There are very different and contradictory ambitions motivating the key players in the current World Trade Organization negotiations on a deal that would end harmful fisheries subsidies.
Those differences will have to be squared before any deal emerges out of the talks, which have been held over more than 20 years, and which are set to resume on 18 January, 2021.
While all member states at the WTO say they’re committed to a deal on ending… Read More
CNFC Overseas Fishery Co. Ltd., the listed arm of China National Fisheries Co, is using a stock market bull run to raise over CNY 400 million (USD 60 million, EUR 52 million) cash for new tuna vessels and processing capacity ...
Photo courtesy of CNFC Overseas Fishery Co.… Read More
Two new recirculating aquaculture system (RAS) salmon-farming projects backed by Norwegian firms are set to be launched in the coming year in China.
Stavanger, Norway-based Norsal appears to be the first major foreign venture into the salmon farming business in China since Canada-based AgriMarine commenced on-land farming of steelhead in China a decade ago. Earlier this month, the company announced its intention to build a RAS… Read More
Executives from Pingtan Marine Enterprise Ltd. have had their travel visas revoked as part of an escalation in U.S. sanctions against China.
Fuzhou, Fujian Province, China-based Pingtan Marine is a distant-water fishing firm operating globally, listed publicly on the NASDAQ Stock Exchange.
On 7 December, the U.S. Department of State issued a notice on Twitter that it had taken action against officials from the company for alleged involvement in… Read More
A fishery base planned by a Chinese fishing firm hasn’t yet received approval from the Ecuadorian government to build a giant fishery base, according to Ecuador’s commercial counselor in Guangzhou ...
Photo courtesy… Read More
A Chinese distant-water fishing firm has signed an agreement to build a fisheries base in Ecuador, despite tensions between the two countries this summer after a Chinese squid fleet encroached on the country’s waters.
China Ocean Group Development Co. has signed a memorandum of understanding with Mercado Común Del Sur (Mercosur) to build a pelagic fishery base in Ecuador. China Ocean Development Group Chairman Liu Rongsheng was… Read More
Taiwan has the second-largest long-distance fleet in the world, and plays a central role in the international supply chain for fisheries products.
But in recent years, its distant-water fleet has been accused of human rights offenses, tainting its reputation. According to Greenpeace and other NGOs concerned with labor issues in the global fishing industry, Taiwan’s tuna-fishing firms, and major Western buyers, aren’t doing enough to… Read More