There has been no movement in the SKJ1.8: BKK price at the start of this year. With hardly any trading activity taking place, the level remains at USD 1,300 M/T, although there are...
Trade
Princes Group: Raw Mat Prices To Blame For Profit Dip
The Princes group has seen a GBP 13 million (USD 16 million) pre-tax profit drop for the financial year ending March 31, 2018. This decrease occurred in spite of the 6% rise in...
Spain’s Major University Launches Fishing Marketing Course
The faculty of Economic and Business Sciences at UNED will host the first diploma of profession expert in Fishing Marketing.The National Distance Education University (UNED) has more than...
Canadians Buying More Canned From Indonesia And Vietnam
Southeast Asian countries dominate the canned tuna export to Canada, accounting for more than 92 percent of the total volume of tuna supplies. Canada has a total area of 9.9 million...
Ex-bankers Acted Alone On Hidden Debt Scam – Credit Suisse
Global bank Credit Suisse, whose former employees were arrested over charges of involvement in a USD 850 million tuna fraud, maintains the employees acted on their own personal interest...
UK Demand Continues To Decline In Q3, Philippines Taking The Market
United Kingdom has shown an overall steady decline in the import of canned tuna over the last two years, losing over 14,000 M/T since 2016 third quarter or 16 percent of the total volume. This...
US China Trade War: No Additional Taxes On Tuna… For Now
Three days of intense negotiations between China and the US has ended with no further tariffs being implemented, neither on canned tuna and frozen pre-cooked loins from...
Chicken Of The Sea Settles Anti-trust Lawsuit With Retailers
Thai Union’s Chicken of the Sea (COS) International has reached a cash settlement with 29 companies to resolve an anti-trust lawsuit concerning a price fixing collusion from 2010 to...
Heavy Users Of Rio Mare Tuna Can Win Daily Gift Packages
Leading Italian tuna brand Rio Mare boosts its sales in the beginning of the year through discount promotions from the period of January 7 to March 17, 2019. Consumers may also choose to...
No Violations In Panama-China Black Skipjack Deal
China is not breaching any national law regarding fishing and trade, according to the Water Resources Authority of Panama (ARAP). All requirements concerning inspection, quarantine, and...
EU Q3 Canned Imports Soften, Strong Rise In Prices
During Q3 of 2018, overall EU import volume of canned tuna fell by 2 percent, with importers paying 10 percent higher CFR prices across markets. Major buyers in...
EC Lifts Thailand’s Yellow Card Status
After almost four years, the European Commission finally delists Thailand from the yellow card warning for actions in combating illegal, unreported and...
18 More Arrests In Crackdown On $850 M Tuna Bond Scandal
A series of charges continues against those involved in the USD 2 billion fraudulent loans in Mozambique, including a USD 850 million debt scam incurred to finance a state-owned tuna fishing...
Vietnam Reaps Benefits From US – China Trade War
The US remains as Vietnam’s largest export market for tuna, accounting for 34 percent of total export value in this sector. VASEP attributes the upward trend to US seafood importers who have...
Ex-bankers Arrested In London Over USD 850 Million Tuna Fraud
Five days after the arrest of former Mozambican finance minister, three ex-Credit Suisse Group AG bankers were arrested in London over alleged involvement in the USD 2 billion worth of...
Bluefin Fetches $3 Million At New Tokyo Market
Despite the relocation of Tokyo's Tsukiji market (now Toyosu) to its new waterfront location, its ceremonial tradition remained intact with auctioneers yelling prices for the much-coveted...
Tuna Lantern Set To Break 30-Year Tradition
A lantern in the shape of a tuna will be featured as the main lantern in the Taiwan Lantern Festival, for the first time in three decades.The choice will break a tradition of using animals...
Tuna Sculpture Almost Ready For Unveiling
A sculpture depicting a tuna pole and line fisherman pulling a fish from water is nearing its completion.The much anticipated sculpture was originally planned to be unveiled in...
China Lowers Tariff On Frozen Tuna Products
China has invoked tariff cuts across most of the main tuna species, albacore, yellowfin, bigeye and various bluefin tunas, all frozen. The change will make a number of imported...
Elders Victimized In ‘Magic’ Tuna Oil Fraud
A total of 149 elderly people have been deceived in a fraudulent sale scheme involving overpriced tuna oil from Nov. 2017 to May 2018 in Yangzhou, China. The scammers...