafood company to be graded A by the AVA, Food Authority of Singapore. Invested another S$3.2M, amounting total investments to S$7M to expand its frozen seafood business. In the same year, Far Ocean is HACCP certified
The Singapore Productivity and Standards Board (PSB) and (SGS) then awarded. Far Ocean with European Union export license, become the 1st company allowed to export seafood out of Singapore
The ISO 9002 was awarded to the company, with full expansion into the American Market (USDA) Certification, Far Ocean Revenue is at $60M per annum
Tri-Marine International (Pte) Ltd. sold its tuna steak and frozen swordfish business to Far Ocean Sea Products Pte Ltd. Far Ocean is now the no. 1 player in the frozen tuna and swordfish steak market, with global presences in Thailand, London, America, Brazil, Russia and Taiwan
Won numerous awards consecutively, becoming the largest seafood company in Singapore and Top 10 Seafood Company in SEA with an annual turnover of $100M. Mr. Henry Quek then went on and became the President of the SIAS (Singapore Industry Association of Singapore)
In 2013, Far Ocean Singapore entered into a JV partnership with Swiss Butchery for domestic retail expansion (FMCG Business). Together acheiving an annual group turnover of $154M, starting the domestic food service (HORECA business) in 2016
Won the prestigious Food Service Business - Diamond Award (For achieving Grade A for 20 Consecutive Years from 1991 - 2016, by the AVA)
By 2018, Far Ocean Group opened numerous successful Retail & Dining concept outlets.
Start of Digital Business; Fully integrated online groceries for B2B (www.farocean.online) & B2C (www.taste.sg). The group now supplies fresh and frozen food & drinks to the domestic market of Singapore. With a complete end to end cold supply chain, living up to its brand, the mark of freshness and the global benchmark for premium quality food
Extensive products line offerings of bakery, produce, seafood, meat, dairy, delicatessen and wine, becoming the key specialised gourmet food market to supply directly from source to plate in Singapore