China National Fisheries Corporation (CNFC), established in 1985, is a state-owned enterprise and a leading operator in China's distant water fisheries. The company operates over 220 vessels, including bottom trawlers, long-liners, merchant carriers, and bunker service vessels, primarily in the Atlantic, Indian Ocean, Arabian Sea, and Mediterranean Sea. CNFC's product portfolio includes cuttlefish, octopus, white and tiger shrimps, yellow croakers, bobo croakers, and tonguesole. The company has expanded its operations globally, including the establishment of a tuna processing plant in Vanuatu in 2019. CNFC has been a significant beneficiary of corporate subsidies from the Chinese government. :contentReference[oaicite:0]{index=0}