Mark Godfrey is an Irish journalist covering the agriculture and fisheries sectors in Asia, with a focus on China. Proficient in Mandarin, he has frequently traveled across China's fisheries and aquaculture regions and learned the inner workings of China's corporate world during a nearly three-year stint at the Financial Times' “China Confidential” publication. He has also reported widely across Southeast Asia and the former Soviet Union. He has educational certificates in agriculture and food science, as well as Mandarin.
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An arbitration court in Hong Kong has decided against China Ocean Group Development Co. in its dispute with COFCO Capital (Hong Kong) Co. over an alleged breach of a bond-subscription agreement.
COFCO initiated arbitration proceedings with the Hong Kong International Arbitration Centre (HKIAC) against China Ocean Group, as well as company executives Liu Rongsheng and Liu Yi, in 2021. COFCO, a state-owned company, had purchased bonds that
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Zhanjiang Guolian Aquatic Products has signed a strategic cooperation agreement with Tandes, Surabaya, Indonesia-based Bumi Menara Internusa that will see the two firms cooperate on shrimp sourcing and processing.
The agreement was one of several signed by Guolian at a recent exhibition of food ingredients targeted at the e-commerce sector in China. Guolian also signed a strategic cooperation agreement at the event with JD.com, a popular online
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Chinese and global seafood demand remains weak and will remain soft through 2024, the listed arm of Chinese state-owned tuna and squid fishing firm CNFC Overseas Fishery said in its 2023 results.
CNFC posted a loss of CNY 118.1 million (USD 16.3 million, EUR 15.2 million) in 2023, down from a profit of CNY 158.6 million (USD 21.9 million, EUR 20.4 million) in 2022. Released 25 March, the company’s annual report revealed the company
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The collapse of China’s real estate sector has caused investors to look elsewhere for returns, and more are turning their attention to the country's aquaculture sector.
Chinese consumers are increasingly favoring premium seafood, and the country's industrial base has responded to the shift by pouring millions into the development of state-of-the-art aquaculture facilities.
Most recently, state-owned China International Marine
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