Seafood buyers in the US have halted their orders of Chinese seafood as the threat of increased duties looms, according to industry sources. The additional 10-percent duty on Chinese products,...
Processing
Prosecutor Withdraws Case Against Alliance Executives
The Regional Trial Court (RTC) in Makati, a city in the Philippines’ Metro Manila capital region- the country’s financial hub and location of the stock exchange- has agreed to withdraw a case...
Sajo’s Diversification Plan Raises Questions
A slowdown in South Korean market has forced one of the three major local tuna industry players, Sajo, to diversify. One of the areas the South Korean firm has been exploring is the meat...
Yellow Card Hurts Vietnam’s Canned EU Exports
Vietnamese exports of canned tuna to the European Union (EU) suffered a sharp decline in the first half of this year, highlighting the negative impact of yellow card issued to the country last...
‘Slaughter-Free’ Startup Aims To Replace Wild Catch
A US-based firm, BlueNalu, has secured USD 4.5 million in seed round funding after launching just two months ago. Like BlueNalu, a number of companies that offer substitutes for wild catch...
Brazilian Loin Processor Heavily Hit By EU Embargo
One of Brazil’s biggest tuna loin processors, Leal Santos, has said its turnover drop this year will be “very large” following the EU’s decision to completely ban the import of seafood from...
Tuna Discharges In Ribeira Surge
A sharp rise in tuna discharges on the port of Ribeira enabled the region of A Barbanza in the Spanish province of Galicia to maintain its supremacy in tuna trading activity in the first seven...
Could Tuna Price Controls Revive Venezuelan Industry?
The Venezuelan government has introduced price controls on certain essential products, including canned tuna, in order to contain inflation, which skyrocketed amid the ongoing economic crisis....
Ecuador Suspends Extra Container Charge For 90 Days
The extra container charge that was imposed on Ecuadorian tuna exporters has been suspended for 90 days. During this time, the exporters will not be made to pay any additional costs and the...
Vietnam’s Exports To Hit 2018 Target Despite US Decline
Vietnamese tuna exports crossed the USD 350 million mark in the first seven months of 2018 and are on track to hit the full year target, according to the industry association that represents...
Dongwon Reports Marginal Sales & Profit Growth
Dongwon Industries, major tuna fishing firm and the owner of US-based StarKist, reported a slight increase in its sales for the second quarter of 2018. The South Korea-based company, one of...
Strong Tuna Business Boosts Alliance Profits
Alliance Select Foods International released its financial results for the first half of 2018, reporting a substantial increase in profit. The surge was driven by the “implementation of...
Would A Stronger Dollar Benefit Thai Canners?
When Thai Union (TU) recently reported its earnings for the second quarter of 2018, the company noted the impact of a stronger Thai baht on its margins. Indeed, a stronger local currency...
StarKist Seeks Waste Disposal Permit In American Samoa
Starkist is seeking an environmental permit that would allow it to discharge waste from its cannery in American Samoa into the ocean. The request comes after the firm was fined by regulators...
Heatwave Puts Tsukiji Market In Crisis
Record temperatures in Japan have left wholesalers in the Tsukiji fish market struggling to keep their tuna fresh. As a result of a malfunctioning air conditioning system, sellers have been...
Stronger Baht Hurts Thailand’s EU Exports
Thai canned tuna exports to the EU have suffered in the first quarter of 2018 with shipments down considerably compared to the previous year. Major processor in the nation, Thai Union, has put...
Analyst Expects TU Profit Margin Recovery To Continue
Following the release of Thai Union’s (TU) second-quarter results that showed a recovery in profit margin, Bualuang Securities has said that the trend is likely to continue in the second half...
Alliance Exec Claims No Violation Of Corporation Code
Jonathon Dee, former Alliance Select President, is confident that he would be cleared of any charges relating to the alleged violation of Corporation Code of the Philippines. The Philippine...
TU Records $44 Million Charge For Price Fixing Settlements
Thai Union (TU) said in its second-quarter earnings release that its Tri-Union subsidiary, which operates in the US as Chicken of the Sea (COS), has set aside USD 44 million to settle civil...
New England’s 2017 Sales Boosted By Strategic Acquisition
The impact of the Albert Darnell Group acquisition was quite visible in New England Seafood’s (NES) recently filed financial results for the fiscal year that ended October 31, 2017. The...