Luhai Feng inks deal for Qingdao seafood trading center
Two major state entities have joined with one of China’s leading distant-water fishing firms to build what could become China’s largest seafood trading and logistics park.
First announced five years ago, the North China International Seafood Trading and Logistics Center will incorporate auction houses, processing plants, shipyards, and tourist facilities, including markets and dining facilities when it’s completed.
Qingdao-based Luhai Feng has signed a deal with China Overseas Holding Group and the Qingdao Rural Commercial Bank to build the project, which has been several years in gestation. China Overseas Holding Group is a major state entity in building and operating real estate globally.
Earlier in September, Luhai Feng launched six new purse-seine vessels which have gone to fish tuna in the waters off Mauritius. Costing CNY 300 million (USD 43.8 million, EUR 37.2 million) the vessels are the most modern of their size in China and each have the capacity to catch 7,000 metric tons per year.