Dongwon Food & Beverage, leading in the domestic canned tuna market, published its first half-year numbers. The expectations for the turnover and operating profit of the second quarter...
Trade
Vietnam Loses US Tuna Steak Orders To South American Competitors
Vietnamese tuna exports plummeted dramatically by 31 percent in the first half of 2023. The Vietnam Seafood Producers and Exporters (VASEP) attributed the decline to high raw material prices...
Shanghai Kaichuang Forecasts Net Loss Due To High Tuna RM Price
Chinese stock-listed tuna and seafood fishing company Shanghai Kaichuang Marine International expects a loss for the first half of the year driven by poor tuna fishing and an increase in raw...
Dongwon Eyeing Acquisition Of Leading Korean Shipping Company
Dongwon Group is a possible buyer of the number one Korean container transportation and shipping company HMM, formerly known as Hyundai Merchant Marine. Acquiring HMM would have a massive...
Hagoromo’s Newly Launched Products Will Not Have Tuna
Japanese company Hagoromo Foods Corporation has been traditionally selling canned tuna under the brand 'Sea Chicken' for nearly a decade. It will now be utilizing a different fish for its new...
Mozambique President Allegedly Took USD 11 M In Bribes In Tuna Scam
The lawsuits revolving around USD 2 billion “hidden debts” scandal, which includes USD 850 million in tuna bonds, in Mozambique appear to be never-ending. This conspiracy tanked the country’s...
Thai Canned Tuna To Smaller Destinations Declined In H1, UK Shipments Jump By 160%
Thai producers’ canned tuna trade with smaller destinations fell by a small margin in the first half of this year. However, retailers and traders in the UK and Kuwait increased their imports...
Indonesian Minister Condemn EU’s “Inconsistent Environmental Policies”
The EU and Indonesia have strong trade relations and the Asian country is one of the largest exporters of frozen pre-cooked loins into the bloc. Indonesian Trade Minister Zulkifi Hasan...
Atunlo’s Value-Added Business Flourishing, Worries Over Future WR Supply
Spanish processor Atunlo is going strong in its value-added segment and launched new products during the Barcelona Seafood Expo. Jose Pernas, the firm's CEO talked with Atuna about how...
Frinsa & Tri Marine Leading Identified Buyers Of Ecuadorian Tuna In 2022
Ecuador’s global tuna exports reached USD 1 billion in 2022, and more than one-third of this revenue was generated from the top 10 importing companies which includes Frinsa and Tri Marine...
Ecuadorian Police Seize 1.5 Tons Of Cocaine In “Cloned” Tuna Shipment
The Ecuadorian tuna sector has been grappling with tampered containers. On July 30, the police seized 1.5 tons of cocaine inside a tuna shipment in the port of Guayaquil destined for the UK....
Poll: Will Proposed Tinplate Tariff Make US-Based Canned Tuna Production Non-Competitive?
The US is bracing for a possible 300 percent duty hike on imported tinplate steel used for manufacturing tuna cans. This proposal from the Biden administration has met with strong opposition...
2022 WCPO Purse Seiner Economic Condition Index Lowest In 8 Years
An assessment of economic conditions for the WCPO tuna purse seine fisheries showed that they were not favorable in 2022. It was propelled by high fuel prices and the Russian-Ukraine war which...
Collapsed Egyptian Market Cut Deeply Into Thai H1 Production Volume
Thai processors continue to lose canned tuna business in its main markets this year, especially in Egypt where deliveries nose-dived in the first half of the year. Overall, the Asian producers...
US Judge Dismisses “No Tuna” Lawsuit Against Subway After 2 Years
After two years of a PR nightmare, top executives at the American fast-food chain Subway can now sigh in relief as a US federal court dismissed allegations against the company over “no tuna”...
Japanese Company’s “Adult Tuna And Mayo” To Hit Retail Shelves
Fujipan Co., Ltd, a Japanese bakery goods manufacturing company, will soon launch a tuna item for the first time. Called ‘Adult Tuna and Mayo’ under the brand Snack Sand, Japanese consumers...
Ecuador’s Global Tuna Trade Reaches USD 1 Billion In 2022
Ecuador’s revenue from its main tuna exports including canned tuna to global markets reached around USD 1.02 billion last year. A large portion of the shipments consisted of canned tuna in oil...
Despite End Buyer Interest, Bangkok Skipjack Trading Remains Sluggish
Skipjack trading is remaining sluggish although there is some increased interest from end buyers for canned tuna products. Sources are saying that prices have not seen any movement and...
Atuna Index Hits Peak In 5 Years While World Food Prices Continue Sliding
Inflation on major world foods has continued easing, according to the latest figures released by the UN Food and Agricultural Organization (FAO). General food prices for major commodities such...
Ex-Minister Pleads Not Guilty In Tuna Scam In US
Manuel Chang, the former Finance Minister of Mozambique was extradited from South Africa to the US on Wednesday for his role in a USD 2 billion scandal which also involved USD 850 million in...