Snipping at original estimations, analysts have now trimmed down forecasts of Thai Union’s total 2014 profit. Bualuang Securities has reduced previous forecasts by four percent, which factors...
Processing
Alliance Select: Gaining Muscle
Investor confidence appears to be growing, as shares in Philippine-based Alliance Select (FOOD:PM) take an upward move. A significant shuffle of the firm’s board of directors, and the granting...
Officials Step Into The Boots Of Tri Marine Tuna Cleaners
US Samoa officials experienced cannery operations first hand this weekend, as Tri Marine’s Samoa Tuna Processors (STP) plant opened its doors. Officials and tuna professional from across the...
Can You Run A Loining Plant For 12 Yrs Without Profit?
Running a tuna processing operation for twelve years with no profit for its shareholders? PNG’s National Internal Revenue Commission (IRC) is investigating what causes this consistent lack of...
Tri Marine Prepares To Open Doors To New Cannery
Tri Marine is gearing up for its inauguration ceremony in American Samoa, as its Samoa Tuna Processors (STP) cannery is set to open on Saturday (January 24th). As many as 1,500 workers are...
Delays In US-EU Free Trade, Good For US Samoa Canners?
Public opposition to a US-EU free trade agreement could be good news for American Samoa tuna canners. According to Tri Marine COO, Joe Hamby, the current free trade negotiations have...
Dongwon’s Stake In US Canned Salmon Processor Finalized
Dongwon’s purchase of a 12 percent ownership stake in Silver Bay Seafoods, an Alaskan based canned salmon processor, is finalized. The acquisition became public in November, and now Silver Bay...
Bill To Make San Diego’s Tuna Harbor Thrive Again
California’s tuna trade markets for locally caught fresh fish could come to flourish once again, as Assembly Speaker Toni Atkins proposes a bill that would make the boat-to-customer process...
Spanish Canner’s Move To Brazil Faces Export Challenge
Following a long reign in Guatemala, one big-time Spanish tuna producer is now ready to further expand its business in South America, but one concerning factor may be an obstacle to that....
Strong Start For Asian Tuna Shares
From powerful peaks to one year highs, 2015 is proving a positive year so far for Asian tuna shares, with steady to strong performances across various stock markets. The most bullish behavior...
Quality Products Pull Italian Market Through The Crisis
Last year was a relatively uplifting year for the Italian canned tuna market, and seafood sector as a whole, having survived an ongoing economic crisis with positive figures. Though small...
Anfaco: Philippines To Damage Spanish Industry
Spanish canners have outwardly expressed their concerns over the approval of the Philippines’ GSP+ application. Anfaco has stressed that the removal of tariffs on EU imports of Philippine...
Venezuelan Cannery Suffering From Empty Can Shortages
In Cumana, Venezuela, one tuna canning plant has halved its production staff. The job losses are due to an increase in imports of already processed and cleaned pre-cooked frozen tuna loins and...
Bumble Bee Plan To Build New Loining Plant On Hold
Bumble Bee Foods, newly acquired by Thai Union, could be looking at a review of its plans for a new processing plant in Apia, Samoa, which appears to be taking some time. Last year the...
Aircon Used To Secure Tuna Workers?
On their return to work following the Christmas break, StarKist Samoa tuna cannery workers have arrived back to an aircon-fitted factory. Being an isolated territory with limited access to...
2015 EU Tuna Loins Quota Depleted In No Time
On January 1st, the new yearly quota for pre-cooked tuna loins became available to EU nations, enabling EU canners to acquire pre-cooked loins duty free, from anywhere. In 2013, this...
No Gap On Ecuador Zero Duty
A regulation to allow Ecuador to hold onto its zero duty trade preferences with the European Union was adopted and published just in time. With an end of 2014 deadline on the nation’s GSP+...
250 Tests Daily To Assure Tuna Quality
In today’s tuna industry, high quality can be the key to success, and consistent monitoring and qualitative testing is the key to ensure and maintain high quality; but not all production...
Fijian Tuna Processor Not Affected By Bumble Bee Acquisition
As a supplier of 50 percent of the albacore going to Bumble Bee Seafoods’ Santa Fe cannery, Fiji’s major fish processing company, PAFCO, says that it will not be affected by the recent switch...
Phil GSP+ Gives Little Confidence Boost To Century Investors
End of December, the Philippines was handed a ticket to zero duty canned tuna trade with the largest import market in the world. The GSP+ deal secured with the European Union was a huge plus...