China Ocean Group Development Co. has signed on to build a sizeable pelagic fisheries base in Ecuador, SeafoodSource reported this month. The distant-water fishing firm recently signed a memorandum of understanding with Mercado Común Del Sur (Mercosur), as a number of other corporate executives, government officials, researchers, and retired diplomats looked on at the Sheraton hotel in Shenzhen. Paul Penaherrera, Ecuador’s commercial counselor in Guangzhou, who also heads the local office of export promotion agency Pro Ecuador, said that the base still requires approval from the Ecuadorian government. He also noted that the company has not yet detailed which species it will focus on. “It’s not approved by government,” Penaherrera said. “The company is planning to present proposals to [Ecuador’s] government to see if it will be approved or not.” China Ocean Group Development Co. stated in a filing to the Hong Kong Stock Exchange that it will send 100 vessels to Ecuador and build the base in Manta, which is regarded as a hub of South America’s tuna-fishing industry. “Pursuant to the memorandum, the parties intend to build a deep-sea fishery base in Manta, Ecuador, which shall include offshore fishery docks, breeding, cold storage, processing plants, logistics, comprehensive supplies, maintenance and repair of fishing vessels, training and research of the fishing industry, and logistics trade, the company will organize a total of 100 fishing vessels to go to Ecuador and Colombia and other countries to carry out fishing,” the filing stated. The plans for the base arise after tensions simmered between Ecuador and China this summer, in the wake of the latter’s squid fleet encroaching upon Ecuador’s waters. Due to the way that China Ocean is structured – it is listed in Hong Kong and registered offshore – it does not to come under mainland China’s pledged effort to limit the size of its fleet. Source: https://www.seafoodsource.com/news/supply-trade/chinese-distant-water-firm-to-build-fishing-base-in-ecuador?mkt_tok=eyJpIjoiWTJRMk16WTVNR0V6WVRSayIsInQiOiJ4VFJ4RmxHXC9TbDBBRFdpTDJGOEF1a2ZWOW91ZGdsKzYxWGplT1FYdHphVDNRYWI4UEU5VHdVTVl5UGo4NldkaXhGaXUxSWQ1OGNiZ3ZcL1VXU2E1VFk0czE1N1wvelNJTDBLUkFiWjVrUVZQREFBZndISHg3eFM5WjljWFlwU3dxNiJ9
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Octubre 2022
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