China Marine Buys Property
China Marine Food Group announced this morning that it had won the auction to purchase a 40-year land use right on 8,600 square meters on the Shishi port. They will use this land to build a new cold storage facility at a cost of approximately $20mm, which will substantially increase their capacity.
As you can see from these photos of our visit there this summer, this land is truly right on the dock and should provide an advantage when it comes to acquiring fish.
This is looking left at the site:
And this is looking right at the water from the same spot:
Yeah, the boats are pretty close.