Vietnamese tuna exports crossed the USD 350 million mark in the first seven months of 2018 and are on track to hit the full year target, according to the industry association that represents...
News
Nauru Starts PS Joint Venture With Silla
One of the PNA nations, Nauru, now has two purse seiners that are fishing in the WCPO carrying the Pacific Island nation’s flag. These vessels are the result of a joint venture agreement...
New PNG Wharf 1st Sign Of Long-Awaited Tuna Hub?
A new fishing wharf constructed outside of the main port of Madang in PNG is being deemed as the first step towards the government’s multi-million dollar Pacific Marine Industry Zone (PMIZ),...
IN BRIEF: Tunacons Signs MoU With Panama Authority
The alliance of five purse seine firms, Tunacons, has signed a Memorandum of Understanding (MoU) with the Aquatic Resources Authority of Panama (ARAP). Since there are Panamanian flagged...
IN BRIEF: Ireland Issues Illegal Catch Warning
The Sea-Fisheries Protection Authority in Ireland has issued a warning about catching bluefin tuna – an act that is illegal in Ireland. This is after a privately owned pleasure boat was found...
Dongwon Reports Marginal Sales & Profit Growth
Dongwon Industries, major tuna fishing firm and the owner of US-based StarKist, reported a slight increase in its sales for the second quarter of 2018. The South Korea-based company, one of...
Lawsuit: ISSF Meetings Were “Cover” For Conspiracy
A newly filed amended complaint in the civil price fixing proceedings claims that “trade association meetings” – like those under the ISSF – were used by the Big 3 and other defendants as a...
IATTC Urged To Improve “Paltry” Observer Requirements
The International Seafood Sustainability Foundation (ISSF) and NGO WWF have called for increased observer coverage for the EPO longline fleet. ISSF also asks the IATTC to develop electronic...
Spain Grants 5-Day Extension For Atlantic Albacore Catch
Spanish fishermen have been granted five more days to fish Bonito del Norte (Atlantic albacore) in northern Spain. Earlier the government had announced a precautionary closure of Bonito del...
Predictive Approach Could Improve High Seas Yield
Fishing activity in the high seas has seen a significant increase in the last few decades, driven by new technology. Regulation and monitoring systems though haven’t been able to keep up pace...
IN BRIEF: StarKist CEO Honors Korean War Veterans
StarKist organized a luncheon earlier this week for Korean War veterans and their families living in the US. The Dongwon-owned canner has been organizing a luncheon every year since 2008 to...
Tri Marine Subsidiary To Buy Vessels With $10M Loan
The tuna sector in the Solomon Islands has been given another boost following a new USD 10 million loan to the National Fisheries Development (NFD) – a Tri Marine subsidiary. The money is...
Top EU Brands Outperforming The US Big 3 On Sustainability?
A number of the major tuna brands in both Europe and the US are vocal in their pursuit to provide consumers with sustainably caught tuna products and often release figures on how close they...
Echebastar MSC Assessment Heads To Adjudication Phase
Spanish tuna fishing firm, Echebastar, will head to the MSC assessment adjudication phase for the second time, as parties were “unable to agree on anything substantive” at a recent London...
TU Expects To Double 2018 Chinese Sales
Thai Union has its eyes on China as the main emerging seafood market in the coming years and now expects to double or triple its own sales in the country throughout 2018. So far tuna has not...
IATTC Pushed To Adopt FAD & Juvenile Catch Limits
With the next IATTC meeting taking place later this month, calls have been made for the RFMO to restrict FAD fishing. As these devices are having adverse effects on bigeye tuna stocks in the...
Strong Tuna Business Boosts Alliance Profits
Alliance Select Foods International released its financial results for the first half of 2018, reporting a substantial increase in profit. The surge was driven by the “implementation of...
Would A Stronger Dollar Benefit Thai Canners?
When Thai Union (TU) recently reported its earnings for the second quarter of 2018, the company noted the impact of a stronger Thai baht on its margins. Indeed, a stronger local currency...
Tuna Promises Win US Retailers High GP Scores
In the latest edition of its ‘Carting Away the Ocean Report’ Greenpeace US particularly recognizes retailers that have adopted sustainable tuna sourcing polices, although the focus is on...
Study Shows What Happens If We Increase Or Decrease FADs In Pacific
When English economist Thomas Robert Malthus published his grim outlook on food security in the 18th century, global population was an estimated 1 billion. With population levels now at seven...