The Seychelles vessel ‘Saya de Malha’ began a one-month FAD retrieval trip on Monday. Officials from the Coast Guard, Seychelles Fishing Authority (SFA), and students and a lecturer from the...
News
Former Pew Fisheries Director Will Head Ocean Program
Not long after leading the International Fisheries department in The Pew Charitable Trusts, Tom Pickerell stepped down from this role to join the World Resources Institute (WRI), where he will...
ICCAT Meeting Begins With Bigeye Allocation Issues
The ICCAT 28th Regular Meeting began yesterday in Egypt with member nations focusing on the allocation of bigeye and management measures for reducing juvenile tuna volumes and bycatch. The EU...
Above Average WCPO Catches Depresses SKJ1.8:BKK Value
Great supply to the Bangkok processing hub is continuing which has pushed down the trade value for raw material. Skipjack price has been on a downward path since August albeit still at a high...
Thai Pet Food Trade Sees Massive Reduction
The pet food business for Thai processors was off to a weak start in 2023 and it has continued on a downward path. There was a drastic 27 percent drop in the first nine months of this year and...
Chinese Crew Acquitted Of Human Trafficking Charges
Four Chinese crew members of two tuna vessels accused of human trafficking and mistreatment have been found not guilty by a Namibian court. The men were detained for more than a year and the...
Tuna Boats Charred In South Indian Harbor
Ten fishing vessels, including eight mini tuna purse seiners, were destroyed in a fire mishap in Gangolli in the southern Indian state of Karnataka. The boats had been moored in the small port...
Century Pacific Consistently Grows Its Business
Century Pacific Food reported a modest increase in its revenue until the third quarter and a net income, up almost ten percent from last year and revealed a consistent growth performance in...
Australia Helps Tuvalu Citizens To Escape Climate Change Impact
A recently inked deal allows a pathway for Tuvalu residents to emigrate to Australia as the Pacific Island nation is threatened by rising sea levels due to climate change. Australia, a close...
PNG Add Two New MPAs
Papua New Guinea announced over 16,000 square km of new marine protected areas (MPAs) in an effort to meet the UN ‘30x30’ pledge to safeguard 30 percent of the oceans by 2030. The new MPAs...
Panama Canal’s Skip-The-Queue Auction Smashes Records Again
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...
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...