The strengthening of the US dollar is continuing and it is close to parity with the euro. The value of the dollar has risen 16 percent compared to last May. Together with higher prices for raw...
Trade
Thiraphong Becomes New Chair Of Thai Union Group
Thai Union Group has announced that its CEO, Thiraphong Chansiri, will be the Chairman of the Board effective immediately. The company notified the Stock Exchange of Thailand (SET) on May 9...
Thai Union’s Q1 2022 Net Profit Drops 3.2%
Thai Union experienced significant canned tuna and seafood sales in the first quarter of this year, which pushed its net profit to THB 1.7 billion (USD 49.2 million). However, this was 3.2...
Tuna Scandal Defense Lawyers Unimpressed By Delay In Evidence
Defense lawyers of companies embroiled in the Mozambique USD 2 billion scandal have said that the country’s public prosecutor’s office (PGR) has had years to bring proper evidence against the...
Century Stock Recovering From 25% Crash
Yesterday, Philippines’ leading tuna processor, Century Pacific Food (CNPF) reported its Q1 numbers revealing a ten percent increase in both turnover and net income. The company’s share went...
Tuna Cannery Projects In Pacific Islands Competing For Investors
Provinces in Solomon Islands and PNG all have high hopes for their initiatives to attract investors for their local tuna sector but they have yet to encounter any that will take their...
Skyrocketing Costs Not Expected To Increase Spanish Canners’ EU Sales
A significant hike in manufacturing costs, especially for commodities such as steel, vegetable oil, and raw material is hitting the world's tuna processing industry. The Spanish canning sector...
Consorcio Continues To Reign Over Spanish Albacore Market
Grupo Consorcio has strengthened its position as Spanish consumers' preferred Bonito del Norte (albacore) supplier as the 2021 turnover rose. Its brand, Consorcio, has kept a leading position...
Readers Want To See StarKist’s Value Included In Merger
The minority shareholders of Dongwon Industries revolted against the merger between the listed fishing business unit of the Dongwon Group with unlisted Dongwon Enterprise. They found the...
Albacore Whole Rounds Demand From EU Canners Hit 5-Year Low
EU processors imported the lowest volume of albacore whole rounds in five years, which was influenced by a massive drop in purchases of raw material from EU-flagged vessels. The US fleet’s...
Seafood Expo Global Barcelona Ends Successfully
Attendees at the three-day Seafood Expo Global in Barcelona welcomed the overall good atmosphere of the well-organized event. After two years of missing face-to-face meetings due to the global...
Tri Marine Celebrates 50 Years In Tuna Business
Global tuna company Tri Marine will be celebrating its 50th anniversary this year. It was established in 1972 as an Italian government-owned tuna supplier based in Singapore to source...
Seafood Expo Global 2022 Begins In Barcelona
After a delay of two years, the Seafood Expo Global started today for its first edition in Barcelona. For three days until April 28, around 1,560 exhibitors from 76 countries are present...
EU Imports Of Yellowfin Whole Rounds Fell Drastically
EU canners’ demand for yellowfin is falling which is reflected in the major reduction of their imports in 2021 whereas they shifted towards buying more skipjack. Their yellowfin sourcing also...
Ecuador Ships Out USD 1.2 Billion Of Canned And Loined Tuna
The 2021 Ecuadorian fish export business increased in value by more than one-tenth of what it was worth in 2020. Tuna, which represents the vast majority of the industry, registered a boost...
Credit Suisse Sued Over Receiving USD 138 Million Bribes In Tuna Fraud
In the latest volley against Credit Suisse, Mozambique has filed a new lawsuit against the Swiss bank for allegedly claiming that it acted in good faith and that its employees had not accepted...
‘You Know’ Campaign Appeals To Consumer’s Love For Tuna
Iconic Colombian canned tuna brand, Van Camp's, has launched a new campaign ‘You Know’. Van Camp's owned by SeaTech International has realized that repositioning its products was not necessary...
High Transshipment Activity In PNG, Majuro Falls Back
More tuna was transshipped in PNA ports during March than in the previous month. The recovery brought back the volume to the same level as in January when the harbors recorded their best...
Canners Buy Less Whole Rounds, Switch More To EU Vessels
In 2021, EU canners purchased significantly less whole round frozen tuna. They also switched their sourcing more towards EU-owned and managed fleets, away from international vessels. Eurostat...
Skipjack Catches Improved For WCPO Vessels In March
Purse seiners navigating the WCPO increased their skipjack catches in March pushing the total landings up despite yet another drop in amounts of large yellowfin netted. Vessels continued to...