As is the case with many island nations across the world, fisheries play a significant role in Grenada’s economy, despite consisting of only small-scale players. The Caribbean country heavily...
News
Shipping Rates Still A Headache For Tuna Sector
Ocean freight prices continue to be at remarkably high levels, thus the tuna sector is still facing an uphill struggle when sending their canned goods across the world. It does not help the...
Bumble Bee Adds New Commercial Exec, Continues Business Revamp
American canned tuna firm, Bumble Bee, has strengthened its commercial team with a new Vice President of Customer Development and Strategy, Alex Drew. He has more than 20 years of experience...
Vietnam’s Tuna Exports Recovered In 2021
Vietnamese tuna exports have grown strongly in 2021 as reported by the Vietnam Association of Seafood Exporters and Producers (VASEP). The total value of the shipments reached around USD 757...
NZ Fishing Company Fined For Operating Non-Compliant Vessel
A tuna fishing company in New Zealand has been fined thousands of dollars after one of its vessels was found to be fishing without a Certificate of Survey, a mandatory document in the country...
Pandemic-Driven Sales Pushed Up Princes Group’s Operating Profit By 30%
International food and drink group, Princes, announced that it experienced continued growth in the 2020/2021 financial year due to pandemic-driven sales in its core businesses including canned...
The Australian Seiner Which Kickstarted Tuna Sector Turns 70
The ‘MFV Tacoma’, Australia’s first purse seine tuna vessel will be turning 70 years old on January 18. It was pivotal in launching the tuna industry in the country's south. It took builders,...
Most RFMOs Set Dates For 2022 Annual Meetings
Most of the dates for the annual meetings of the various RFMOs have been set. In a recently uploaded document, IOTC has confirmed that its 2022 gathering will take place from May 16 to 20....
Dongwon Eager To Expand Its Pet Food Portfolio With New Deal
Dongwon F&B is moving strongly into the pet food sector partnering with BM Smile, an operator of a domestic pet product brand, Pethroom. With this move, Korea’s largest canned tuna company...
Year Starts Off With Unusual Bullish SKJ1.8:BKK Price Trend
The year has started with the skipjack trade in Bangkok becoming bullish with indications that this trend might continue. Atuna sources are saying that processors have to pay about USD 100...
Most Active Bigeye FIPs In High Risk Zones
Tuna fishing companies pursuing sustainability enter Fishery Improvement Projects (FIPs) aiming to take their practices to higher levels, often to meet the MSC standards. The health of the...
New Maritime Act Calls For US Navy To Share Data On IUU
The US Congress has passed a maritime security proposal that requires the country’s navy to report on security measures related to IUU fishing. It is aimed at protecting America's fishing...
Nirsa To Provide Higher Education For Employees
The Ecuadorian processing company, Nirsa, has announced an agreement with the University of the Pacific to help employees looking to pursue technological studies. The program is already in...
Vast Majority Of Yellowfin FIPs In Areas Where Stock Is Already Green
Fisheries wanting to improve their sustainability practices with clear-cut goals that will help them on the path to achieve fisheries eco-labels in the future often engage in Fishery...
More Scrutiny On Green Bonds, A Good Thing For Tuna Firms?
Financial think tank, Planet Tracker, in a blog post on January 6 listed several predictions with regards to global financial markets. One of them points to an expected increased scrutiny...
Indian Officials Offering Subsidy For Tuna Gillnet Boats
At a time when gillnet fishing is very much under scrutiny for its huge volume of bycatch, South Indian authorities have a scheme for fishermen to purchase tuna gillnetters and longliners. The...
South Africa Forced To Reopen Online Fishing Allocation System
An online application system allocating the annual fishing rights for tuna pole-and-liners and other seafood in South Africa has been re-opened, giving more time for fishers to submit their...
Eritrea Officially Leaves IOTC After Years Of Non-Compliance
The African nation of Eritrea has announced its official and indefinite withdrawal from the IOTC effective the beginning of 2022. The move was announced in a letter the country sent to the...
Chris Lischewski Now Targeted By Civil Case For Price-Fixing
While former CEO of Bumble Bee, Chris Lischewski, is serving his time in prison for his criminal involvement in price-fixing shelf-stable tuna, he has now been hit with a civil lawsuit by a US...
Ivory Coast Fishmongers Want Govt To Implement Cap On Faux Thon
Authorities in Ivory Coast have introduced a policy to regulate the price of faux thon in an attempt to control the market and avoid speculation. Fishmongers and wholesalers are now urging the...