The price for bluefin at Japan’s Toyosu fish market is rising rapidly as fewer domestic caught fish are being landed. Only 220 whole-round bluefin were auctioned in the first nine days of...
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Airone Seafood Wants To Expand Tuna Production In Ivory Coast
Abidjan-based Airone Seafood is aiming to expand its tuna production capacity with new investments, its Chairman and CEO, Sergio Tommasini, announced. He said that Airone “is working to...
Galician Canners Battle For A US Market Share
By establishing the subsidiary, Frinsa USA, and investing over USD 20 million in a new production facility in Lakeland, Florida, Spanish Frinsa group is competing with Calvo and Jealsa. The...
Seiner Operators Looking At Low Fuel Price But Crude Supply Issue On The Horizon
Major global economies under the G7 group and its allies like the EU, recently agreed on a USD 60 price cap per barrel of Russian crude oil as a sanction to squeeze revenue from the country’s...
I-Tail Debut Raises USD 606 Million From Its IPO
Thai Union-owned i-Tail Corporation Pcl., has made a successful debut in the stock market. The pet food producing subsidiary raised THB 21.1 billion (USD 606 million) after selling its 660...
Ireland Demands Tuna Quota As Numbers Rise
Ireland seeks a quota for its fishers to catch bluefin. The fish is nowadays more present in its waters, and Minister of Agriculture, Food, and the Marine, Charlie McConalogue, has put forth a...
Gomes Da Costa Unveils New Packaging For Its Premium Products
Brazilian canned tuna brand Gomes da Costa has relaunched its premium tuna packaging, developed in black and golden tones. The marketing strategy aims to reinforce sophistication and...
Global Compliance Personnel Get Introductory Guide On Reefers
The new training manual on Carrier Vessels for fisheries and compliance personnel around the world has been launched. This is the fifth in a series of guidebooks published by Trygg Mat...
EU Tuna Fishing Sector Facing “Perfect Storm”
The EU tuna sector is facing a “perfect storm” and if European regulators do not see the realities of what fishermen are up against, the industry will be in dire straits. This is according to...
Thai Union Wants To Make Red Lobster A “Strong Business Pillar” Despite Losses
The global economy is reviving after the Covid-19 pandemic, and the ongoing Ukraine-Russia war has greatly impacted interest rates and runaway inflation. The multi-billion-dollar seafood...
Former Mozambican President’s Son Sentenced 12 Years In Tuna Bonds Scandal
The long-running case over the biggest graft scandal in Mozambique for over USD 2 billion worth of hidden debts including USD 850 million in tuna bonds has ended. A federal judge in Maputo has...
PNA Nations Relieved With Adoption Of Skipjack Management Procedure
The skipjack management procedure adopted by WCPFC members last Saturday has been welcomed by the PNA countries. The decision means that the MSC certification for its fishery, the largest in...
Dongwon Partners With Korean Automobile Giants To Recycle Fishing Nets
Dongwon has announced its partnership with Hyundai Motor Company and Kia Motors to recycle worn-out tuna fishing nets. The seafood firm, one of the co-founders of Seafood Business for Ocean...
Soaring Seafood Prices Keep European Demand For Meat High
Europeans still prefer beef steaks or pork schnitzels on their dinner plates compared to tuna or other seafood. Recent data indicate that expenditures on fishery and aquaculture products are...
EU Alert: High Mercury Levels Lead To Spanish Notification
Spain, France, and Belgium reported four tuna-related incidents to European food and safety authorities in November. Frozen yellowfin loins from Mexico (Mercury above permissible levels was...
Sufficient Skipjack Trade Pushes Up SKJ1.8:BKK
The price for skipjack in Bangkok has been pushed up amidst low demand from Thai canneries. The tuna price has bounced back to a higher level showing a slight movement in the market situation....
MIFCO’s Newly Purchased Tuna Vessels For Cold Storage?
Maldivian state-owned MIFCO has announced the acquisition of three more vessels to increase its tuna purchasing and processing capacity. Currently, most of the caught fish are stored in...
French Investors Interested In Building Tuna Cannery In Gabon
Gabon which has a tuna-rich EEZ is joining hands with the French employer federation -- Mouvement Des Entreprises De France (MEDEF), which will invest in fisheries, energy, digital,...
Europeans Increased Spending On Seafood In 2021 Amidst Inflation
European households spent more money buying seafood in 2021 compared to the year before, with Italians forking out the most euros, according to the latest EU statistics. In 2021, nominal...
Suspicious Vessel Intercepted During Bilateral ‘Operation Yellowfin’
As the number of suspicious boats in the IO increased, Maldives and Seychelles decided to launch a bilateral ‘Operation Yellowfin’. The investigation was initiated after a vessel was spotted...