The new director-general of the World Trade Organization (WTO) has emphasized her commitment to getting a deal done on ending fishery subsidies.
Ngozi Okonjo-Iweala, a trained economist and former government minister in Nigeria, was appointed as WTO director-general in February.
On Monday, 1 March, Okonjo-Iweala addressed the media in front of WTO headquarters in Geneva, Switzerland, speaking beside an ice sculpture in the shape of a fish placed… Read More
Norwegian marine engineering firm AqualisBraemer has signed a memorandum of understanding with a major Chinese research institute, finding a market for its expertise in China’s expansion of its offshore aquaculture industry.
Photo courtesy of… Read More
The leading player in China’s seafood snacks industry is desperately trying to recover from a hammer-blow dealt to its sales by the COVID-19 pandemic.
Xiamen-based China Shenghai Group Ltd. (formerly Shenghai Food Holdings Company Limited) has changed its logo as it seeks to recoup sales lost due to the country’s COVID-19-related lockdown last year, which resulted in lower sales and a sharp drop in its share price.
A major buyer of… Read More
Singaporean upmarket seafood restaurant chain Jumbo Group appears to have U-turned on its targeted expansion in China to focus on its home market.
Jumbo permanently closed a high-profile branch in Shanghai’s Raffles City mall during the COVID-19 lockdown. The firm still operates three Jumbo Seafood Restaurant outlets in Shanghai, as well as one in Beijing and Xi’an, and two in Fuzhou. The firm also operates other brands in China and… Read More
The COVID-19 pandemic has taken its toll on Hong Kong’s seafood trade, but the city retains an outsized role in Asia in promoting more sustainable consumption of seafood. With the second-highest per capita seafood consumption levels in Asia (and eighth-highest globally), the city’s role as a free port and trading hub for the mainland Chinese market also makes it a prime location for changing purchasing habits in greater China.
A… Read More
A major Chinese distant-water fishing and seafood supply chain management firm is blaming COVID-related restrictions and checks at Chinese ports for losses it recorded in the last nine months of 2020.
China Ocean Group Development Limited told investors in a statement that increased “mortality” and “spoilage” of its fish at Chinese ports caused it significant losses. According to the statement, “the group expected… Read More