We are now in our fourth year of publication of area or species specific seafood industry reports. We will issue 7 reports altogether this year,
focusing on one country or region in each report, and for the first time this year a species specific report looking at the global market for Tuna.
Last year, Glitnir published its first China Seafood Industry Report during the China Fisheries and Aquaculture Expo in Qingdao, where Glitnir
was the first Bank ever to host a booth. Both the report and Glitnir’s presence at the Expo received positive feedback, and a little later Glitnir
opened an office in Shanghai, its first in Asia and the first ever for a Bank from Icelandic origins. A year on, it is a pleasure to present the 2007
China Seafood Industry Report. This report has a different angle from last year, but threefold structure as well, namely an overview of China’s
foreign trade in general terms, the Chinese seafood industry and finally focuses in on shrimp aquaculture like we did with Tilapia last year.
In December 2006, Glitnir opened a representative office in Shanghai, to better serve its international seafood clients. With a team of
experienced bankers and industry specialists, Glitnir can offer advisory as well as a wide range of investment banking services and tap in on
the extensive portfolio of financial products the Bank has to offer.
In 2007, China’s economic revolution shows no signs of abating, with double digit growth reaching its highest level in the first half of the year at
12 percent. Exports of Chinese seafood are a good example of China’s ability to produce a quality product at highly competitive prices making
China by far the largest exporter of seafood, outstripping the number 2 country more than fourfold.
We trust you find this report of benefit. We at Glitnir are proud of our strong team of seafood industry experts, and look forward to working for
you in our quest to make the seafood industry even more dynamic, efficient and profitable.
