Leading Chinese aquaculture feed producer Guangdong Haid scored revenues of CNY 60.4 billion (USD 9.6 billion, EUR 7.85 billion) in 2020, up 27.3 percent year-on-year ...
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Guolian Aquatic is projecting a loss of between CNY 165 million (USD 26.4 million, EUR 21.4 million) to CNY 235 million (USD 37.6 million, EUR 30.5) for 2020, blaming weaker demand from China’s catering as a result of the COVID-19 pandemic ...
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Kazakhstan has signaled its intent to greatly expand its aquaculture sector, and has created a new Fisheries Committee inside the country’s Ministry of Ecology, Geology, and Natural Resources to lead the effort ...
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A Chinese seafood restaurant chain has opened more than 1,600 outlets over the past three years, following a successful drive to recruit franchisees in the country’s northern rust belt provinces.
Hai Xian Yu Shang Mian aims for the mass market with dishes like shrimp noodles and fried squid at costs averaging CNY 27.00 (USD 4.05, EUR 3.50). The company has grown by focusing on northern regions, where incomes are lower but economic growth… Read More
Seafood exporters are predicting a recovery in the Chinese seafood market this year after a bruising 2020.
China’s economic outlook improved last week, after it reported overall GDP growth of 2.3 percent for 2020, after a strong recovery in the fourth quarter. The country has weathered the last year better than most large Western economies, which spent far more on support to laid-off workers, compared to a Chinese emphasis on virus control… Read More
China has criticized what it called Australian interference in a Chinese fisheries investment in Papua New Guinea.
The People’s Daily newspaper, the official paper of the Chinese Communist Party, printed what it said were comments made on Facebook by a Papua New Guinean official claiming Australia sought to get the island to withdraw from an agreement signed with Fujian Zhong Hong Yu Ye Co, a Chinese fishing company. The company had… Read More
China’s seafood market is facing increased turbulence and uncertainty at the onset of what is usually its busiest period, the run-up to Chinese New Year, which falls on 12 February.
“The market is up and down” following a rash of new COVID-19 outbreaks, which has resulted in the key port city of Dalian going into lockdown, according to an executive from a leading importer.
The lockdown has entailed the “closing of Dalian… Read More
Two tuna-fishing vessels have been seized in Vanuatu after being accused of engaging in illegal, unreported, and unregulated (IUU) fishing activities.
The Dong Gang Xing 13 and Dong Gang Xing 16 – both built by a major Chinese tuna firm in 2018 and currently registered to the Zhuhai, China-based company Zhuhai Donggangxing Ocean Fishing – have been remanded into custody after being found allegedly fishing illegally in Vanuatu’s… Read More