Defense lawyers of companies embroiled in the Mozambique USD 2 billion scandal have said that the country’s public prosecutor’s office (PGR) has had years to bring proper evidence against the...
News
EU & Maldives Recommend IO Skipjack Reduction For Major Fleets
A major discussion at the upcoming IOTC meeting will be about ensuring that fishing nations do not exceed their skipjack catch limits in the Indian Ocean. The EU and Maldives have proposed...
O3C Lab Opens For Omega-3 Oil Innovations
The Omega-3 Centre of Excellence (O3C) has opened its modern laboratory for refining Omega-3 oils to interested companies for collaboration in exploring the applications of the oil for infant...
Mexico Allocates Bluefin Quota For 2022
Mexico has allocated its fleet an allowable catch volume for bluefin of 3,824 M/T for 2022. The Ministry of Agriculture and Rural Development is following the recommendation of the IATTC,...
Record Q1 Yellowfin Catches In EPO
While poor fishing conditions in the EPO were given as a reason for the increase of the Manta skipjack price, IATTC catch data over Q1 2022 shows the opposite, with skipjack catches being...
Century Stock Recovering From 25% Crash
Yesterday, Philippines’ leading tuna processor, Century Pacific Food (CNPF) reported its Q1 numbers revealing a ten percent increase in both turnover and net income. The company’s share went...
FCF Adds Another WCPO MSC Certification To Its Collection
Taiwanese tuna trader FCF is now also going for MSC certification for the Nauru Skipjack, Yellowfin, and Bigeye Tuna Purse Seine Fishery. The conformity assessment body (CAB), SCS Global...
Ecuador’s Yellow Card Lifted By November?
The EU carried out an audit last week in Ecuador to verify the progress and compliance with the nation’s action plan to lift the fisheries' yellow card. Considering the response received, the...
Thai Union’s USD 10 Million Strategic Investment In IOT
Thai Union Group sees the Indian Ocean Tuna (IOT) plant as a strategic facility for its tuna business and is therefore planning on investing another SCR 138 million (about USD 10.3 million) in...
Tuna Cannery Projects In Pacific Islands Competing For Investors
Provinces in Solomon Islands and PNG all have high hopes for their initiatives to attract investors for their local tuna sector but they have yet to encounter any that will take their...
Thais Shipped USD 495 Million In Q1, Steep Costs Raising Prices
Business for Thailand’s canned tuna processors was off to a good start in the first quarter of 2022, with overall shipments remaining relatively stable despite the steep increase in the...
Skyrocketing Costs Not Expected To Increase Spanish Canners’ EU Sales
A significant hike in manufacturing costs, especially for commodities such as steel, vegetable oil, and raw material is hitting the world's tuna processing industry. The Spanish canning sector...
Will IOTC Members Follow Scientific Advice And Cut Yellowfin Catches Further?
Despite having a yellowfin rebuilding plan since 2017, the stock remains overfished and subject to overfishing, according to the latest stock assessment data by the IOTC Scientific staff. They...
Consorcio Continues To Reign Over Spanish Albacore Market
Grupo Consorcio has strengthened its position as Spanish consumers' preferred Bonito del Norte (albacore) supplier as the 2021 turnover rose. Its brand, Consorcio, has kept a leading position...
Readers Want To See StarKist’s Value Included In Merger
The minority shareholders of Dongwon Industries revolted against the merger between the listed fishing business unit of the Dongwon Group with unlisted Dongwon Enterprise. They found the...
EU Wants No Immediate Cuts For IO Yellowfin, But Maldives Insists
The IOTC annual meeting will take place in mid-May and members have submitted their proposals on the yellowfin plan. Coastal nation Maldives is pushing for an even more ambitious reduction in...
ISSF: Member Firms Closer To 100% Compliant With Conservation Rules
The International Seafood Sustainability Foundation (ISSF) recently released its annual report, emphasizing the efforts in achieving sustainable tuna fisheries and focusing on transparency in...
Presence Of MSC In Europe’s Largest Tuna Market Remains Meager
The production of MSC canned tuna in Spain has been consistently growing in the last couple of years. However, the vast majority is exported. Spain has one of the highest per capita...
World Tuna Day On Social Media
Yesterday, the world celebrated World Tuna Day, and a lot of posts with #WorldTunaDay were shared on social media. On this occasion, NGOs, companies, and individuals referred to the importance...
PNA Wants FAD Buoys Registered Beginning In 2023
PNA members and Tokelau have agreed on the registration and tracking of electronic buoys attached to drifting fish aggregating devices (DFADs), effective from January 1 next year. The parties...