News

Canned Bonito Imports Booming In US Food Service

The food service business in the US appears to be switching to canned bonito instead of skipjack as the demand for this tuna-like species is continuing to grow. US importers purchased the...

EU-UK Agree On Albacore Limit For 2023

The EU has concluded negotiations with the UK regarding the fishing opportunities of the EU fleet in British waters and to jointly manage the 74 stocks in both nations' EEZs in a sustainable...

What Will Be The Forecast For Tuna Sales In 2023?

Last year, freight prices were causing a massive headache for the global tuna industry and the hard times continued in 2022. The Russian-Ukraine war created a massive shortage in the sunflower...

US Fund Invests In Philippines Tuna Firm

A US-based investment organization, Meloy Fund, will be financing Philippines-based tuna and seafood processing company, JAM Seafoods, to help it expand its capacity and perhaps even extend...

NOAA Orders Wespac To Pay Back Over USD 800,000

NOAA’s Acquisition and Grants Office has ruled that Wespac, the Council representing the fishing industry in the US territories, has to return more than USD 800,000 within the next 30 days....

Tuna Pouches Business In The US Continues Rising

Americans are showing more interest in easy-to-consume tuna pouches as the latest data shows retailers and traders continue importing more of the product in 2022. US buyers imported 37,630 M/T...

Thai Union Announces Share Repurchase

The Thai Union Group has launched a program to buy back up to 200 million of its outstanding shares, representing 4.19 percent of the total number. The program will run until June 30, 2023,...

i-Tail Expands Sales To China And Europe

The i-Tail Corporation PCL notified the Thailand Stock Exchange on December 16 of its decision to expand operations to China and Europe. The company, a subsidiary of Thai Union Group,...

Majority Shareholder Sapmer Intends To Sell Its Stake

Laurent Virapoullé, the owner of toothfish fishing company Pêche Avenir, mentioned in an interview with Le Marin on December 6 that Sapmer is for sale. It caused a shock in the business that...

Vietnam Fears Red Card With Recent Violations

Vietnam’s tuna and seafood exports to the EU are growing. albeit slowly, and the country’s officials are worried that the yellow card is hindering trade. While monitoring and control of...

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