News

Readers: Atunlo Will Face Bankruptcy This Year

There is no light at the end of the tunnel for Spanish tuna processing company Atunlo. It entered into a pre-bankruptcy procedure with creditors last November to restructure its debts as it...

Purse Seiner Damaged By Fire While Moored In Abidjan

The new year began disastrously for the Belize-flagged purse seiner ‘Harmonia 1’ which caught fire as it docked in the port of Abidjan in Ivory Coast. The 50-year-old vessel was in the harbor...

Indonesia And Japan Agree On Tax-Free Tuna Trade

Indonesia will be able to export four types of tuna products at zero tariff instead of the usual 9.6 percent to Japan as the nations recently reached an agreement on duty-free trade. Indonesia...

Albacora & Jealsa Fleets Departing Gulf Of Guinea?

Several Spanish tuna companies are finding it difficult to operate their fleets in the Atlantic Ocean. Boat owners are pointing their fingers at Asian vessels mainly from China and Korea for...

Storm Of Violence In Ecuador & PNG

Ecuador saw an unprecedented wave of gang violence for days especially in Guayaquil, the country’s largest city with three million residents, and a base to several tuna processors. Its new...

Seiner Fuel Prices Drop But Can Boat Owners Rejoice?

World crude oil prices have seen an increase but have remained relatively low. Fuel costs for purse seiner vessels have declined in the past few months. Global benchmark Brent crude rose to...

Push & Pull Factors Keep Bangkok Skipjack Price Level

Trading has picked up in Bangkok, the world’s largest processing hub, after a year-end lull. The fair demand from Thai producers is keeping the price stable despite anticipated high levels of...

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