Two major state entities have joined with one of China’s leading distant-water fishing firms to build what could become China’s largest seafood trading and logistics park.
First announced five years ago, the North China International Seafood Trading and Logistics Center will incorporate auction houses, processing plants, shipyards, and tourist facilities, including markets and dining facilities when it’s… Read More
Virus-related quarantine issues have caused a 45 percent fall-off for sales of French oysters in China thus far in 2018. But that hasn’t slowed Chinese demand for oysters from Europe, according to two executives from Majestic Oysters, a County Donegal, Ireland-based company.
Established to satisfy growing demand for oysters in Greater China, the Majestic Oysters brand is now benefitting from the resulting fall-off in supply from France.… Read More
A gold-colored sea cucumber from New Zealand is proving a winner for a China-focused exporter of wild seafood who hopes to certify the species as organic.
New Zealand Wild Catch Limited, which holds approximately half of New Zealand’s national quota for wild sea cucumber catches, is marketing the new catch as part of its focus on China’s high-end market for sea cucumbers, according to CEO James Parfitt.
“Things are going… Read More
Expanded cold storage facilities are giving larger Chinese fishing firms the edge over smaller rivals during the longer Chinese fishing moratorium.
This year, China barred vessels from fishing its coastal waters from May through September, in response to increased attention toward conservation at home. The country’s authorities have also enforced the ban with a new vigor.
As a result, China’s fishing companies have intensified their… Read More
James O’Donnell runs the Shanghai office of Bord Bia, the Irish food promotion board. He talked to SeafoodSource on the sidelines of the 2018 Seafood Expo Asia in Hong Kong about current market conditions in China, how his office targets marketing of Irish seafood to Chinese consumers – and also about the need for a tighter supply chain in China to deliver a larger share of currently strong prices back to the Irish seafood supplier.… Read More
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