The Korean tuna company, Dongwon Industries, has announced its first public offering of the year. The firm has been issuing bonds annually since 2014. This year, it expects to raise up to KRW...
Trade
Grupo Consorcio Remains Leader In Spanish Bonito Market
Grupo Consorcio reported this week that it has managed to stay the leader in the Spanish market for bonito del norte (albacore) and anchovy for the tenth consecutive year with its brand...
Will Walmart And Bumble Bee Embracing MSC Accelerate Logo’s Introduction?
Within the last year or so, big players in the US tuna market have been announcing their intention to switch more products to MSC certified sources. Discourses and pledges around the MSC label...
Cepesca Has Elected New President & Board Of Directors
A new President has been elected to head the Spanish Fisheries Confederation (Cepesca) after his predecessor died unexpectedly in May last year. Juan Manuel Liria, the founder of the frozen...
Canned Tuna Buyers Ask Court To Approve USD 20 Million Settlement With COSI
US consumers under the End Payer class hope that a US federal court will approve a settlement of around USD 20 million that was reached with Chicken of the Sea International (COSI) and its...
All Austria’s Canned Tuna Suppliers Saw Their Business Cut In 2020
It has been years since the imports of canned tuna in Austria been at levels as low as those reached last year. Overall, 2020 resulted in record-low intakes of processed tuna, mainly as a...
Infofish Tuna Conference Focuses On Stocks & Technology
The 2021 Infofish World Tuna Trade Conference & Exhibition is approaching. The event will take place virtually (from May 19 to 21) due to the ongoing COVID-19 pandemic which forced the...
EU Clarifies Health Regulations Regarding Tuna Temperatures
Recent cases of frauds concerning the allowable temperature for tuna destined to be consumed as a fresh product have forced the EU to clarify the law. This has been done through...
Report Points Investors At Declining Price-Earnings Of Public Seafood Companies
How is it possible that while marine resources inexorably deteriorate, the revenue, profits, and capitalization of publicly-listed companies with links to seafood have gone up? This is one of...
Spanish Ministry Betting That Seafood Expo Global 2021 Will Take Place
The Spanish Ministry of Agriculture, Fisheries, and Food is confident that the first edition of Seafood Expo Global in Barcelona will take off. Last year, the vast majority of tuna and seafood...
Malaysia Intent On Another Tuna Port To Boost Sector
Malaysian tuna ports are not as competitive as others in the Indian Ocean region, said Dr Ronald Kiandee of the Ministry of Agriculture and Food Industries (MAFI). Currently, tuna is being...
Readers Confident That Documentary Will Not Put People Off Tuna
On March 24, the Netflix documentary Seaspiracy shook the tuna and seafood industries across the world. The film claimed to uncover the reality of the fishing industry and how it affects the...
Belgium Canned Tuna Market Massively Shrank In 2020
Belgium buyers have been softening their canned and pouched tuna purchases for the past couple of years. However, in 2020, the country’s intake dropped dramatically echoing the trend...
Could Outcome Of Presidential Elections In Ecuador Affect The Tuna Sector?
This weekend the presidential election in Ecuador is headed to its second and final round. Two candidates are competing for the leadership of the country: Andrés Arauz, friendly to the...
Manta Skipjack Price Stable Despite Lower Catches
The price for skipjack in the port of Manta has remained stable for the past few weeks. Catches across the EPO have been good, although volumes of skipjack have been lower than last year when...
Plant-Based Bumble Bee’s Partner Secures Millions In Funding
The owner of the plant-based tuna and seafood replacement brand Good Catch, Gathered Foods, announced yesterday that it secured USD 26.35 million in funding. The investors include Louis...
Will Mauritian Canned Tuna Conquer Indian Market?
Since April 1, Mauritian tuna exporters have preferential market access to India due to the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) coming into force....
Ecuadorian Canners Victim Of Drug Traffickers
Yesterday, officers of the Port Investigation Unit in the port of Guayaquil, Ecuador, seized four tons of cocaine. Two tons were found wrapped in jute sacks inside a container filled with...
Overwritten Dates On Ecuadorian Canned Tuna Raises Alarm
Colombian authorities have been made aware of irregularities on tuna cans imported from Ecuador. The batches in question have alterations on the cans that are against the health and safety...
Alerts: March Active Month For Tuna-Related Cases At RASFF
March was a very active month for the Rapid Alert System for Food and Feed (RASFF) as a total of 11 tuna-related complaints were brought to it by EU officials. The issues ranged from improper...