Hong Kong used to be the gateway to mainland China for exports of premium products like salmon. Now the traffic has been reversed, with a Dalian, China-based importer and processor of salmon seeking to increase sales of salmon in the city.
Dalian Huayang Food Co. wants to use Hong Kong as a gateway to the Southeast Asia market for salmon, CEO Sun Le Qing told SeafoodSource at this month’s Seafood Expo Asia event in Hong Kong. The… Read More
Flavors and functionality may be key to pushing sales of processed seafood in Asia, a region more associated with consumption of fresh product.
Sales of seafood products are inching up across the huge Asia-Pacific region, thanks to an appeal to ageing societies in key markets like Japan, and due to a new emphasis on innovative flavors and packaging, according to research by market research consultancy Euromonitor.
Overall growth in… Read More
Taiwan’s large distant-water fishing fleet is a major supplier of tuna to global markets, but it has been accused of misconduct on the high seas, including engaging in illegal, unreported and unregulated (IUU) fishing.
In 2015, Taiwan was issued a “yellow card” warning by the European Commission, and in 2016, it was threatened with a red card, which would have resulted in a ban on imports to the European Union of fish… Read More
A Chinese offshore aquaculture equipment maker has gone a step further with its ambitions with a new agreement with a local manufacturing specialist to build what’s billed as the world's largest and most capable deep-water fish farming fishery in the South China Sea.
The “Guangdong Shantou Deep Distant-water Intelligent Fishery Platform Project Manufacturing Agreement” was signed in late August in Shantou between Hubei… Read More
Investors were nonplussed when leading Chinese aquaculture and seafood importing firm Zoneco recently reported a 52.4 percent fall in net profits for the first half of 2018, down to CNY 14.6 million (USD 2.1 million, EUR 1.8 million) on revenues of CNY 1.40 billion (USD 204 million, EUR 176 million).
Once the darling of investors, Zoneco, which goes by its Chinese name Zhangzidao, said the results show improvement in its financial position… Read More
China is helping Costa Rica ramp up its shrimp production through a training course paid for by the Ministry of Commerce of China.
The 2018 Costa Rica Marine Fisheries Cultivation and Breeding Training Course was hosted in August at the National University of Costa Rica in Heredia and opened by vice president, Marvin Rodriguez, who thanked China for helping the country improve education levels on the country’s coast according to a note… Read More
Companies that send U.S.-caught seafood to China for processing and then reimport it are facing 10 to 25 percent tariffs as the result of a trade war initiated by U.S. President Donald Trump.
The goods in the latest round of tariffs announced in July by the office of the U.S. Trade Representative, on its “USTR List 3,” include a wide range of seafood items. They are scheduled to be enacted in September.
Ian W. Moores, general counsel… Read More
Norway is capitalizing on the recent controversy surrounding the naming of salmon and domestically-bred rainbow trout in China.
Norwegian fishery and consular officials have signed a “strategic cooperation” agreement with Alibaba-owned chain Hema Xiansheng in a tie-up that emphasises the “reliable” – and fully-Norwegian – nature of the latter’s salmon supply to Chinese consumers.
This is… Read More
China’s shrimp buyers should be securing supply through acquisitions of production facilities in Mexico, according to a Mexican producer seeking Chinese shrimp investment.
China should tap into Mexico and farm its own shrimp there – that’s according to Guadalajara-based shrimp farmer Jimmy Urrutia, who is trying to tempt Chinese firms to his property, which adjoins Ocean Garden’s facilities, on Mexico’s… Read More
A stand-off between shrimp farmers and authorities in eastern China has highlighted the pressure on China’s aquaculture sector from the enforcement of stricter environmental laws.
Tighter enforcement of environmental regulations has seen wholesale closures of aquaculture facilities in sensitive shoreline, wetland and reservoir areas around China this year, with a resultant inflationary impact on prices.
After authorities… Read More