The Deputy Prime Minister of Vietnam has said an important task for the government is to create more jobs for fishermen outside of the fishing industry. He believes this would in turn lessen...
News
TU Records $44 Million Charge For Price Fixing Settlements
Thai Union (TU) said in its second-quarter earnings release that its Tri-Union subsidiary, which operates in the US as Chicken of the Sea (COS), has set aside USD 44 million to settle civil...
Peru Plans Fuel Cost Cut To Enhance Tuna Fleet
The Peruvian government is discussing the potential to introduce a tax reduction on fuel for the national tuna fleet. It hopes the measure will further enhance the operations of the local tuna...
Consumers Want Sustainability Claims Independently Verified
The Marine Stewardship Council (MSC) has found over 70 percent of surveyed consumers around the world are demanding independent verification of sustainability claims. This is despite a growing...
IN BRIEF: Spanish Tuna Belly Product Gets “Great Taste” Recognition
The Spanish brand Conservas Juanjo has been given the “great taste” recognition for its bonito del norte product by the London based Great Taste Awards (GTA). The Atlantic albacore tuna...
Costa Rica: We’re Losing $50 Million To IUU Fishing
The Minister of Environment and Energy has said the country is losing millions of dollars to foreign vessels operating in Costa Rica’s waters both legally and illegally. He has now called for...
New England’s 2017 Sales Boosted By Strategic Acquisition
The impact of the Albert Darnell Group acquisition was quite visible in New England Seafood’s (NES) recently filed financial results for the fiscal year that ended October 31, 2017. The...
Ghana Postpones Emergency Fishing Ban
Ghana’s ban on fishing of all species in its waters, except tuna, has been postponed to 2019. The ban was scheduled to take effect on August 7th and was initiated to repair fish stocks by...
Spanish Canners Maintain Firm Export Growth
During the first five months of this year Spanish processors have sustained growth in their exports of canned and semi-preserved seafood products. Their main shelf-stable fish product, canned...
More Shareholders Push For Alliance Select Arrests
Another group of Alliance Select International shareholders filed a complaint in a Philippine city court, alleging that a number of executives at the tuna processing firm violated the...
TU Sees Profit Margin Improvement In Second Quarter
Thai Union (TU), the world’s largest producer of shelf-stable tuna product, saw a significant improvement in its margins in the second quarter even as it continued to face challenging market...
Somali Authorities “Eager” To Promote Domestic Longlining
The Somali authorities have shown an eagerness to encourage local ownership in the country’s fishing industry, according to one Somali man who recently gained a license to fish in Somali...
Kiribati Joins PNA VDS Longline Scheme
The Parties to the Nauru Agreement have ended the 13th Ministerial Meeting with the addition of Kiribati to the Longline Vessel Day Scheme (LL VDS). Kiribati’s decision to join the scheme,...
MSC Retracts Mixed Fisheries Policy Change
The Marine Stewardship Council (MSC) has stated that its policy decision to stop mixed fisheries from entering MSC assessments was not backed by NGOs and the industry. This was a decision that...
Lischewski Resigns From American Seafoods’ Board
Former Bumble Bee CEO Chris Lischewski, who has been indicted by the US Department of Justice (DOJ) in the canned tuna price fixing case, has resigned from the board of American Seafoods. The...
Vietnam’s US Exports Continue To Fall
Vietnamese tuna exports to the US market have continued to decline over the first half of the year, with the value of shipments dropping by 8.3 percent compared to the previous year. This fall...
Pacifical’s Ethereum Blockchain Platform Goes Live
Pacifical, the marketing arm of the PNA MSC tuna fishery, has announced the extension of its traceability platform, with the incorporation of a blockchain platform. Pacifical in collaboration...
Alliance Select Offers “Bay Of Gold” Tuna
Filipino canner Alliance Select has launched a new line of tuna products that it calls the “Bay of Gold Select Tuna”. The announcement of the new products comes after the firm reported strong...
Middle Eastern Heat Causes Prices To Shoot Up
Vendors in Oman have reported an increase in tuna prices as the volume of tuna making its way to the market has declined. With it being the summer period in the Middle Eastern country, warmer...
Canary Islands: Foreign FADs Are Luring Away Our Tuna
The government of the Canary Islands has called for an investigation into the impact of certain fishing practices carried out by foreign fleets. This is due to concerns that the use of FADs by...