A special trading zone for seafood has launched operations in Qingdao.
The Qingdao International Marine Industry Park was initiated in 2013 and was originally projected to cost around USD 1.5 billion (EUR 1.3 billion). Today one of its major features – the Qingdao Aquatic Trade and Logistic Center – sits on a 400-hectare site and aims to capitalize on China’s increasing demand for imported seafood and make the city the… Read More
Yet another of China’s big city seafood markets has closed, to be replaced by a real estate gentrification project.
The Dong Men seafood market in Shenzhen is emptying out this week, as state-owned property developer China Resources Land will build a 1.5-million-square-meter development of mall, offices, and apartments in the place of what was one of the country’s busiest seafood markets.
The Dong Men seafood market in Luohu district… Read More
China’s position as a buyer and producer of seafood has become so dominant that many appear to take it for granted that future growth is assured.
China produced 64.5 million tons of seafood – the figure includes seaweed and fishmeal – in 2018, up 0.19 percent, of which aquaculture accounted for 49.9 million tons, up 1.73 percent on the previous year. Distant-water fishing contributed 3.5 percent of the total volume, at 2.25… Read More
An app launched in 2018 called YORSO is aiming to provide a full supply-chain management platform to help seafood producers, distributors, and foodservice executives to automate marketing, sales, purchases, and logistics.
In an interview with SeafoodSource, YORSO co-founder Anton Trantin talked about fundraising in Silicon Valley and the challenges of finding partners in China and Russia – and how he aims to exploit the opportunities in… Read More
Chinese authorities have seized and destroyed a shipment of seafood being smuggled through one of the country’s main border crossings with Vietnam.
The Shui Kou customs post near Nanning city carried out a formal “destruction” of nine types of smuggled seafood seized recently, including eel and lobster from South America, according to a statement and photos from Chinese Customs’ press office.
Customs at Shui Kou claim 202… Read More
Fifteen people accused of smuggling seafood were arrested on 7 January in a high-profile bust that took place across several warehouses and offices in the Cao Qiao district of Beijing, China.
Chinese customs authorities claim the gang was smuggling frozen seafood into China illegally from Latin America and Vietnam. Footage from TV news on China Central TV shows a large frozen goods warehouse in the outskirts of Beijing stuffed with boxes of… Read More
Surveillance drones and patrol boats are being deployed in greater numbers than ever before as China’s unprecedented 10-year ban on fishing in the Yangtze River kicks off this week.
According to Yu Kangzhen, China’s vice minister for agriculture, who also has responsibility over the country’s fisheries, the ban is part of the Chinese government’s flagship strategy to rehabilitate its inland fisheries. Yu is emphasizing a… Read More
China has become known as a leading exporter of caviar, but one of the country’s largest producers is shifting to pursue domestic sales.
Sichuan Run Zhao Fisheries Co., which also operates by the English name Frosista, is targeting its “Hei Po” brand at the Chinese domestic market, stressing the Siberian sourcing of its sturgeon and the “Iranian craftsmen” overseeing its caviar-creation process. It is now selling… Read More
Chinese authorities have encouraged fishery firms active in Gabon’s waters to dial into an emergency hotline as the hunt continues for four kidnapped Chinese fishermen.
Pirates boarded and four vessels owned by Sigapeche (formally known as Société Sino-Gabonaise de Pêche) on Saturday, 21 December. They killed one freighter master and took four Chinese nationals hostage, according to Maritime Executive. The four captives… Read More
Financing options just got tighter for Chinese seafood firms listed in China, after the government limited “share pledges” to stabilize the equity market.
Share pledge financing, whereby companies use equities as collateral to obtain loans, appears to have been curtailed by the federal government after the market saw a slew of so-called “share pawns” notices from firms including Baiyang Industrial Investment Group and… Read More