The ongoing annual meeting of the National People’s Congress (NPC), China’s parliament, which began on 22 May, has been dominated by discussions on the impact of the coronavirus, which forced the postponement of the meeting from its original dates in March.
But within the corridors of the Great Hall of the People in Beijing, where delegates meet once a year to rubber stamp laws drafted by the Communist Party, delegates from the… Read More
Companies producing omega-3s from seafood inputs like krill oil are having a great year thanks to increased demand for health products, according to an industry insider ...
Photo courtesy of Africa… Read More
The American operations of Guolian Aquatic, China’s leading shrimp exporter and one of its biggest seafood firms, is forecasting a drop of 20 to 25 percent in its earnings from sales in the U.S. due to coronavirus… Read More
Chinese fishing firms are lining up to get distant-water bases built as part of any fiscal stimulus plan being readied by the central government.
One of the projects breaking ground is the Fuzhou Lianjiang National Distant-Water Fishing Base, which is being billed as a CNY 1.5 billion (USD 210 million, EUR 195 million) investment on a 336-hectare site.
“Aside from Rongcheng and Zhoushan, this is one of only three such bases to get official… Read More
A Chinese based fishery firm is exiting cattle-farming to focus on aquaculture and fish-trading after flagging a loss of USD 12.1 million (EUR 11.01 million) for 2019 ...
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China’s economy is weakening, and that could spell the end of the country’s fledgling marine salmon sector.
In April, the CKGSB Business Conditions Index (BCI) registered a score of 42.2, up less than one percentage point from March (41.3), but well below the 50-point mark, which suggests a positive reading. The latest monthly reading of the index, compiled by the respected Beijing business school of the same name, comes with a… Read More
Canadian seafood exports to China decreased by 21 percent in value and by 3 percent in quantity during the first quarter of 2020, relative to the same period in 2019.
“This decline is mainly due to a shift in sales from …
Photo courtesy of Verena… Read More
What’s being billed as the most modern fishing and processing vessel in the world has departed from a Chinese port for a “trial voyage” to the Southern Ocean.
A subsidiary of Chinese marine engineering firm Shanghai Chong He Industry Group (also known as Chong He Marine Heavy Industries Co) – which specializes in “niche” marine equipment such as underwater mining and wind power installation facilities –… Read More
Demand for exotic and endangered fish species has collapsed in Hong Kong due to the COVID-19 pandemic, but the city’s government still needs to do more to improve the control and traceability of reef fish being smuggled in, according to Yvonne Sadovy de Mitcheson, a leading expert in the illegal trade of reef species like wrasse and grouper, which have become increasingly expensive and scarce largely due to demand from the banqueting… Read More