Go fish: China to deliver world's first salmon-farming ship, modernising fisheries
China is building the world's first ship dedicated to salmon farming, and it is set to be delivered in June, in a sign of the country's latest efforts to reduce its reliance on imported seafood through offshore aquaculture.
The nearly 250-metre (820-foot) Su Hai No 1 vessel, built by Huangpu Wenchong Shipyard in Guangzhou at a cost of 600 million yuan (US$83.6 million), is expected to produce up to 8,000 tonnes of salmon annually, according to the shipowner, Jiangsu Lianshen Marine Technology.
'This is a milestone for China's high-quality development in modern marine fisheries, signalling that the country's seafood market will significantly reduce its reliance on imported chilled salmon,' the company said.
Unlike traditional offshore net-pen systems, the vessel can quickly relocate to safer waters to avoid adverse conditions such as typhoons and harmful algal blooms. It also features an onboard processing facility capable of delivering fresh, processed salmon to some domestic markets as quickly as 24 hours.
Beijing has emphasised the importance of developing the ocean economy and strengthening the nation's food supply by building a 'marine breadbasket', as the government prioritises food security amid global climate change, geopolitical shifts, and trade tensions with the West.
Ahead of next month's delivery, the Su Hai No 1 is undergoing adjustments at the shipyard following a trial voyage in late April, the company said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
40 minutes ago
- South China Morning Post
From AI to chips: China courts private tech firms to help drive next 5-year plan
China has signalled growing support for the private sector, as the head of the government department that oversees economic reform sat down with representatives of the tech industry to gather input ahead of Beijing's next five-year development blueprint , analysts said. Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), met leaders from five private enterprises to 'gather opinions and suggestions for the scientific formulation of the '15th Five-Year Plan', with a focus on technological innovation', according to a statement published by the NDRC on Tuesday. Zheng said private enterprises could play a crucial role in helping Beijing formulate its next plan, which will cover the years 2026 to 2030. The private sector 'possesses strong innovation momentum, great potential and abundant vitality', he added, making private companies 'a key force in developing new quality productive forces'. Since the start of the year, the Chinese government has struck an increasingly private-sector-friendly tone. In February, President Xi Jinping held a rare high-level meeting with business heads – the first since 2018. In May, a new private sector law came into effect, promising fairer market competition, equal market access and stronger legal protections. Peng Peng, head of the Guangdong Society of Reform, a think tank affiliated with the provincial government, said the 15th Five-Year Plan would 'focus on technology and innovation as engines [for development], which means it needs to promote new and future-oriented industries.' 'Private companies have a lot more advantages in this regard. They are the key driving force in innovation.'
The Standard
an hour ago
- The Standard
China, Africa ask US to return to 'right track' on trade differences
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. REUTERS/Carlos Barria/File Photo
South China Morning Post
an hour ago
- South China Morning Post
China may let Hong Kong-listed firms raise funds in Shenzhen via ‘H + A' IPOs
New Chinese government guidelines allowing Hong Kong-listed companies to seek secondary share listings in Shenzhen could help these companies expand on the mainland while potentially encouraging more Hong Kong share offerings, according to analysts. Unveiled on Tuesday by the Central Committee of the Communist Party and the State Council, the guidelines allow mainland companies with Hong Kong-listed shares (known as H shares), to issue A shares, or yuan-denominated shares, on the Shenzhen Stock Exchange – a reversal of the so-called A + H pathway that mainland-listed companies can use to add dual listings on the Hong Kong exchange The guidelines did not elaborate on which companies would be eligible for H + A listings or the required procedures. The new opportunity would diversify fundraising options for businesses within the Greater Bay Area , the economic region including Hong Kong, Macau and nine cities in Guangdong province, said Wilson Chan Fung-cheung, adjunct professor at City University. It would 'allow businesses within the [bay area] to raise new funds to expand their operations in mainland China, where their brands are more widely recognised', he said. The dual-listing scenario could also tempt more businesses to seek listings in Hong Kong, as a single application could allow them to offer shares in both markets, said Kenny Ng Lai-yin, a strategist at Everbright Securities International in Hong Kong. The new regime could exclude some listed companies, including Tencent Holdings , that use a structure that disallows mainland listings. Many Chinese companies listed in the US and Hong Kong use the set-up, known as the variable interest entity structure, to circumvent Chinese restrictions that prohibit foreign investors from holding assets in certain sectors such as the internet and telecommunications.
