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...
News
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...
Vietnamese Vessels Increased IUU Fishing In The Pacific Ocean
A recent report from the Vietnamese Ministry of Agriculture and Rural Development (MARD) revealed there has been a significant rise in IUU activities of the country's tuna and seafood fishing...
Innovation & Sustainability Key To Increasing Tuna Consumption
Thousands of new tuna products are launched each year and Mintel Group, a global market research firm states that there is room for more innovation. Brands also need push pass barriers of...
Thai Producers Lose Substantial Business In North American Markets
The Americas region imported the lowest level of canned tuna from Thailand in the first nine months of 2023 in a 5-year period, driven down by the sharp fall in buyer demand from North...
World’s Most Aerodynamic Car Inspired By Tuna
Chinese automaker Chery Automotive unveiled an electric car inspired by the streamlined and hydrodynamic nature of a tuna. It claims that it is the most aerodynamic car globally. The car...
Thai Union Family Member Wants Soccer Club Fans To Raise USD 2.4 Mln
Dejphon Chansiri, owner of English soccer club Sheffield Wednesday, has asked its fans to raise GBP 2 million (USD 2.4 million) to “save their club” by paying an outstanding tax debt to the...