A number of analysts are expecting profitability for Dongwon F&B to “improve sharply” in the second half of this year, and into 2019, “on the back of the decline in raw material input...
News
UN Spotlights World Tuna Day On Official Events Page
The United Nations has created a separate page on its website to mark the officially ratified event of World Tuna Day – highlighting the importance of sustainably managing tuna stocks. After...
TU Reverses On Sustainable Tuna Goal
The latest annual sustainability report from tuna processor Thai Union, in which it gives full transparency on its seafood sourcing, suggests little change has been made towards increased...
IOTC Puts Clashing Catch Quota Proposals To The Test
The IOTC Scientific Committee will make simulations on the very different proposals put to the Commission regarding how tuna catch quotas should be allocated in the Indian Ocean region....
“Maldives P&L Should Get Yellowfin MSC Back”
The Maldives Indian Ocean pole and line fishery should get back its MSC certification for yellowfin tuna, according to MIFCO, one of the leading tuna fishing and exporting companies in the...
IATTC Director Concerned By Expanding PS Fleet
The Director of the IATTC stresses that if the fleet in the EPO keeps expanding, the length of the annual purse seine closure will need to increase, and more FAD specific measures must be...
Balfegó Fills Bluefin Quota In Just 7 Days
Major Spanish bluefin fishing firm Grupo Balfegó has exhausted its bluefin limit in exactly one week. Despite being given a higher quota this year, Spain’s biggest bluefin catcher was still...
Indonesia’s Hardline Ministry To Also Fine IUU Boatowners
Owners of vessels illegally fishing in Indonesia’s waters could face criminal charges if a new bill is passed. With only crew members facing prosecution under the current laws, the Ministry of...
How Marine Protected Areas Have Changed Fishing
A number of marine protected areas (MPAs) have been established over the years in an attempt to conserve vital marine resources such as tuna. While the protection of waters has invoked...
Mozambique Relying On Tuna Longlining To Ease Debts
The government of Mozambique is relying on tuna fishing to increase revenue and possibly help ease the country’s USD 2 billion debt, which was in fact partly caused by the establishment of a...
SKJ Price Drops During Bangkok Conference
As many negotiations and deals played out during the largest tuna industry gathering in Bangkok this week, big volume buyers attempted and succeeded in pushing down the whole round skipjack...
PNG Coastal Villagers Receive P&L Training
Villagers from Papua New Guinea have been trained in pole and line fishing and other small-scale methods, to catch yellowfin and skipjack tuna for “commercial sales”. According to The...
Merger Rumors Continue: Frabelle & Majestic Must Seek Approval
The PNG Independent Consumer and Competition Commission (ICCC) has stated any potential merger between Majestic Seafood and Frabelle could be possible, but only after the tuna firms gain...
WTPO: Time To End The Tuna “Power Games”
Power games within the industry must come to an end, and stakeholders must start to cooperate and work together, to really add value to the market, stresses the Vice Chairman of the World Tuna...
Lischewski’s First Court Appearance Set For Next Month
The Bumble Bee CEO, Chris Lischewski, is set to make his first court appearance next month following the indictment charges he faced as part of the canned tuna price fixing case. Amid the...
Rick Heroux Leaves CMC To Join Nirsa
The Chief Operating Officer at Thailand’s Chotiwat Manufacturing Co. (CMC), Richard Heroux, is set to leave the major canner and join Ecuadorian tuna fishing and processing firm Nirsa. In...
Tri Marine: Lease To StarKist Best Option For American Samoa
The CEO of Tri Marine, Joe Hamby, has said leasing the firm’s Samoa Tuna Processors (STP) plant to StarKist Samoa is the best use of the facility. Despite efforts to reopen the cannery, the...
Thailand Issues $7 Million Fines To IUU Vessels
Thailand’s Minister of Fisheries has announced the Thai court issued fines worth almost USD 7 million to the owners of two longliners that were found partaking in several IUU activities. The...
GGGI Set To Remove 100,000KG Of Ghost Gear
The World Animal Protection has announced under the Global Ghost Gear Initiative (GGGI), it will partner with businesses, Bureo and Satlink, to remove 100,000kg, or 100 tons, of discarded...
WTPO Wants Global Purse Seine Fleet Capped At 2016 Levels
A representative from the World Tuna Purse Seine Organization (WTPO) has stated that the WTPO wants to see the global tuna purse seine fleet capped at the level it was in 2016 and therefore,...