The US tuna price fixing case was a big talking point at the recent Americas Tuna Conference, with involved lawyers revealing their expectations over the extent of potential fines. One of the...
Trade
IO Prices Slump Further, But General Bullish Mood
The latest deals on skipjack and yellowfin in the IO hub of the Seychelles have been concluded at further reduced levels, and some boatowners now have plans in place to keep a number of...
Strong Surge In Bali’s 2017 Tuna Shipments
Tuna exports from the Indonesian island of Bali increased significantly in 2017, growing by more than 75 percent. Although this was an improvement year on year, shipments have not yet...
Boatowners Push Up BKK SKJ Price By Spreading Supply
Boatowners sending their catch to Bangkok on carriers have managed to slightly push up the skipjack price, by spreading supply between both the Thai capital and Manta. With good catching rates...
MSC Adjudication Big Win To PNA Fishery
After an extensive process and adjudication, the PNA free-school skipjack and yellowfin tuna fishery has again been recommended for MSC recertification, this time by the Independent...
The Emerging Shift Of WCPO Catch To Manta
WCPO caught tuna is playing a larger role in Latin American markets, according to Sancho Kim, Operations and Sales Manager at major South Korean tuna fishing firm Silla. He talks of oversupply...
Experts Discuss The Consumer’s Role In Sustainability
It is the industry’s responsibility to ensure that tuna is caught sustainably, not the consumer’s, argued PwC’s tuna expert at the Americas Tuna Conference in Panama last week. During a panel...
2018: TU Eyes Biggest Sales Growth In Years
Thai Union is targeting sales growth for 2018 that would mark the strongest upturn in nine years, with a five percent increase being the forecast. Organic growth in the firm’s global business...
COS Partners With Pacifical To Bring MSC Tuna To US Shelves
One of the US’ Big 3 tuna players, Chicken of the Sea, has introduced Pacifical MSC tuna to American supermarket shelves, through its Genova brand. COS signed an MoU with Pacifical, the...
Retailer Commitments Advance Growth Of MSC
Retailers in markets around the world choosing to make MSC certification part of their seafood sustainability policies is helping the label grow, says a representative from the Council. ...
Price Fixing Lawyers Expect 2020 Trial & Major Fines
Lawyers representing a number of plaintiffs in the US canned tuna price fixing case expect that the trial date on the civil litigation will finally come during 2020. Movement has so far been...
Walmart Falls Short On Ecommerce Growth
The world´s largest tuna buyer, US-based Walmart, reports lower than expected growth of its ecommerce business in its latest financial results. The brick and mortar chain is eager to expand...
Increased Landings Help Boost Phil Shipments To US
Although several Philippine tuna canners said their focus was no longer on the US market, exports from firms in the Asian nation to US buyers climbed by 13 percent last year. One Filipino...
Italian Brand Turns Back The Clock With New Range
An Italian tuna brand has expanded its tuna product range and it now has references which recover “old traditional methods”. While the tuna sector as a whole has been found to turn towards...
Tri Marine Founding Executive Retires
The Managing Director of Tri Marine’s European operations, Carlo Mango, who was also one of the company’s founding shareholders, retired at the start of this year. In a letter announcing the...
The 5 Major Fleets Behind Heavy BKK SKJ Supply Drop
At certain times in 2017 there were reports of bad catching conditions and short supply to Bangkok, which drove the benchmark skipjack price to climb to a record level around October. But just...
Vietnam’s Alternative & Booming US Tuna Business
Vietnamese processors saw a loss in their canned tuna exports to US buyers last year, but some firms in the Asian nation have secured a substantial boost in an alternative tuna business....
Japanese Seafood Giant Posts Disappointing Profits
One of the world’s biggest seafood companies in terms of revenue, Japan’s Maruha Nichiro, has reported improved turnover for the first three quarters of this financial year. The firm, which is...
Pinsa’s Exports Challenged By Low Raw Mat Supply
Mexican tuna firm Pinsa is hoping to maintain its strong position on the domestic market this year, while at the same time targeting increased international trade. For the group to expand its...
US Votes To Extend Ecuador Free Trade, But Still Not For Tuna
The US Congress has voted on the extension of Ecuador’s GSP (Generalized System of Preferences) status with the country, and approved the first stage for continuation of free trade benefits....