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Stein Ove Tveiten has been appointed CEO of Baring International Holding's new land-based salmon facility in Shanwei, South China.

After an official visit to China, the Chilean Undersecretary of Fisheries and Aquaculture, Julio Salas, confirmed an agreement for scientific and technological exchange.

The project has received 601 million yuan ($83.1 million) in investment.

Thanks to the bilateral trade agreement between the two countries reached last year, China applies zero tariffs to Ecuador's canned tuna.

The land-based salmon farming company halted sales in H2 2024 due to an off-flavour problem at its Ningbo facility.

In 2024, the tons of shellfish exported to China increased by 182% and amounted to 165 million NOK, a 49% growth compared to the previous year.