The long-term sovereign debt of Mozambique, caused by loans to companies such as state-owned tuna fishing company EMATUM, has been reduced one level from “CCC” to “CC”. Credit rating agency...
Trade
TU Stocks Sees Solid Recovery
Thai Union’s stock has returned to one of the highest levels in five years, following a short-term dip after the news that the Thai King passed away last month. Today’s opening share price was...
Delayed Tsukiji Move Could Cost Tuna Firm Thousands
A Tokyo seafood wholesaler is paying high costs on electricity bills for a tuna freezing facility that is remaining unused due to a delay in the relocation of the Tsukiji market. Hohsui Corp...
Tuna Prices Put Small Dent In TU’s Record Sales
In what it boasts is a record setting figure, Thai Union has posted third quarter sales of USD 1 billion, up substantially from last year. But higher than expected raw material tuna prices...
Sri Lanka: Now Setting The Standard?
Following the lifting of its red card on IUU fishing, Sri Lanka’s progress has been noted by an EU delegation, which states that the country is setting an example for fishing practices in the...
Shifting Import Patterns In Austria
In a year when total EU canned tuna imports fell by five percent, Austria posted a modest three percent rise in its purchases of the product; a slight recovery from sharp volume drops the...
UK Shoppers Buy An 8th Of All MSC
UK shoppers spent more than GBP 500 million on MSC products last year, increasing again for the third year in a row, even though individual product prices have been going down. According to a...
US Tuna Price Fixing: 53 Cases & Counting
Following news that the biggest retailer in the United States, Walmart, is now a plaintiff in the antitrust case involving the US Big 3 canned tuna companies, there are a total of 53 proposed...
Dongwon Industries: Riding High
Since news of its modernized fleet drove an uptick in Dongwon’s stock, the firm has been sticking it out at the top, with investments paying off. In late September, a bull run in...
Walmart The Latest To Sue “Big 3” On Price Fixing
The US antitrust case has taken another turn, with the nation’s largest retailer, Walmart, joining the list of companies and individuals in alleging that the Big 3 tuna brands conspired to...
Century Pacific On Big Buying Spree?
Century Pacific Food Inc. (CNPF) has bought the “Kamayan” brand, famous for its shrimp paste in the US and Canada, adding another acquisition to its recent purchases. CNPF is the largest...
The Brexit Blow To Britain’s Tuna Prices
With the UK currency being a serious victim of the Brexit vote, tuna prices for Britain’s importers are only moving upwards, and could cause a market shift away from the dominant pole and line...
Fresh Tuna Sales Conquer Bigger UK Market Share
At a time where significant decline has been seen in the amount of shelf-stable tuna sales in UK supermarkets, fresh tuna products are continuing to steal at least some of the interest. This...
Is Ecuador’s EU Free Trade Celebration Premature?
While finalization of a multilateral FTA is branded highly likely by the European Union, sources have suggested that Ecuador’s celebrations could be coming a little early, with the deal having...
Could TPP Compromise US Seafood Safety?
American NGO, Food & Water Watch, has railed against the Trans-Pacific Partnership (TPP) and has stressed the impact it believes the trade deal will have on seafood safety in the US. It...
Traders Fend Off Downward BKK Price Pressure
Stating that WCPO fishing rates are bad and that there is tight whole round skipjack supply in Bangkok, traders are not reacting to the downward pressure on the market, maintaining prices at...
TU Gets Strict On Labor Code Of Conduct
Thai Union is continuing its efforts towards transparency and good labor practices by training its business partners to act in accordance with the firm’s Code of Conduct. Over 80 business...
Ahold USA Stamps MSC On Private Label
Ahold USA’s private label canned tuna range is now stamped with MSC certification, which consists of two Nature’s Promise tuna products sold in American supermarkets. Cans of chunk light...
UK Retail Tuna Sales Fall Further
A period of decline is not easing for UK retail shelf-stable tuna sales, as the latest numbers show that both the value and volume of this market continues to slide. Decline could already be...
John West NZ Now 100% Pacifical MSC
John West New Zealand has announced that all of its canned skipjack tuna is now MSC certified, sourced through the PNA MSC tuna marketing arm; Pacifical. The brand is fully owned and supplied...