Financial problems are slowing China’s planned expansion into Antarctica’s krill fishery.
Rising costs are among the reasons for the shelving of plans for krill trawlers by various Chinese fishery firms. At one point, 15 Chinese companies had plans to build krill trawlers, among them Pingtan Marine, which later canceled its plan for a krill vessel.
In 2019, Shanghai Chong He Industry Group – also known as Chong
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China has confirmed it will sign a free-trade deal with El Salvador, which could see Chinese investments flowing into the Latin American’s country seafood sector.
The country’s ambassador to China, Aldo Álvarez, said earlier this year that Chinese companies were keen to invest in the fisheries sector in El Salvador, a central American country in the South Pacific.
“They’re interested in seafood. We don’t have
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Shanghai, China-based food-delivery service Pang Pang Xiang (China) Co. has filed for an initial public offering on the Stock Exchange of Hong Kong.
The company hopes to reverse the fortune of other China-based food-delivery companies, including Missfresh and Dingdong Maicai, which have seen their valuations plummet after going public.
It remains to be seen what if any investor appetite appears for Pang Pang Xiang shares if the IPO
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Irish fishing representatives are demanding that the European Union refuse Norway’s request for greater access to Irish quota for blue whiting.
Irish fishery industry bodies claim Norway is pushing the E.U. to increase a transfer of quota by 158 percent to 80,000 metric tons. Irish Fish Processors and Exporters Association CEO Brendan Byrne termed the fish a valuable export-oriented species “concentrated in Irish
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Chinese online retailer JD.com lifted its sales of frozen seafood by 102 percent year-on-year in value terms during the first 28 hours of its 2022 Singles Day Grand Promotion.
The shopping holiday, the Chinese equivalent to the popular U.S. and European shopping extravaganzas known as Black Friday and Cyber Monda, began 11 November.
China’s e-commerce vendors have benefitted from the country’s zero-COVID policy, which has pushed more
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Recent pricing data suggest that China’s demand for seafood remains weak.
Average seafood prices rose by 2.8 percent year-on-year in September, according to China’s National Bureau of Statistics. That’s the same rate as the increase in the overall consumer price index but well below the overall rise in food price inflation, at 8.8 percent, driven largely by a surge in pork and vegetable prices.
China’s CPI rose 2 percent
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Fuzhou, China-based distant-water fishing firm Pingtan Marine Enterprise is struggling to get the price of its share back up above the minimum of USD 1.00 (EUR 0.96) required to remain listed on the Nasdaq Stock Exchange.
Pingtan, which has been repeatedly sanctioned by the Nasdaq Stock Exchange for late publication of its results and inadequate reporting of corporate activity, now has until 24 April, 2023 to comply with Nasdaq's
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Xinjiang Tianyun Organic Agriculture Co. has purchased and imported over 1.6 million seedlings from Denmark for its operations in far western China.
The aquaculture and processing firm, based in Yili, China, near the border with Kazakhstan, made the announcement in a statement to Chinese media, but didn’t name the Danish firm supplying the seedlings. The company’s CEO, Zhang Yu Ru, told SeafoodSource in January 2021 the
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China’s seafood trade has expanded through Q3 2022, according to the latest data from Chinese customs authorities.
Chinese seafood exporters have been battered in recent months by weakness in demand from key Western markets, which are struggling with inflation. China’s overall exports to the U.S. fell 13 percent in October, the third consecutive month of declines, while its overall exports to the European Union dropped 9 percent
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The owner of a Chinese distant-water fishing company with operations in Mauritania has said he plans have his company expand into Indonesia and Oman.
During a press conference called to coincide with the recent congress of the Communist Party of China, Fuzhou Hong Dong Fishery Chairman Lan Pingyong told reporters he was following the lead set by the Belt and Road Initiative (BRI), a foreign policy and developmental blueprint announced
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