China is pushing a major expansion of its mariculture sector as a valuable technology export opportunity and a fix for domestic food security issues.
The municipal government of Yantai in the key aquaculture region of Shandong recently announced it will build “50 demonstration zones for deepwater mariculture” over the next five years. Sun Chenglie, a researcher at the Yantai Ocean Development and Fishery Bureau, recently said at a
… Read MoreSeveral fisheries experts in developing countries have described what they see as the hypocrisy of industrialized countries demanding developing nations cut subsidies to their fisheries at ongoing World Trade Organization talks.
Azim Premji University Visiting Professor John Kurien, an expert in small-scale fisheries who supports a more-expansive WTO deal on fisheries subsidies, said countries with large fleets bear a particular historical
… Read MoreChina may have avoided a second Covid wave since it rolled back its zero-Covid policy in November 2022, but for many Chinese consumers, health issues are still preeminent in their food-shopping decisions.
Covid lockdowns heightened Chinese consumers’ appetite for functional, health-focused seafood products, according to Dmitri Sclabos, an adviser to several Antarctic krill firms selling into China. He noted strong digital sales and a
… Read MoreNearly six months on from China dropping its zero-Covid policy, consumer spending on seafood has risen, but not by as much as some experts had expected.
China’s consumer price index rose just 1 percent in February 2023, while producer prices fell 1.4 percent, suggesting demand for goods in the domestic economy remains tepid even as China’s exports have faced weaker demand from Western markets beset by inflation.
China suffered a
… Read MoreThe flow of aquaculture technology and investment dollars into and out of China has shifted as the country has undergone a shift from a producer nation to a net importer of seafood.
China’s seafood industry has struggled in its efforts to expand abroad through acquisitions, but its overseas investments in greenfield projects in developing nations have found more success.
Bangkok, Thailand-based American consultant Lukas Manomaitis, who has
… Read MoreA tough year for Joyvio Food has put the spotlight on China’s foreign direct investment in seafood assets.
The firm, which owns Chilean salmon producer Australis Seafoods, saw its stock price fall by 20 percent in February, when the firm flagged large losses due to a softening of Chinese demand for salmon as well as a rise in input costs and a jump in the interest rates on Joyvio’s debt repayments. Composite feed costs at Joyvio
… Read MoreWorld Trade Organization negotiators are returning to the difficult issue of setting rules on subsidies that lead to overcapacity and overfishing in the world’s oceans.
Negotiators are meeting 20 March for the first in an effort to extend last year’s WTO agreement partially limiting harmful fisheries subsidies. Just three nations have thus far ratified the agreement, including the Seychelles on 10 March, with two-thirds of WTO
… Read MoreEfforts to reduce illegal fishing through improved transparency and monitoring will have to be matched with increased funding for enforcement by poorer coastal states, according to the head of a program helping detect illegal, unreported, and unregulated (IUU) fishing in several regions.
The increased capacity of monitoring systems has made detection of illegal fishing more doable “but funding is badly needed to help coastal nations act on
… Read MoreNorway Fisheries State Secretary Vidar Ulriksen snaps back against complaints of Irish organizations
Brexit appears to have added to tensions in the busy fishing waters in the west Atlantic, with tempers rising intalks between the European Union and Norway and a rise in enforcement actions by Irish authorities against British vessels.
Data provided to SeafoodSource by the Sea Fisheries Protection Authority (SFPA), a state agency that monitors all vessels operating within the Irish exclusive economic zone with the support of the Irish Naval
… Read MoreIreland is taking a harder line on E.U. vessels entering its waters, with the Irish navy recently detaining a Spanish trawler, the Pesorsa Dos, for fishing offenses in Irish waters, including leaving nets in the water longer than the time permitted under E.U. rules.
After the deal on Brexit, which according to Irish fishing groups resulted in Ireland ceding 40 percent of its E.U. fishing quota to the U.K., there are signs that Ireland is taking
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