Mark Godfrey

Several major seafood firms in southern China appear to be caught up in a crackdown on tax evasion.

The investigation is centered around some well-known names in the Chinese seafood sector in Guangdong province, with customers also helping Chinese police and tax authorities with their inquiries, according to a China-based seafood trader shipping seafood to international buyers.

The trader, who has been a reliable source of information on the

The Solomon Islands Fisheries and Marine Resources Minister Nestor Giro signed a memorandum of understanding with the head of state-owned China National Fisheries Corp. (CNFC) during a visit to Beijing on 16 May. 

The MoU will “allow CNFC to invest in [the] Solomon Islands in areas of mutual interest,” according to a Solomon Islands government statement. While the MoU dodges specifics, the aim from the Solomon Islands is to

The free trade agreement (FTA) signed on 11 May by Chinese Minister of Commerce Wang Wentao and Ecuadorian Minister of Production, Foreign Trade, Investment, and Fisheries Julio José Prado has received a positive response from Chinese seafood distributors, but there are worries among other involved parties that the deal may skew largely in China’s favor.

Bilateral trade between Ecuador and China grew to a record USD 13 billion (EUR

Chinese fishing company Dalian Ruitaifeng is sending three recently refurbished vessels to Guinea as part of an expansion of its operations in the West African nation.

Dalian Ruitaifeng launched the three vessels and what the company described as a “new dragnet trawler with onboard freezers.” The company told Chinese state-owned media that the vessels would fish for cuttlefish, horse mackerel, and hairtail, as well as grouper for

The opening in late April of a large sea leisure facility on the island of Hainan could be a sign China’s seafood market is rebounding.

The state-owned China Railway Construction Group built the Yazhou Central Fishing Port, what some have termed Hainan’s “largest sea leisure center.” The facility includes a 29,647-square-meter seafood trading center with a hotel, a shopping street, and restaurants featuring fresh seafood

Chinese seafood processor and convenience seafood distributor Xianmeilai Food Co. is once again going for an initial public offering.

This is the third time Xianmeilai Food has filed for an IPO on the stock market listing in Shanghai Stock Exchange, following unsuccessful attempts in 2021 and 2022. The privately owned company is seeking to raise CNY 600 million (USD 96 million, EUR 84 million) to expand its distribution and logistics network as

In response to the recently transpired May Day holiday, China's government sought to unleash domestic tourism spending by lowering airline fuel surcharges and offering various subsidies to catering and travel companies.

The number of inquiries and bookings for domestic and international travel have increased significantly within the past two months, according to China Daily.

Thailand, long a major destination for Chinese visitors, who are avid

The International Finance Corporation (IFC) has stepped in to help Vietnam-based insect feed producer Entobel to reach scale in what could be a decisive boost of confidence in a sector facing worries over costs and scale of production.

A World Bank entity focused on supporting the private sector, the IFC is helping Entobel build what will be the region’s largest insect meal plant to date in the Vung Tau province of Vietnam. Neither Entobel

A European Union ban on seafood from Cameroon is prompting local fleets to look toward China for investment, according to Edwin Ngwafor, who is the director of Timezone Marine Ventures, a Yaoundé-based firm with a permit for 40 vessels.

Ngwafor, who is also the deputy managing partner at a Cameroonian law firm, wants to attract a Chinese partner who can bring money and expertise to a joint venture project that would aim to sell species

On 28 March, Irish police raided the offices of a fishing company in County Donegal, in the northwest of the country, on the basis of information that the firm had paid bribes to an African leader for access to fishing rights.

Gardai have disclosed neither the name of the company in question nor the African country, but this type of investigation could be the first of many due to the rising value of continually scarce wild fish stocks, according