Russian fishermen are reorienting themselves to the markets of the Asia-Pacific region

Published 2024년 8월 19일

Tridge summary

The article highlights the shift of fish and logistics chains towards the Asia-Pacific region, with a focus on the increasing export of Russian seafood, particularly to China, Korea, and Saudi Arabia. Despite sanctions, these markets have become key consumers of Russian fish products such as pollock, herring, sardines, fishmeal, and crabs. However, the development of these exports faces infrastructure challenges, especially in Russia, where the aging port facilities require significant investment. The Murmansk Fishing Port, a crucial hub for receiving vessels along the Northern Sea Route, needs improvement to support large fishing vessels and increase container servicing areas. Despite investment in infrastructure, the lack of facilities for lighter carriers hinders the completion of projects aimed at improving fishing company logistics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"Currently, fish and logistics chains are migrating towards the Asia-Pacific region. For example, if before the introduction of sanctions, the key market for Russian crab was the United States of America, then after its closure, the main buyers became China and Korea, where the products are delivered either frozen in refrigerated containers by rail or by lighter carrier along the Northern Sea Route (NSR), which is actively developed by our country," says Anastasia Kreslavskaya, CEO of the Sevryba holding company. Seafood supplies to China reached a historic high last year. China purchased 1.29 million tons of seafood from Russia. And everything is moving towards maintaining supply volumes this year. In the first five months of 2024, 522.64 thousand tons of fish products were delivered to China, which is in line with last year's level. In recent years, China has remained the largest consumer of Russian fish products, accounting for about 50% of exports, the bulk of which are ...

Source: Fishretail