A Singapore-based firm is seeking funds to build what it believes will be the world’s first specific pathogen-free hatchery.
Desmond Chow, CEO of Singapore Crawfish Pte Ltd, has the goal of producing up to 300,000 crayfish fries per day to satisfy growing regional demand for the crustacean. Chow has filed for patents for an automated system to effectively separate the crayfish adults from their craylings, or eggs. The system also boasts a… Read More
Chinese distant-water fishing firms are stepping up their international recruiting as they fail to compete for domestic labor on wages.
The latest China Fisheries Yearbook, based on 2019 data, shows declining numbers of workers in the fisheries sector, even as incomes rise. Per capita income for fishermen rose by 6.15 percent in 2019 to CNY 21,108 (USD 3,377, EUR 2,744) – up considerably on the figure for 2015, which was CNY 15,594 (USD… Read More
Janni Zhong is director of the overseas business division at Fujian High Fortune Bio-Tech, based in the Fuqing Export Processing Zone, in Fuzhou, China. The company is a a fishmeal trader with a fish oil refining plant, and it has a GMP plant for omega-3-related products, including for uses in the healthcare industry. Its clients are in the human consumption and healthcare industry, as well as in the aquaculture, aquafeed, and pet food… Read More
A Greenpeace report that will be published later this year details food security issues caused by the fast-growing fishmeal industry in West Africa.
The report will detail the value chain and chain of custody of the African fishmeal industry, claiming the sector’s growth is being fed by overfishing and other unsustainable practices, according to Ibrahima Cisse, the Senegal-based Senior Oceans Campaign Manager at Greenpeace Africa. Those… Read More
Two of New Zealand’s largest seafood companies have had shipments flagged by Chinese Customs.
China has temporarily blocked all imports of products from Sanford Ltd.’s Havelock mussels processing facility and Sealord Group’s Nelson facility that processes finfish and fishmeal for animal feeds, New Zealand’s Ministry for Primary Industries (MPI) said in a statement.
The suspension was due to “issues around the… Read More
The Chinese government’s effective measures to contain the spread of COVID-19 will lead to further GDP growth this year but the cancellation of some Chinese New Year celebrations will drag down consumer spending, according to Alicia Garcia Herrero, Asia economist at the Hong Kong offices of French investment bank Natixis.
Business and consumer sentiment has been dented by new containment measures before the Chinese New Year, but an… Read More
A Chinese firm has secured the first Best Aquaculture Practices (BAP) certification for a yellow catfish farm with support from the US Soybean Export Council.
Liyang Qianmatang Chenqiang Special Aquaculture Co. Ltd uses the in-pond raceway system (IPRS), developed and promoted globally by the U.S. Soybean Export Council (USSEC), at its yellow catfish (Pelteobagrus fulvidraco) farm in Jiangsu Province.
Last year, the firm partnered with USSEC and… Read More
China’s leading vendor of fruit and vegetables is launching an ambitious foray into salmon and shrimp aquaculture.
The Haisheng Group, which is publicly listed on the Hong Kong Stock Exchange, is looking at investing CNY 5 billion to CNY 10 billion (USD 800 million to USD 1.6 billion, EUR 1.3 billion to EUR 650 million) in 15 to 20 aquafarming facilities across China by 2030, the company told SeafoodSource.
After detailed research into… Read More
New Zealand Wild Catch Limited has reached an agreement with leading Chinese traditional medicine retailer Beijing Tongrentang for exclusive sales of dried and instant sea cucumber in New Zealand. One of the largest global retailers of traditional Chinese medicine, Beijing Tongrentang has eight stores in Auckland, New Zealand.
Chinese buyers are using sea cucumber as a home remedy to prevent infection from COVID-19, New Zealand Wild Catch… Read More
Two investment banks and a financial executive have been hit with heavy sanctions by Hong Kong regulators for his role in the attempted listing of a seafood company on the city’s stock exchange in 2017.
Hong Kong’s Securities and Futures Appeals Tribunal (SFAT) recently affirmed a decision of the Securities and Futures Commission (SFC) to ban Lai Voon Wai, a former responsible officer of CCB International Capital Limited (CCBIC) and… Read More