africa Economy Fish Food Mozambique

Fishing Trawlers from Shenzhen, China, fish in Mozambique

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The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

The arrival of the vessels carrying 359 tons of crustaceans and fish was welcomed locally by both the administration and the government of the special economic zone which set up Yu Yi Industry Co. by authorising the merger of the Shenzhen Hao Hang Yuan Yang Fishing Industry Co. and the Shenzhen Hai Zhi Xin Yuan Yang Fishing Industry Co., with the aim of revitalising the local fishing industry.

Chief Executive Zhang Zhiming said that with domestic catches falling in recent years, China had to expand fishing activity overseas, saying “the time has come to expand.”

The six trawlers that travelled 6,000 kilometres on their return from Mozambique are part of a growing fleet which in 2019 will have a total of 18 trawlers built in the last 12 months by the Hao Hang Yuan Yang Fishing Industry Co.

Yu Yi Industry Co. has recently signed a five-year fisheries agreement with Mozambique, the details of which have not been announced.

Source: Macauhub

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