Oceana Senior Analyst Daniel Skerritt has warned the WTO Agreement on Fisheries Subsidies, agreed to in June 2022, will only remove a “trivial” amount of harmful fishery subsidies unless further expanded, as promised when the deal was approved.
While acknowledging that the WTO Agreement on Fisheries Subsidies is a “significant achievement, at least politically,” Skerritt said it currently falls short of addressing Target
… Read More
A Beijing-based firm specializing in marine and air navigation systems has launched a subsidiary targeting projects in aquaculture, distant-water fishing, and seedlings for the aquaculture sector.
Hai Ying (Hainan) Technology Co. was established in late August 2022 with a registered capital of CNY 100 million (USD 15 million, EUR 15 million) by Beijing Hailanxin Data Technology Co., which also goes by the English name Highlander. With
… Read More
Shipments of seafood from Alaska to China rose by 9 percent in the first half of 2022, due in part to an increase in yellowfin sole harvests and exports.
Exporters in Alaska shipped 29,654 metric tons (MT) of frozen flatfish sole to China in the first six months of 2022, up 49 percent year-on-year, according to data shared with SeafoodSource by McKinley Research Group, which provides research and consulting services for the Alaska Seafood
… Read More
China has slapped bans on three foreign seafood firms on the grounds of preventing transmission of COVID-19. South Korean firm Asia Cold Storage Co., CV Sinar Tirta from Indonesia, and Vietnamese firm BH Co. have had their licenses to import into China suspended for violating Food and Agriculture Organization guidance on COVID prevention, according to China’s Administration of Customs authority ...
Photo courtesy of Creative
… Read More
Plans to diversify Kiribati’s economy away from a reliance on licenses for fishing access are some way off being realized, and the island needs to keep its focus on fisheries, according to a local tuna fisherman.
Mike Tallarida, a Kiribati captain operating purse seine vessels in the Western and Central Pacific since 1995, told SeafoodSource he believes the local fisheries sector can be sustained at current levels for 30 years or
… Read More
The Seychelles is coaching other island nations in the Indian Ocean on ways to take more action to encourage greater transparency in fisheries-related management decisions.
The Seychelles is working with Madagascar, Mauritius, and Comoros on improving their data-collection and presentation efforts, according to Seychelles Minister for Fisheries and Blue Economy Jean-Francois Ferrari. The move could have consequences for management of regional
… Read More
Aquaculture operators in China's Sichuan province have been badly impacted by power cuts that have come as the result of a worsening drought.
Regional businesses have faced power cuts and malfunctioning back-up generators as a result of the failure of hydropower-generated electricity sources due to low water levels caused by a catastrophic heatwave and drought that has hit China over the past two months.
Faced with power cuts and malfunctioning
… Read More
Investment in China by foreign business has fallen off to an unprecedented degree due to a combination of COVID controls, rising interest rates elsewhere, and heightened geopolitical risks subduing international investment appetite for merger and acquisitions, according to a report from French investment bank Natixis.
Inbound merger and acquisitions deals into Asia fell in first half 2022, both by number of cases and total value, with the
… Read More
Two months of drought and high temperatures have forced some southern and central Chinese cities to ration power to non-residential facilities, with aquaculture and seafood-processing firms facing disruptions to their operations ...
Photo courtesy
… Read More
There has been a notable decline in prices for containers shipped out of major Chinese ports, but the cost of shipping those containers remains high, according to a major seafood exporter.
The average price of a 40-foot container at the Chinese port of Ningbo was down 5.9 percent in July on the previous month, to USD 4,034 (EUR 4,046), according to Container xChange, an online trading and leasing platform. There was a 5.5 percent drop in the
… Read MoreRecent Articles
