Known as the “city of prawns”, Zhanjiang is determined to live up to its name. Major aquaculture companies are developing new seafood farms to cater for rising demand in China and across the Belt and Road economies…Full Article: China Daily Nov 2017

Key Points

  • China produces approximately 1.4 million of prawns per year and annually imports ~800,000 MTs.
  • According to the Secretary-General of the Zhanjiang Association of Aquatic Products Import and Export, China’s prawn demand annually totals approximately 1.2 million MTs, while it annual exports total roughly 1 million MTs. Zhanjiang, Guangdong Province, annually produces 178,000 tons of prawns from aquaculture farms (~3,000 sq. km. in area). Recently, the number of prawn aquaculture farms in Zhanjiang have declined from 430 farms to 250 farms owing to environmental problems.
  • By the end of 2017, Guangdong Evergreen Group plans to open its second seafood processing factory in Vietnam. The second factory will have an annual production capacity of 80,000 MTs.
  • Founded in 1998 and headquartered in Zhanjiang, Guangdong Province, Guangdong Evergreen Group is a seafood company whose produce line includes prawns, shrimps, and fish. The company helped develop Egypt’s first aquaculture industrial complex.

ChinaAg Comments

  • In June 2017, Zhuhai Agricultural Investment Holding Group (HKG:0908) signed a seafood agreement with Israel’s Trendlines Group (SGX:42T) and Tiran Shipping. As a result of the agreement, Zhuhai CLZ Investment, a subsidiary of Zhuhai Agricultural Investment Holding Group, and Tiran Shipping will jointly produce giant freshwater prawn larvae (all-male Macrobrachium rosenbergii) and young prawns. Zhuhai CLZ Investment will also distribute genetically modified red tilapia from Israel. Meanwhile, Zhuhai Agricultural Investment Holding Group will team up with Trendlines to establish a joint-venture to develop high-tech seafood products.
  • In April 2016, China’s AQSIQ approved Zhanjiang as the designated import port for fruit arriving from ASEAN member states. From 2014 to 2015, the fruit trade between China and ASEAN countries increased to 2% to US$700 million. Zhanjiang Port and its surrounding area (i.e. Guangdong Province) traded 200,000 MTs of fruit.
  • In July 2015, Zhanjiang Port announced it would strengthen its ties to Western Australia’s Dampier Port and Singapore.
  • From January to June 2015, Zhanjiang’s foreign trade declined US$2.45 billion when compared to the same period in 2014. Trade in oil and iron was the primary reason for the decline, while trade in agricultural products and machinery actually increased.
  • In March 2015, the mayor of Zhanjiang announced plans to expand Zhanjiang’s port handling capacity as part of Maritime Silk Road growth projects, including the construction of a 400,000 MT shipping channel/berth.
  • In January 2015, Zhanjiang announced plans to expand and develop its cold storage logistics facilities. As of early 2015, Zhanjiang had 47 large cold storage units and 500 refrigerated trucks.
  • Founded in 1998 and headquartered in Hong Kong, Zhuhai Holdings Investment Group (HKG:0908) is an investment holding company whose financial portfolio includes port facilities, ferry services, and real estate (i.e. holiday resorts, golf clubs, etc.). The company also distributes fuel oil.

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