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Chinese Firms Are Driving Illegal Fishing Globally, Study Says

  • Companies with IUU vessels connected to Chinese state
  • Illegal fishing industry worth up to $23.5 billion annually
Illegal fishing has become a flash point in the rivalry between the US and China.

Illegal fishing has become a flash point in the rivalry between the US and China.

Photographer: Johannes Eisele/AFP/Getty Images

Eight of the 10 companies responsible for nearly a quarter of known illegal, unreported and unregulated fishing hail from China, fueling an industry that costs countries billions of dollars in lost revenue annually, according to a report.   

The Boston-based Financial Transparency Coalition identified Nasdaq-listed Pingtan Marine Enterprise Ltd. at the top of a list of state-linked firms with the most number of IUU fishing vessels. The company is one of the largest US-listed marine services companies operating in China, it said.