Thai Union (TU), the world’s largest tuna company, recently warned that there are “fraudulent parties”making investment solicitation by “impersonating its [TU's] name, logo, and photograph of...
Trade
Seiner Fuel Prices Drop But Can Boat Owners Rejoice?
World crude oil prices have seen an increase but have remained relatively low. Fuel costs for purse seiner vessels have declined in the past few months. Global benchmark Brent crude rose to...
Push & Pull Factors Keep Bangkok Skipjack Price Level
Trading has picked up in Bangkok, the world’s largest processing hub, after a year-end lull. The fair demand from Thai producers is keeping the price stable despite anticipated high levels of...
Registrations Are Open For Boston Seafood Expo
The 42nd edition of the Seafood Expo and Seafood Processing will take place in Boston from March 10 to 12, and registration is open. Nearly 100 tuna processing and fishing companies such as...
Ecuadorian Tuna Sector Loses 5% Of Global Trade, Slips In EU Market
Ecuadorian tuna companies had a challenging 2023 and lost business in the EU but they seek to recover market share this year. Processors are also eyeing to expand trade in North America....
China And Ecuador Meet Half Of Spain’s Tuna Loin Demand
Spanish canners imported fewer frozen pre-cooked tuna loins in Q3 2023. The Ecuadorian processors saw their sales drop massively. In the first nine months of 2023, Spanish processors reduced...
Anfaco-Cecopesca Fears Lack Of EU Funds Will “Paralyze” Investments
The canning association Anfaco-Cecopesca recently expressed concern that is has not received support from the Strategic Projects for Recovery and Economic Transformation (PERTE) funds to boost...
Spanish Chef Slicing Tuna Gets 4 Mln Views And Other Social Media Trends
Food blogger Yves Silvain recently shared a video of popular Spanish chef Quique Dacosta cutting a four years dry aged tuna belly portion that went viral with over 4 million views. Silvain...
Toyosu New Year Bluefin Auction Hits New Record
The bid for the first bluefin auction of this year at the famous Japanese Toyosu market reached JPY 114.24 million (USD 787,000) on Friday, the fourth highest in history. The 238-kg bluefin...
Asian Processors Facing Exploding Freight Rates Due To Red Sea Crisis
The ongoing crisis in the Red Sea due to attacks on vessels by Houthi militants has led to freight rates shooting up dramatically. The global tuna industry is waiting with bated breath to see...
EU Opens Gate For Flood Of Tuna Loins As Its Industry Drowns
Spanish, Portuguese, and other European tuna processors will clear massive volumes of frozen pre-cooked tuna loins under ATQ rules in the first days of January. Cheaper loins from China will...
Sajo Ropes In Popular Singer To Sell Its Tuna Products
Korean company Sajo Daerim recently announced that singer and television host Sung Si-kyung will be the new advertising model for its Sajo Tuna brand. The company brings several premium tuna...
Dongwon Accuses Rival Harim Of Unfair Bid
The acquisition of Korean shipping line HMM is in its final stage with two bidders left. Dongwon complained about Harim Group making an unfair bid. Dongwon has disputed Harim’s request to...
Over 5,000 Tuna Cans “Unfit For Human Consumption” Destroyed
Peruvian health officials have destroyed more than 5,000 tuna cans in Chiclayo after they were seized at several operations because they “were unfit for human consumption." The brand name of...
What Will The Future Hold For Spanish Processing Firm Atunlo?
The fate of Spanish frozen tuna loins and steaks processor Atunlo has been hanging by a thread since it announced in November that it entered into a pre-bankruptcy procedure with creditors to...
Main EU Markets Buy Less Canned Tuna In Q3
Overall, the trade in canned tuna in the three main EU markets declined in Q3 2023. Traders and retailers in Spain and Italy reduced their imports, and those in France purchased a bit more...
Spanish Union Criticizes Atunlo’s Decision To Lay Off Workers
The Worker’s Commission (CCOO) expressed concerns about tuna processing firm Atunlo's intention to retain only 13 of the 150 workers at its O Grove plant in Pontevedra. The CCOO “fears that...
Omanian Tuna Processor Achieves Global Seafood Alliance Certification
Ocean Experts Fisheries LLC, an Oman-based tuna and seafood processing company, achieved the Global Seafood Alliance’s (GSA) Seafood Processing Standard (SPS) certification in December. Its...
Readers: Dongwon’s Possible HMM Deal Could Put StarKist In Financial Jeopardy
The global tuna industry is eagerly awaiting whether the Dongwon Group will acquire a stake in Korean shipping line HMM. Dongwon announced last September that it is planning an initial public...
Red Sea Crisis Raises Tuna Export Prices To EU
Seychelles is likely to increase the price of its tuna exports to main markets such as the EU due to the ongoing crisis in the Red Sea which has drastically affected global shipments....