Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Bigeye tuna. (Photo Credit: NOAA)

Chinese govt takes distance from tuna fishing firm

Click on the flag for more information about China CHINA
Thursday, October 16, 2014, 00:50 (GMT + 9)

Authorities in China have decided to distance themselves from the firm China Tuna Industry Group Holdings (CTI), since it is deemed as ‘incompatible’ with China's conservation and management measures.

This move was made after the newspaper Star Times revealed that the Chinese-operated tuna fishing company had breached fishery management rules and ‘seriously misled investors and the international community,’ Stuff posted in its website.

Meanwhile, environmental group Greenpeace -- which had carried out investigation on the firm’s initial public offering’s (IPO) documents -- received confirmation from the Bureau of Fisheries that data on those documents were outdated and inaccurate on the size of tuna stocks, particularly bigeye tuna.

According to a bureau memo dated 30 September, "The bureau has never given approval for CTI to engage in offshore fishing, has not registered their fishing boats with any regional fisheries management organization nor allocated any quota to the company".

Greenpeace East Asia senior business adviser Elsa Lee said the group welcomed China's "strong stand" against the company.

"We are looking forward to China taking stronger measures [...] against the fishing companies to make sure that they are not over-catching the catch limit in the tuna stocks," she said.

Furthermore, Greenpeace also wrote to Deutsche Bank warning its support of the company's IPO risked breaching its own environmental guidelines.

The Western and Central Pacific Fisheries Commission (WCPFC) welcomed the NGO’s steps, since bigeye and yellowfin tuna stocks are under pressure.

WCPFC admitted the Chinese government has been working hard to fix problems in its industry but claimed China will have some explaining to do when it meets with more than 30 countries that will come together in December to review conservation measures.

"I suspect there will be a number of questions raised on the prospectus at the commission meeting in Samoa in December, and I expect that China will have quite a few difficult questions to answer," expressed WCPFC executive director Glenn Hurry.

For its part, CTI has admitted to breaching catch quotas for the most vulnerable species in the Pacific, reported Radio Australia.

In a draft prospectus presented to the Hong Kong Stock Exchange, CTI reported that China had exceeded the catch quotas for bigeye and yellowfin tuna for three of the last four years for which records are available.

However, the Group claimed sanctions were ineffective and that, according to legal advice, it would not be penalised for its actions.

CTI also outlined plans for a public listing that it hoped would raise more than USD 100 million to fund expansion of its activities.

CTI is Cayman Island-registered with a Chinese-flagged tuna longliner fleet under a CTI subsidiary, Dalian Ocean Fishing Company Ltd.
 


[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Germany
Jun 24, 00:00 (GMT + 9):
IN BRIEF - Sticklebacks infected with parasites influence behavior of healthy fish
United States
Jun 24, 00:00 (GMT + 9):
IN BRIEF - Fish wars loom as climate change pushes lobster, cod, and other species north
United States
Jun 24, 00:00 (GMT + 9):
IN BRIEF - Unlikely advocates: Chefs call on Congress to defend sustainable U.S. fisheries
Iceland
Jun 24, 00:00 (GMT + 9):
IN BRIEF - HB Grandi: Changes in management from 1st of October 2018
Norway
Jun 24, 00:00 (GMT + 9):
IN BRIEF - Marine Harvest : Northern Harvest update: No-Action Letter from the Canadian Competition Bureau
South Korea
Jun 23, 03:00 (GMT + 9):
Bluefin tuna farmed in South Korea to reach the market soon
Singapore
Jun 23, 02:50 (GMT + 9):
Aquatech start-up raises USD 8.2 million for research and development
South Africa
Jun 23, 01:50 (GMT + 9):
Green light given to proposed aquaculture project in Saldanha Bay
India
Jun 23, 01:00 (GMT + 9):
New aquaculture complex will help black tiger shrimp industry to bounce back
United Kingdom
Jun 23, 00:50 (GMT + 9):
Young’s Seafood to increase sales to US after deal with Albertsons
United Kingdom
Jun 22, 23:10 (GMT + 9):
Young's Seafood fails to retain Asda significant contract
European Union
Jun 22, 22:50 (GMT + 9):
Spanish tuna fleet offers EC to use responsible fishing standard
United States
Jun 22, 22:30 (GMT + 9):
Maryland to grant USD 375,000 to promote blue crab industry
France
Jun 22, 21:40 (GMT + 9):
Stef expands logistics operations through Express Maree purchase
Canada
Jun 22, 19:40 (GMT + 9):
IN BRIEF - Marine Harvest | Northern Harvest update: No-Action Letter from the Canadian Competition Bureau



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Canary Islands one-by-one tuna fishermen become part of the IPNLF Member network
United Kingdom LONDON - Organización de Productores de Túnidos y Pesca Fresca (Optuna No 42), the non-profit tuna producer organisation based on the island of Lanzarote, in the Canary Islands has becom...
Fishermen affected by hurricanes and fishing disasters to be granted USD 200 million
United States The fishermen that had been affected by hurricanes Harvey, Irma, and Maria in 2017 as well as the firms and communities depending on them will be granted USD 200 million in disaster funding appropriated by Congress.
A quarter of seafood sold in Vancouver is mislabelled
Canada A University of British Columbia study determined that 25 per cent of the tested seafood collected in Metro Vancouver grocery stores, restaurants and sushi bars was not what their labels indicated.
Young’s Seafood to increase sales to US after deal with Albertsons
United Kingdom Six months after launching its brand in the US, Young’s Seafood Limited is announcing further growth with increased distribution, new products and extensions to the existing lines.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER