Tuna has to take a bigger part in the food security of Palau, emphasized Steven Victor, Minister of Agriculture, Fisheries, and Environment. He argued that besides income from fishing...
Processing
Anfaco Arranges Favorable Financing For Its Partners
Spanish seafood processors association, Anfaco-Cecopesca, has arranged an alternative financing stream for almost 250 affiliated companies. The agreement with Cajamar Business Bank offers...
No-Drain A Way To Reduce Oil Costs Of Canned Tuna?
Global canned tuna processors are facing high costs along their supply chain – from more expensive raw material to skyrocketing prices of edible oils, freight, and steel plates. Given that...
O3C Lab Opens For Omega-3 Oil Innovations
The Omega-3 Centre of Excellence (O3C) has opened its modern laboratory for refining Omega-3 oils to interested companies for collaboration in exploring the applications of the oil for infant...
Thai Union’s USD 10 Million Strategic Investment In IOT
Thai Union Group sees the Indian Ocean Tuna (IOT) plant as a strategic facility for its tuna business and is therefore planning on investing another SCR 138 million (about USD 10.3 million) in...
Thais Shipped USD 495 Million In Q1, Steep Costs Raising Prices
Business for Thailand’s canned tuna processors was off to a good start in the first quarter of 2022, with overall shipments remaining relatively stable despite the steep increase in the...
Ecuador Joins Latin American Tuna Groups To Recycle Fishing Nets
Several tuna groups in Latin America are working together for a net recycling project (Net Positiva) aiming to mitigate the impact of ghost gear in the oceans. Ecuador will soon be joining the...
Thai Union Tops Index On Social Responsibility
Thai Union Group has topped a global index of the top 30 most influential seafood companies that were ranked for their efforts on social responsibility, environmental sustainability,...
Solomon Islands Is Making Progress With Bina Harbor Tuna Cannery
There is major progress underway for the Bina Harbour Tuna Processing Plant Project in 2022, the Solomon Islands’ Ministry of Fisheries & Marine Resources stated in a press release over...
Big Three Conspired To Block FAD-Free Tuna In US Market
A US federal judge has ruled against StarKist saying that the FAD-free agreement that it made with its two competitors was not in good faith. It signals a win for tuna buyers who are suing the...
Jealsa, Victim Of A Calculated Blackmail?
Authorities in Spain have pointed the finger once again at the canned tuna powerhouse Jealsa for illegal dumping of waste into the Ría de Arousa sanctuary. The company was quick to respond...
Is Dongwon Making The Right Move By Undervaluing StarKist?
Dongwon Group's announcement about the merger between Dongwon Industries with unlisted Dongwon Enterprise has raised the ire of minority shareholders. They revolted as they found that the...
Chinese Lanrun Group Expanding Tuna Processing Hub
Shangdong-based Lanrun Group has resumed its tuna processing production for global exports after its operations were affected by the COVID-19 pandemic. It has also been making great efforts to...
Atunlo’s Dismissal Of 14 Workers Angers Union
Workers of the Atunlo O Grove processing plant protested at the gates yesterday afternoon, demanding the company reverse its decision on dismissing 14 employees without notice last week. They...
Dongwon Faces Lawsuit Over Undervaluation Of StarKist
Minority shareholders are considering filing a lawsuit against Dongwon Group over the plan to merge Dongwon Industries with unlisted Dongwon Enterprise on October 1, 2022. They claim that the...
StarKist Valued At Zero, Shareholders Revolt, Stock Dumped
The minority shareholders in Dongwon Industries flocked to sell their shares after the announcement of the merger between the company and its unlisted holding company Dongwon Enterprise. These...
StarKist’s Loss Of Class Action Appeal Could Lead To Tsunami Of Claims
A majority of a panel of judges in a Californian appeals court has ruled that the class certification for the multi-district lawsuit (MDL) against tuna companies for price-fixing shelf-stable...
Should TU Execs Involved In Insider Trading Be Dismissed?
The news that some Thai Union Group executives, including its Chairman, Kraisorn Chansiri, were involved in insider trading was a shock to the global tuna sector. On April 4, Atuna reported...
StarKist Opens New Corporate HQ In Virginia
Yesterday, StarKist Co. opened its new corporate and administrative headquarters in Reston, Virginia, after 10 years of allocation in Pittsburgh, Pennsylvania. The new property of the 1917...
Readers Convinced High Edible Oil Price Will Influence Consumers
Edible oil prices were already surging and the Russian-Ukraine war has worsened the situation by causing even higher prices and shortages because these nations are the main suppliers of...