Much to the relief of the global tuna sector, dry container rates are not just sliding down but are almost back to normal levels. However, reefer prices are proving to be more resilient and...
Trade
Ecuadorian Company Nirsa Celebrates 65th Anniversary
Ecuadorian processor Nirsa is celebrating its 65th anniversary in the seafood business. The company owns market-leading ‘Real’ canned tuna brand and produces other seafood items. Its products...
Dongwon Industries Successfully Completes Merger, Now Group’s Holding Company
After several roadblocks over the past few months, Dongwon Industries has completed its merger with Dongwon Enterprise and has become the holding company of the entire Group. This move...
TU Sees Highest Quarter Sales At USD 1 Billion, Red Lobster Remains A Loss
The Thai Union Group announced it achieved an all-time high quarterly turnover. Its Q3 2022 sales reached over USD 1 billion, propelled by PetCare, value-added, and canned tuna business. On...
Philippines Eager For EU To Continue GSP+ Tax Privilege For Tuna
The Philippines has once again expressed its interest in continuing preferential trade under the EU’s GSP+ scheme, a special incentive arrangement given for sustainable development and good...
South Korea To Build Tuna Trade Center In PNG
Following last week’s bilateral meeting between South Korea and Papua New Guinea, the Foreign Affairs Minister of PNG, Justin Tkatchenko, announced that the Asian nation will invest in...
China Offers To Help Gabon Widen Tuna Industry
China entered into talks with Gabon to expand its tuna industry. A meeting was held last week between Minister of Fisheries and Maritime Economy, Oswald Séverin Mayounou, and Chinese...
China Seafood Expo Canceled Due To Spike In Covid Cases
China’s largest seafood fair, organized by China Fisheries and Seafood Expo (CFSE), has been canceled due to a spike in Covid cases in the city of Qingdao. SeafoodSource reported that the...
With No Post-FAD Ban Peak Supply, SKJ1.8:BKK Levels
There appears to be a wait-and-see approach from buyers and purse seine operators in the Bangkok market which is keeping the skipjack price steady. According to Atuna’s sources, deals for...
StarKist Tells Supreme Court To Review Price-Fixing Class Certification Again
StarKist has requested the US top court to review the Ninth Circuit’s ruling on class certification for tuna buyers. The company has been fighting tooth and nail in the US courts to ensure...
Maldives Government Requests EU To Exempt Duty On Tuna Products
The Maldives, has requested the EU to consider granting duty-free access for sustainably sourced tuna products. Years ago, Maldivian tuna products were not taxed in the EU because the...
US Tuna Fishing Vessel Fined For “Paper Captain” Violation
A longliner fishing for albacore operating out of Ilwaco, Washington, was recently seized by the US Coast Guard (USCG). Authorities said the 89-foot (27 meters) boat violated the “Jones Act”...
Former TU Procurement Head Kevin Bixler New CEO Of Peter Pan Seafoods
Kevin Bixler, former Global Director of Group Fish Procurement for Thai Union, has been hired by US-based Peter Pan Seafoods as their new CEO. He is also the Chair of ISSF's Board of...
US Big Three Cannot Get Judge To Dismiss Multi-State Claims
The US Big Three and their parent companies were successful in their legal arguments in convincing a US federal judge to drop part of the claims brought against them by tuna buyers. The claims...
Saupiquet Deutschland To Be Renamed Bolton Deutschland
Saupiquet Deutschland, one of the leading tuna brands in Germany, has announced its name change to Bolton Deutschland by end of this year. The company informed that only its moniker...
Former LG VP To Take Over As StarKist CEO
Leading US tuna brand StarKist has appointed Chae-Ung Um, the former Corporate Senior Vice-President with LG Electronics, as its new Co-President and CEO. The Dongwon-owned company confirmed...
Police Seized Drugs Worth Millions In Tuna Shipment To Vigo
The Spanish Civil Guard has once again seized narcotics from container shipments from Ecuador into Vigo port, including one which contained tuna loins. Over the years, there has been an...
Thailand Gains Back Top Exporter Spot Of Scandinavia In H1
Scandinavian countries imported more canned tuna in the first half of 2022 than the last year. Thailand regained business and returned to the top spot as the main exporter to this region....
Portuguese Supermarkets Introduce Theft Alarm For Tuna Cans
Increasing poverty in Portugal has propelled supermarkets to put canned tuna in clear plastic cases with alarms. The Portuguese Association of Distribution Companies (PADC) pointed out that...
EU Parliament Adopts Two Percent Mandate For Green Marine Fuels
The world's most ambitious mandate on maritime decarbonization was adopted by the European Parliament (EP) in its FuelEU Maritime policy on October 19. The EU approved the two percent...