A group of environmental groups have welcomed the European Commission’s Ocean Pact which was unveiled on June 5 ahead of the ahead of the UN Ocean Conference in Nice, France. However, it is...
News
Jealsa’s Business On Excellent Trajectory, 2024 Closed With High Revenue
Spanish tuna processing market leader Jealsa reported that it closed its 2024 financial year with a high turnover. The bulk of sales came from European markets, said the company. In 2024,...
Non-EU-Flagged Vessels’ Skipjack WR Export To The Bloc Witnessed Setback
The imports of frozen whole round skipjack into the EU dropped drastically in the first quarter of 2025. Seychelles-flagged seiners were the major suppliers of the product to EU processors....
Reports Look At Intensity Of American Samoa’s Reliance On StarKist
The American Samoa economy, which is largely reliant on the StarKist cannery, is in a financially risky situation. Moody’s Ratings, a global provider of bond credit ratings, outlined the...
Maldives-China Tuna Trade Moving At Snail’s Pace
Earlier this year, China and the Maldives entered into a Free Trade Agreement (FTA), under which the latter can export tuna products to the the Asian nation duty-free. However, Maldivian...
Bangkok Skipjack Price Inches Upward Amid Tariff Concerns
There was a slight uptick in skipjack price for frozen whole rounds in Bangkok. Demand and supply in this market remain low and in balance. Thai processors are taking a wait-and-see approach...
Indonesia Strikes Deal With US For Reduced Tariff Rate
Indonesia has reached a deal with the US regarding the reciprocal tariffs, reducing the rate from the initial 32 percent to 19 percent. In exchange, US President Donald Trump stated that this...
US Senate Gives Green Light To Bill Against Illegal Tuna Imports
The US is determined to take strong steps to protect its fishermen. Yesterday, the US Senate unanimously passed the ‘Illegal Red Snapper and Tuna Enforcement Act,’ aimed at preventing...
Bermeo World Tuna Capital Takes Sustainability Discussions To UN
The Bermeo World Tuna Capital (BWTC) executives are currently in New York to participate in the UN High-Level Political Forum. Two events were lined out, one that took place yesterday and...
Korea’s Famous Busan Tuna And Fish Market To Get Facelift
Busan is all set to get a renovated fish market, which would be one of the largest tuna and other seafood hubs in the country. The Korean Ministry of Oceans and Fisheries announced yesterday...
Nauterra Announces New CFO
On Tuesday, Spanish processor Nauterra welcomed its new CFO, Diego Otero. In a social media post in X, the company said that he will take over the position from David Llanas who had worked in...
Stockpiling Kept US Ambient Tuna Prices From Soaring
Prices for basic goods in the US remained relatively stable in June with the consumer price index (CPI) rising marginally by 0.3 percent from May. Ambient tuna prices rose only by a minor...
Dongwon Group Aims To Invest More In Senegal’s Tuna Sector
A delegation from South Korean Dongwon Group met with Senegal officials last week to discuss about boosting investments to scale up tuna processing in the African nation. Dongwon Group...
European Buyers’ Preference For Asian Canned Tuna Saw An Uptick
European brands, retailers, and traders increased their imports of canned tuna from Asia in the first three months of this year. Germany, the Netherlands, and Spain were the top buyers. Atuna...
PNG Refuses To Budge On Hard Stance On Deep Sea Mining
Papua New Guinea (PNG) is determined not to allow deep-sea mining near its waters. Prime Minister James Marape recently underlined his strong disagreement to deep-sea mining in the Bismarck...
Fiji Budget Allocates Millions Of Dollars To Tuna Sector
The Fijian government announced its 2025-26 budget earlier this month. Alitia Bainivalu, Minister for Fisheries and Forestry, said that FJD 24.9 million (USD 11.03 million) is allocated to...
Gaps In IOTC Catch Data Present Challenges But Quality Is Improving
The IOTC Technical Committee on Allocation Criteria (TCAC) is ongoing this week in Zanzibar, Tanzania, and will run until Thursday. Participants are discussing the allocation system for TACs...
CNFC Forecasts Profits In H1 Despite Poor Q1 Results
State-owned deep-sea tuna fishing company China National Fisheries Corporation (CNFC) Overseas Fisheries recently announced its forecast for the January to June period. It expects an increase...
Pew Executive Explains Why PB Stocks Are Under Threat Post Crucial Meeting
The recovery of Pacific bluefin stocks has been great news, but now experts are worried about the stock in the long run. The recently concluded Working Group Meeting on Pacific bluefin...
PNA Ports Handled Lower Tuna Volumes In May
Lower tuna volumes were headed to Asian processing hubs as transshipments in PNA ports dropped by 11 percent in May, compared to the previous month. Most of the activities took place in Papua...