With the FAD ban over, purse seiners fishing in the WCPO exponentially increased their catches in October. Although they raised their efforts by a minimal three percent compared to September,...
Trade
Somaliland Tuna Firm Thinks Big, Aims For International Markets
Tuna processing plant Somtuna in Somaliland is expanding its operations into international markets. Its products are expected to hit foreign retail shelves in the coming months. The tuna plant...
Europeans Continue To Buy More Tuna Despite Inflation
In 2022, European household expenditure on fish and aquaculture products reached EUR 62.9 billion, marking a 11 percent YoY increase. In both 2021 and 2022, there was a simultaneous rise in...
Halal Certification Growing Importance For Tuna Exports To Islamic Nations
Taiwanese tuna company Huikun recently renewed the Malaysian Jakim-Halal certification so that it can export its products to the country. Huikun's previous recognition in this country expired...
Dongwon And Harim Group In The Running For HMM
The race to acquire Korean shipping company HMM continues but the competition has been narrowed down to Dongwon Group and poultry producer Harim Group. The two companies entered their bids on...
US Canned Tuna Imports Continued Sliding In Q3
The shelf-stable tuna imports into the US amounted to USD 431.19 million in the first nine months of 2023. The country’s retailers and traders purchased 10 percent less compared to last year,...
Should Thai Union Sell Off Red Lobster?
The Red Lobster restaurant chain has become a monumental headache for Thai Union Group. In recent years, the US chain's revenues have fallen and massive losses have been reported. The poor...
Shrimps Are Eating Thai Union’s Tuna Profits
Restaurant chain Red Lobster miscalculated customers’ appetites when putting the popular Ultimate Endless Shrimp deal permanently on the menu for USD 20. The all-you-can-eat shrimp offering is...
Bumble Bee Sets Sight On US Tuna Lovers With Advent Calendar
Bumble Bee is ringing in the holiday season with its new ‘Tuna Lovers’ Advent Calendar’ that comes with 12 different-flavored tuna pouches. It is betting on the popularity of pouches by...
Readers: More Tuna Companies Will Declare Bankruptcy
The global tuna industry is eagerly awaiting the fate of Spanish loins and steaks processors Atunlo and Actemsa as they recently filed for pre-bankruptcy due to difficulties in refinancing...
Online Petition Demands Ban On Tuna Products At Airports
A new petition has kick-started today on the online platform Change.org to “ban the distribution and consumption of tuna products within the airport premises and flights.” This bizarre demand...
Thai Canners Forced To Cut Skipjack Buying In Q3
Imports for tuna raw material by fell by 13 percent in Q1-Q3 compared to last year. Thai processors especially bought less skipjack, their demand was pushed down by poor deliveries from major...
NOAA Steps Back From Expanding SIMP, Proposes Review Instead
The US has decided to withdraw plans to expand the number of tuna and other seafood species that will fall under the Seafood Import Monitoring Program (SIMP) due to "extensive public feedback...
Dispute Over Tuna Kills Mexico-Ecuador Trade Deal
After more than a year of to and fro negotiations, the deal between Mexico and Ecuador went up in smoke. On Tuesday, Mexican President Andrés Manuel López Obrador announced in a press...
Thai Processors Purchased Less Tuna From Smaller Suppliers
Thai canneries imported one-third less frozen whole round tuna up to the third quarter from vessels flagged to other nations than their major suppliers. Remarkably, the Indian Ocean fleet...
Above Average WCPO Catches Depresses SKJ1.8:BKK Value
Great supply to the Bangkok processing hub is continuing which has pushed down the trade value for raw material. Skipjack price has been on a downward path since August albeit still at a high...
Thai Pet Food Trade Sees Massive Reduction
The pet food business for Thai processors was off to a weak start in 2023 and it has continued on a downward path. There was a drastic 27 percent drop in the first nine months of this year and...
Australia Helps Tuvalu Citizens To Escape Climate Change Impact
A recently inked deal allows a pathway for Tuvalu residents to emigrate to Australia as the Pacific Island nation is threatened by rising sea levels due to climate change. Australia, a close...
Panama Canal’s Skip-The-Queue Auction Smashes Records Again
The Panama Canal's transit problems due to the ongoing drought caused record payments by boat owners to gain right of way. In August, the winning bid to jump the Panama Canal queue reached USD...
Dongwon Prepares To Issue Bonds Through StarKist To Bid On HMM
Dongwon Industries, through its subsidiary StarKist, has found private equity funds interested in convertible bonds to raise capital to put a bid on the Hyundai Merchant Marine (HMM) shipping...