Impacted by low tuna raw material prices, Grupo Conservas Garavilla has posted a 4.3 percent YoY drop in turnover. Total revenue has been calculated at EUR 330 million for 2014. According to...
Tuna Processing News
TUF Snaps Up Lobster In Acquisition Frenzy
Reeling in its latest purchase, Thai Union hassnapped up North Atlantic lobster producer, Orion Seafood International, under its already reputable brand, Chicken of the Sea. Hitting...
Worlds Largest Collection Of Tuna TV Commercials, Check It Out!
In a world where TV and internet advertising have become crucial marketing communication tools, the tuna industry, like many, takes to the screen to promote its products. At atuna.com, for...
The Black Meat Express – Roundtrip
Black tuna meat appears to be going on a lengthy roundtrip before arriving back in PNG, as the nation increasingly buys canned tuna from Filipino processors. The production line seems to...
Century’s Ambitious Five Year Growth Plans – Are They Realistic?
Philippine canned tuna monopolist, Century Pacific (CNPF), is eying substantial revenue growth over the next five years, and expects to outpace the country’s economic expansion. The firm’s...
Strikes In US Ports Start To Interrupt Tuna Processing
American Samoa appears to be one of the worst hit nations by the ongoing strikes on the US West Coast, as the country starts to feel the pains of shipping delays and low food supplies. As well...
Century Pacific Outpacing The Rest
In a bullish move, Century Pacific (CNPF:PM) shares have surged on the Philippine stock exchange (PSE), with 2015 growth outpacing other major tuna players, and beating the local index. A...
Analysts Trim Thai Union FY14 Profit Estimates
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...
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...
