The Panama Canal's transit problems due to the ongoing drought caused record payments by boat owners to gain right of way. In August, the winning bid to jump the Panama Canal queue reached USD...
ALL ATUNA NEWS
NGOs Accuse UK Retailers Of Hypocrisy By Selling “Unsustainable Tuna”
Three NGOs have pointed fingers at UK-based retailers for “misleading sustainability claims and double standards" in selling their canned tuna products. Blue Marine Foundation, Bloom...
Dongwon Prepares To Issue Bonds Through StarKist To Bid On HMM
Dongwon Industries, through its subsidiary StarKist, has found private equity funds interested in convertible bonds to raise capital to put a bid on the Hyundai Merchant Marine (HMM) shipping...
Study Throws Light On Yellowfin’s Response To Ocean Acidification
Ocean Acidification (OA) is a climate change threat that can have significant impacts on tuna and other marine species. A group of researchers from Indonesia observed the OA effects on the...
Record Tuna Catch Continues In EPO
In the first nine months of 2023, the Eastern Pacific Ocean (EPO) fishing vessels caught a record-high volume of tuna. These good catches were hardly impacted by the first veda period. From...
Frime In Talks With Banks For Refinancing
Spanish tuna and seafood processor Frime is negotiating with its creditors to group its working capital loans at different entities and extend its financing time frame. The company is seeking...
Shareholders Express “Extreme Concern” Over Atunlo
Investors are worried over the future of Spanish processing firm Atunlo, which recently entered into a pre-bankruptcy process. On November 7, an extraordinary general meeting of shareholders...
Sapmer Sells 3 Purse Seiners To South American Buyer
French fishing company, Sapmer, has further reduced its tuna seiner fleet. On November 8, it revealed that it has signed an agreement with a potential buyer specialized in tuna fishing in...
Low Catches & Poor Market Demand Reduced Thai Imports
Thai processors reduced their imports of frozen whole round tuna in the first nine months of this year and this was affected by several factors including poor demand in end markets. From...
Will More Tuna Processors Go Bankrupt In The Next 6 Months?
The fate of two Spanish tuna companies Atunlo and Actemsa are hanging in the air as they undergo pre-insolvency procedures. The inability to refinance their debts and high interest rates have...
EU Tuna Fishers Want ICCAT To Hear Their Concerns Over Bigeye
EU tuna fishermen have put forward their demands ahead of the ICCAT annual Commission meeting that will take place in Egypt this month. Members of the EU Long Distance Fisheries Consultative...
Second EPO Veda Begins, Over Half Of Ecuadorian Seiners Remain In Port
The second EPO veda begins today and 147 purse seiners, and a vast majority with the highest fish hold volumes (FHVs) in the various fleets, will stop fishing in the IATTC convention area for...
India’s Northwest Region Main Area For Gillnet Tuna Landings
IOTC revealed that tunas are the major fish species captured by gillnets in India and this gear accounts for nearly 34 percent of the Indian Ocean (IO) tuna catches in the country. The...
Thai Union Continues To Bleed Money From Red Lobster
The US restaurant chain, Red Lobster, continues to be a burden on the Thai Union Group affecting the tuna company’s overall profits. The tuna company reported a THB 395 million (US 11.11...
Tuna Is Europe’s Leading Seafood
Europeans love eating tuna and in 2021, they ate 2.86 kg of the fish. However, consumption levels have fallen over the past three years, according to the latest data from the EU Fish Market...
Small-Scale Indonesian Tuna Fishermen Trapped In Debt To Middlemen
Artisanal tuna fishermen in the Indonesian provinces of Papua and Maluku Islands depend on middlemen to survive when their tuna catches are low. With loans strangling them, these moneylenders...
FFA’s Unveils New User-Friendly Website
The Pacific Islands Forum Fisheries Agency (FFA) launched its newly designed website, which it claims is more user-friendly, has updated content, and provides better engagement and outreach....
IO Industrial Seiners Largely Fish Around Madagascar & Seychelles
Industrial purse seine vessels flagged to the EU and other fleets have a slight variation in the areas where they fish for skipjack, yellowfin, and bigeye in the Indian Ocean (IO) . The...
US Canneries Critical For Big Three’s Sourcing
In 2022, the total tuna market was worth USD 2.22 billion with 40 million cases of products sold and the US Big Three represented 78 percent of the business. They needed 307,000 M/T of the...
Thai Union Net Profit Suffers From Fall In Ambient Tuna Sales
Thai Union Group reported THB 33.92 billion (USD 952.98 million) for its third quarter earnings, driven down by reduction in worldwide sales of ambient tuna and seafood. The net profit...
