UK-based Princes Group, which sells its tuna products under the Princes brand, is speculated to be sold before the end of this year. Three equity firms – Epriris, Lone Star, and One Rock...
News
Greeks Show Love For Tuna, Segment Keeps Growing
Greeks have been tuna lovers since ancient times, said Gianna Tzika, CEO of Konva (North Aegean Sea Canneries), which owns the tuna brand Trata When providing an overview of the tuna market in...
UN And Red Cross Sends Canned Tuna As Food Aid For Civilians In Gaza
The United Nations and Egyptian Red Cross sent twenty trucks with desperately needed food, including canned tuna, and water to the people in Gaza where the conflict has cut them off from the...
Seafood Veteran Ventures Into Thai-Based Tuna Company
Thailand-based tuna and seafood company Black-Fin Seafood Company has welcomed Doug Brinsmade as its new co-founder. The industry veteran returned to the tuna business by entering in a joint...
Low Yellowfin Supply & High Prices Slashed EU WR Imports
Far fewer reefer containers filled with yellowfin raw material were delivered to EU processors at the beginning of the year, impacted by high prices and low supply from key fleets. The tuna is...
Fiji Wants To Strengthen Its Tuna Resource Management
The tuna industry plays a pivotal role in the national economy of Fiji contributing USD 200 million to government coffers. The Pacific Island is looking at ways to strengthen the stewardship...
Technology Plays Pivotal Role In Combating IUU Fishing In Pacific
Technology plays an important role in tracking IUU fishing activities in the Pacific Ocean which has the largest tuna resources in the world. Bubba Cook, Central and Western Pacific Tuna...
Mature Albacore In Indian Ocean Prefer Warmer Waters
A new study has revealed the spatial patterns and environmental preferences of mature albacore in the Indian Ocean (IO). Researchers identified that this species of tuna in the IO prefers to...
European Parliament Wants Strict Control Over Chinese Tuna Products
In a plenary session on Tuesday, the European Parliament called for stricter control of tuna and other seafood products from China. Tuna entering the bloc through zero percent duty was put...
US Consumer Demand For Tuna Pouches Tripled In More Than A Decade
One of the key trends in the US canned tuna market in 2022 was the shift from cans to pouches. Consumer demand for easy to eat pouches has grown exponentially over the years due to product...
MSC Tuna Products Sales Rose By 35 percent In Two Years
MSC in its annual report states that sales volume of its tuna products sold with the blue logo has increased in the past two years. The 2022-23 annual report ‘Celebrating Sustainable Seafood’...
New Ecuador President Vows To Fight Drug Cartels
After two election rounds, Daniel Noboa has been finally chosen as Ecuador’s new President. In his speech, he promised to “give back peace to the country” referring to the growing presence of...
EU Red Card Major Setback For Trinidad And Tobago’s Chilled Tuna Exports
The EU issued a red card to Caribbean nation Trinidad and Tobago last month. Its tuna and other seafood products will now be banned from entering the European bloc. The Commission stated the...
Whole Round Skipjack Imports Hit Record-Low Level In EU
Canneries in Europe bought the lowest quantity of frozen skipjack whole rounds in more than a decade in the first half of this year. Import quantity fell by eight percent while the tuna was...
Will Transparency In Fishing Activity Remain An Issue For Tuna Vessels?
Ten fishing nations have pledged to be completely transparent about their fishing vessels’ activities and make their Vessel Monitoring System (VMS) data public. These include the tuna fishing...
Mozambique Seeks USD 3.1 Billion From Privinvest In “Tuna Bonds” Scandal
The Mozambique government is getting tough on all parties that have been allegedly involved in the tuna bond scandal that led to the nation’s economic breakdown. The London High Court on...
Korean Company Signs Deal With Silla To Revolutionize Tuna Fishing
A Korean company has developed a drone to detect tuna schools and signed a deal with Korean vertically integrated fishing company Silla Trading. Marine Drone Technology is currently...
Thai Union Tops Sustainable Seafood Companies List
Thai Union has secured the top rank in the 2023 Seafood Stewardship Index (SSI) for the third consecutive time. The recognition from the World Benchmarking Alliance (WBA), which evaluates SSI,...
Saudi Arabia’s Canned Tuna Business Hit USD 125 Mln In 2022
Saudi Arabia is the third largest canned tuna market in the Middle East region after Egypt and Libya and the demand is growing. Arnab Sengupta, Deputy CEO, JMB International, said the country...
EU Processors Massively Reduced WR Intake Due To Lower Sales
EU processors largely reduced their purchase of frozen whole round tuna in the first half of 2023 amid weakened consumer demand and inflated costs for producing canned tuna. There was a 21...