Shandong Zhonglu Oceanic Fisheries Co (Zhonglu Oceanic), a State-owned company based in Qingdao, Shandong province, has been ramping up efforts to develop the modern marine economy.

The ocean is a strategic location for high-quality development, according to Wang Huan, general manager of Zhonglu Oceanic.

Wang Huan (right), general manager of Zhonglu Oceanic [Photo/Dazhong News]

According to Wang, the company has coordinated development in areas such as the overseas fishery industry, overseas refrigerated transportation, international trade, and cold storage and processing, to continuously extend the industry chain, and leverage the integrated development of the whole industry chain of the modern marine sector.

In the past three years, the company's operating income, total assets and total profits have increased by 76 percent, 57.8 percent and 118 percent, respectively. Its key indicators of economic operation remain at the forefront of the industry.

The total retail sales of the company's domestic tuna products increased by 43.37 percent year-on-year, making it one of the leaders in development quality in China's ocean fishing industry.

Zhonglu Oceanic's tuna processing facility [Photo/Dazhong News]

The company's pelagic fishery operations spread all over the oceans. In the Indian Ocean, it has the largest ultra-low temperature tuna longline fleet in China, and its output ranks first in China, accounting for about 10 percent of the total domestic output.

In the Pacific Ocean, Zhonglu Oceanic is the first enterprise to engage in tuna seine, and it owns the first two tuna seine vessels in China.

The company has also invested heavily in building the country's first comprehensive tuna industrial park in Qingdao.