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In Brief

Largest Chinese Tuna Boat Owner Buys New Seiner
17 May 2019

On May 13, Shanghai Kaichuang Marine International signed a contract for the purchase of a new purse seiner for USD 23.6 million. 

A shipbuilder from Zhoushan from China will build the vessel within the next 500 days. The Jinhui 68 will be 67 meters long and 13 meters wide, and will be added to Shanghai Kaichuang’s fleet. The company currently owns ten purse seiners and leases two purse seiners and two freezer carrier vessels.

Shanghai Kaichuang, a subsidiary of state-owned fishing giant Shanghai Fisheries Group, is rapidly expanding its business. Last year, the company made an investment into three purse seiners worth USD 58.2 million. Since March 2019, Shanghai Kaichuang has been building a USD 23 million processing plant with a potential annual capacity of 25,000 M/T of tuna raw material. In 2018, the company’s tuna catch was 86,800 M/T, an increase of 22 percent compared to 2017.

Emerging Monopoly On Tin Plate For Canning Blocked By EU?
15 May 2019

The merger between Tata Steel and ThyssenKrupp will probably be blocked by the EU commission. The joint venture – creating EU's second-largest steel producer – could harm the competition and raise the prices for tin plate used in the cannery industry. Margrethe Vestager, Competition Commissioner of the EU, has to make her decision by June 17 and should announce her arguments several weeks before.

In an attempt to enlarge their market share and to compete with larger, foreign competitors such as Bao Steel, China, and Dongbu, Korea, Tata Steel and ThyssenKrupp signed an agreement on June 30, 2018. They have now abandoned the plan because of the opposition from Brussels. By their decision, some think an emerging monopoly on tin plate has been stopped. 

Today's price for tin plate is USD 19,886 per ton.

Good Albacore Fishing In Spanish La Palma
14 May 2019

Fishermen in La Palma, Canary Islands, have been catching an increasing number of albacore for the past few weeks. 

Colloquially known as “chicken of the sea”, albacore tuna is normally not as abundant as other tuna in La Palma. The island is more renowned for its Bluefin and Bigeye tuna fishing including Bonito, a tuna-like species. 

The catches are being carried out in the northern and eastern coasts of the island – specifically between the Barlovento Lighthouse and La Salemera (Mazo). The fishing vessels are mainly from Tenerife and Tazacorte. A boat recently caught 8,000kg of albacore in one day.

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