The decade-long tuna bond case has taken a new twist as Mozambique and Credit Suisse agreed to an out-of-court settlement over the weekend. The Union Bank of Switzerland (UBS), owner of Credit...
News
Will Frabelle’s CEO Become The New Secretary Of Agriculture?
Francisco Tiu Laurel Jr. has been mentioned as the possible new Secretary of the Department of Agriculture of the Philippines, although, this is officially "not confirmed" by the presidential...
Thai Union Family Member Drops English Soccer Club Ownership After Insults
Dejphon Chansiri has decided to stop investing in struggling English soccer club Sheffield Wednesday after being insulted by fans again. In a recent statement posted on the club’s website, he...
Marshall Islands To Renew Maritime Security Contract With US
Marshall Islands is likely to enter into a renewed Compacts of Free Association (CFA) contract very soon. Under this deal, the US will provide economic and security support to three Pacific...
Swedish Purchased More IO Canned Tuna In H1
Sweden is the largest canned tuna market in Scandinavia but declined five percent in the first half of 2023. As witnessed in all three Nordic countries in the EU, Swedish traders and retailers...
Study Identifies Origin Of Western Atlantic Ocean Yellowfin
A group of researchers have conducted a study to identify the nursery origin of yellowfin in the Western Atlantic Ocean. Geographic shifts in the distribution of yellowfin across national or...
Seychelles Wants To Consolidate Crucial Tuna Sector
Tuna is crucial for the Seychelles economy and the canned tuna sector represents more than 90 percent of its direct exports. During the height of the COVID pandemic when tourism was basically...
Exciting Times Ahead For Manta Skipjack Price
With only one week to go before the first EPO Veda ends, the industry is awaiting increased supply that could influence the skipjack price, which has remained relatively stable. Or is the...
Bina Harbor Project Still Seeking For Investors To Take Off
The long-awaited Bina Harbor project is looking for potential investors to collaborate with the Solomon Islands government so that the plant and harbor can be operational by 2028. Speaking at...
Misreporting By WCPO Vessels Account For The Largest Chunk Of IUU
The number of IUU fishing activities in the Pacific tuna fisheries has reduced drastically over the past seven years, but misreporting by vessels about the volumes netted or transshipped...
Seven US Seiners Aim For MSC In Entire Pacific Ocean
The vessels unified in the US Pacific Tuna Group held an MSC certification for WCPO since 2022 but is seeking a scope extension for EPO skipjack. The CAB published the Public Comment Draft...
Denmark Increases Trade With Asian Processors In H1
Denmark has slightly increased its intake of canned tuna in the first half of 2023, a trend observed also in previous three years. Mauritius emerged as the top seller, but Asian processors...
WCPO Surface Temperature Above The Anomaly For Years
The sea surface temperature (SST) in the WCPO has over the past years risen to 0.26 degrees Celsius above the anomaly temperature. The Ecosystem and Climate Indicator report by the Oceanic...
WPRFMC: Existing Status Quo Is Sufficient For Pacific MPA Expansion
The decision of US President Joe Biden to expand the Pacific Islands marine protected areas (MPAs) did not sit well with several parties including leaders from American Samoa. The Western...
WCPO Seiner Fleet Keeps Shrinking, Smallest In 13 years
Within the world's largest tuna fishing grounds, the number of purse seiners being operational has plummeted drastically over the past decade. This was pointed out by PNA CEO Sangaalofa Clark...
Scandinavian Buyers Reduced Trade Within EU In 2023
Sweden, Denmark, and Finland together imported slightly less canned tuna from January to June compared to their buying in 2022. The five-year trend indicates that the market responded to the...
Spanish Ministry To Redistribute Unused Bigeye Limit
Spain’s Fisheries Ministry will start utilizing the “optimization mechanism” for bigeye catches on October 3, and will distribute 2,000 tons quota to vessels that have exhausted their capture...
Vietnam’s 2022 Tuna Exports Revenue Hit Record USD 1 Billion
In 2022, Vietnam’s tuna exports rose to hit peak value of over USD 1.02 billion. It also accounted for nine percent of the total seafood exports’ value for the country that year. The record...
Palau Partners With Global Fishing Watch In Combating IUU Fishing
Palau has entered into a new partnership with Global Fishing Watch (GFW) to tighten sustainable fisheries management and promote transparency. The tracking data of all vessels fishing for tuna...
Mexico Allocates Bluefin Quota For 2023 And 2024
The Mexican government recently announced the allowable catch volume of bluefin for its fleet for 2023 and 2024, applicable from September 25. The Secretariat of Agriculture and Rural...