China will ultimately be “the formulator” of the global rules on international fishing, Liu Zhong Xin, the deputy head of the Fisheries Management Bureau at the Ministry of Agriculture said recently in an interview with the Beijing-based Global Times.
In the interview, which was part of an extensive article on the prospects for China’s distant water-fishing industry, Liu said he sees China’s dominance of global… Read More
Lukas Manomaitis is the managing director of Thailand-based Seafood Consulting Associates, a specialist consulting firm formed in 2001.
Manomaitis recently completed a research project for the U.S. Soybean Export Council looking into the potential for aquaculture in sub-Saharan Africa. He found that aquaculture output in the region will double by 2023.
Manomaitis told SeafoodSource he believes Africa will become a significant supplier of… Read More
Panama looks set to drastically increase its seafood exports to China as the two countries move to complete a free trade deal.
Panamanian seafood executives and officials met last week in Panama City to study the remaining market entry requirements that need to be signed before exports can be expanded. Panama wants to increase shipments of fruit, vegetables, and seafood to China, according to Gustavo Fadul, a senior official in Panama’s… Read More
Even though Chinese demand for seafood continues to rise, there appears to be a major disconnect between the performance of China’s leading seafood firms and the prices of their public shares, suggesting a lack of investor confidence.
For the first three quarters of 2018, revenue at Zoneco (Zhangzidao) totalled CNY 2.1 billion (USD 302 million, EUR 266 million), up 9.42 percent year-on-year. However, its profits – at CNY 23.38… Read More
China’s fishing industry has celebrated the landing at a port in Shenzhen of its first haul of seafood caught in Mozambique.
The return to port of six vessels owned by the Yu Yi Industry Co. – carrying 359 tons of crustaceans and fish – was marked with a major ceremony overseen by corporate executives and Communist Party officials.
The Shenzhen festivities showcase the prominent role of government in expanding China’s… Read More
Fishing firms and processors met with representatives from 15 countries at an event organized by local government and fishing industry representatives in southeast China.
The Ocean Summit at “World Ocean Week” in Xiamen saw officials and executives from Africa and Asia meet with fishing executives in the Fujian region, which is a hub for China’s distant-water fleet.
As part of the summit, the… Read More
In a visit to the West African country of Ghana earlier this month, Chinese Vice Minister of Agriculture and Rural Affairs Qu Dongyu announced work is underway on a memorandum of understanding focused on fishery cooperation between the two countries.
Qu visited the fisheries ministry in Accra, Ghana’s capital, where he met Ghanaian Minister of Fisheries and Aquaculture Elizabeth Afoley Quaye before visiting Chinese vessels docked at a… Read More
China has sent a large shipment of fish fry to the Philippines as part of an ongoing strategy to reduce tension over territorial disputes by assisting the development of the Filipino aquaculture sector.
Chinese recently officials loaded 100,000 leopard coral grouper fry in the port of Wenchang, Hainan Province, on a boat bound for the Philippines. A handover was overseen by China’s ministry of agriculture and the country’s Academy of… Read More
A mega trade deal driven between India and China looks to be moving to completion this month.
Negotiations are ongoing both bilaterally between China and India and the members of the Regional Comprehensive Economic Partnership – which include Australia, China, India, Japan, South Korea, New Zealand and the 10 countries belonging to the Association of Southeast Asian Nations (ASEAN). There are still major obstacles to overcome before any… Read More
Russia has been displaced by the Association of Southeast Asian Nations (ASEAN) as China’s top supplier of seafood imports.
The ASEAN bloc accounted for 14.5 percent of China’s imports, with volume rising 31.3 percent to 453,700 MT, with a value of USD 1.116 billion (EUR 978 million) – up a whopping 59.2 percent, albeit from a low base in 2017. Simultaneously, China’s exports to ASEAN have fallen. This appears to… Read More