Today, Thai Union announced additional information about its acquisition of shares in TUMD Luxembourg S.à.r.l, which Atuna reported on recently. Thai Union currently holds 49,732,490 shares,...
Trade
Seafood Expo Asia, Yet Another 2020 Event Cancelled
The 2020 Seafood Expo Asia edition, which was scheduled to take place on November 18-20 in Singapore has been canceled due to ongoing health and safety issues caused by the coronavirus...
TU Owns Majority Of Leading Russian Tuna Producer’s Shares
Thai Union has taken control of the vast majority of shares of Russia’s number one canned tuna producer, the DPR Group. On August 11, Thai Union Group (TU) announced the approval for the...
Record US Sales For Thai Canners In H1 2020
So far, 2020 has been a very strong year for Thai canners. The figures for the second quarter (Q2) showed a sturdy increase in their canned tuna export volume, reaching the highest level in at...
Good First Quarter For Alliance Select, Shares Recovering
The Philippines’ tuna and seafood company, Alliance Select, revealed positive results for the first quarter of the year. This is good news for the firm as last year it experienced negative...
Thai Union Surviving Despite Red Lobster Blow
Thai Union released its 2Q 2020 figures today reporting that the company managed to increase its net profit by 13.4 percent year-on-year despite lockdown closure of its Red Lobster restaurant...
Grupo Herdez Ceases Tuna Production
Although canned tuna was its best-selling product in the first half-year, Grupo Herdez announced it is selling its canned tuna brand Nair, which accounted for only 1.4 percent of the company’s...
Tuna Fisheries Report Card 2020 To Be Discussed Virtually
Today starts the first-ever online meeting of the Forum Fisheries Committee (FFC) during which the Tuna Fisheries Report Card 2020 will be discussed. The gathering will be held until tomorrow...
Surging StarKist Sales Boost Dongwon Industries’ Q2 Profit
The strong performance of StarKist's sales in the US market during the first quarter of 2020 continued in the following three months, boosting the Q2 figures of its Taiwanese owner Dongwon...
Maruha Nichiro Betting More On Aquaculture, Less On Wild
The new CEO of the Japanese company Maruha Nichiro, Ken Ikemi, said that in order to survive the current challenges derivating from the COVID-19 pandemic, the business needs to focuss more on...
Is The FAO Code On Canned Tuna The Way To Go?
The FAO area code that indicates where the tuna was caught is mandatory for canned tuna sold in the EU. However, canneries are starting to standardize this practice and more and more products...
Import Duties Could Strangle Peruvian Tuna Canneries
The Peruvian tuna industry might be facing extinction thanks to a law that looks to charge national canneris a 30 percent import tax for the raw material supplied by foreign vessels. This is...
Weakening US Dollar A Boom For EU Tuna Buyers
Since late-May, the most traded currency in the world, the US dollar, has been gradually losing its dominance. Most global tuna deals are done in US dollars, hence could the current situation...
EU Assigned Vietnam Canned Tuna Quota For 2020
The EU-Vietnam Free Trade Deal (EVFTA) enables Vietnam to export 11,500 M/T of canned tuna duty-free based on origin fish to the economic block per year. However, the agreement came in force...
Explosive Tuna Sales In Heavily Hit UK Economy
While according to the UK Office of National Statistics local GDP fell by an astonishing 19.1 percent in the three months to May 2020 and the food services sector lost 71.7 percent of its...
Major Global Tuna Highlights July 2020
July was an important month for the worldwide tuna sector as prices at the ports of Bangkok and Manta commenced to recover - a consequence of primarily the FAD ban and the first fishing...
Bull Run For Chinese Seafood Shares
What is happening in China with the stock markets as the government encourages the people to invest in shares? Many companies are profiting from it. This includes tuna vessel operator CNFC...
Tri-Union Sues Retailers Over Brand Infringement
Tri-Union Seafoods LLC has filed a lawsuit for trademark counterfeiting and infringement against three New Jersey retailers who have been illegally selling Van Camp's canned tuna imported from...
Do Consumers Have A Clue About FAO Zones On A Tuna Can?
In Europe, it is required by law that a producer has to specify the catch area by the FAO code on a tuna can. That rule applies to all seafood products sold within the economic block. But do...
Bumble Bee Says Bye-Bye To Horatio The Bee
Bumble Bee has launched a new tuna product called Protein on the Run, which looks to supply consumers with a healthy snack high in protein. Although the company already has several...