Editorial commentaries on the domestic and global seafood industry.
A noisy celebration in December marked the setting to sea of two new vessels by Zhuhai Dong Gang Xing Long Distance Fishing Co. Zhuhai, a city of 1.5 million residents bordering Macau and Hong Kong. The two 51-meter-long seine-net vessels will fish off the coast of Mauritania and will soon be joined by six other vessels under construction.
Zhuhai Dong Gang, which was licensed in 2016 by China’s Agricultural Ministry to operate in Afri… Read More
AquaBounty, the controversial U.S. firm that has figured out how to make Atlantic salmon grow faster through genetic engineering, continues its march toward widespread distribution of its salmon.
On 12 January, it issued an underwritten public offering that is expected to raise USD 12 million (EUR 9.9 million). The company said the new funding will help it build and operate more production facilities in the United States.
The company&r… Read More
An upcoming decision on how to handle expiring crab quota contracts by Russian President Vladimir Putin has the potential to make or break the industry.
Since 2004, Russia has allocated its crab quotas through 15-year contracts based on a company’s historical catch. The first of these contracts are set to expire in 2019, and rumors swirling in the industry have some Russian crab company executives concerned that Putin may opt to return the … Read More
There will be some who’ll challenge some assertions made by online retailer JD.com recently as it launches what it claimed as the country’s “first high-end grocery chain.”
Serving up salmon, lobster and crab, the new 7FRESH grocery chain is JD.com’s venture into a space already serviced by two other big Chinese Internet players, Alibaba and Tencent.
JD isn't new to the grocery scene, as has been offering fresh … Read More
A technical paper just released by FAO explores ways in which countries involved in seafood supply chains can contribute to maximizing the effectiveness of catch documentation schemes (CDS).
The report details how countries can use their status as coastal, flag, port, processing, or end-market states to promote and support sustainable fisheries management.
Written by Gilles Hosch and Francisco Blaha, “Seafood traceability for fisheries comp… Read More
News keeps pouring in from China.
The latest trade deal. Environmental crackdowns. State-of-the-art fishing vessels being put to sea.
With so much to follow, it can be hard to see the bigger picture in the world’s most populous country.
Here are 10 of the biggest trends affecting seafood commerce in China moving into 2018 and beyond. … Read More
Often overlooked in the global marketplace, Latin America and the Caribbean may be worth a second glance after the Food and Agriculture Organization (FAO) estimated that the region will see the fastest increase in per capita fish consumption within the next 10 years.
According to “The State of World Fisheries and Aquaculture, 2016,” consumption of fish is expected to grow in Latin America and the Caribbean by 22 percent between 2015 a… Read More
As usual on 4 January, the first tuna auction of the year was held this year at Japan’s Tsukiji Fish Market. And as usual, a shockingly high price, JPY 36.45 million (USD 323,311, EUR 267,798), was paid for the best and biggest Pacific bluefin tuna.
This is a publicity stunt, designed to cement the fish’s place as a coveted luxury food. It also gets the high bidder in the national and international press. So the price paid is no… Read More
India’s government has been putting more focus lately on enhancing marine production and empowering fisherman, but a newly published report shows that the sector is drastically underinsured.
The government’s Central Marine Fisheries Research Institute (CMFRI)’s study noted that insurance coverage was poor across India’s marine fisheries and aquaculture industries, and pointed out that the sector’s insurance coverage … Read More
Winter temperatures are luring hungry diners to warm broths and more substantial - and potentially risky - seafood fare.
While crab hotpot is a popular New Year holiday favorite in Japan, “techiri-nabe,” or blowfish hotpot, runs a close second.
“Fugu,” in Japanese, goes by various names in English, including blowfish, pufferfish, globefish and swellfish. In Japan, it is famous not only for its delicate taste, but also for… Read More