The impending global recession is forcing Vietnamese tuna exporters to explore alternative markets. Since revenue from the US (their largest trading partner) and EU has dropped drastically in...
Trade
Readers Partially Convinced UN Treaty Will Lead To Higher Tuna Prices
Under the UN treaty, almost one-third of the oceans will be closed. The effectiveness of marine protected areas (where commercial fishing will be limited or prohibited) has been a topic of...
Canned Tuna Provides Clue To Origin Of Narco Submarine
Spanish police found an abandoned “narco submarine” on the beach of Ribeira in mid-March. Inside the boat, tuna cans made in Brazil are the only clue to its origin. This is not the only time...
Exploring Atuna’s Collection Of Commercial Tuna Ads
Over the years, tuna brands have relied on television commercials to promote their products. Atuna features TV advertisements for tuna items in its wide-ranging collection. The ads from...
Princes Group’s Profits Dropped By 40% In 2022
UK-based Princes Group, which has a core ambient segment including canned tuna, did not fare well in its 2021/2022 financial year with a large fall in turnover and group profit compared to the...
Lidl Aims To Achieve 100 percent MSC For Its Canned Tuna
Discount retailer Lidl desires 100 percent sustainability for all its canned tuna and other fish products in 2023 in Spain. It wants all its tuna items to carry the MSC seal before the year is...
FDA Chalks Out Plan To Tighten Rules Over Tuna Imports
The US Food and Drug Administration (FDA) recently released the report ‘Activities for the Safety of Imported Seafood’ outlining a comprehensive approach for monitoring canned tuna, loins, and...
Maruha Nichiro’s New Strategy To Expand Its Tuna Business
Japanese seafood company and trader, Maruha Nichiro Corporation, aims to integrate its subsidiaries Marine Access Corporation and Maruha Nichiro Retail Service Co., Ltd. to...
Mozambique Tuna Scam Involved Credit Suisse Saved From Imploding
Swiss lender Credit Suisse was thrown a lifeline through the intervention of the nation's government. Under its pressure, the bank (which was deeply involved in the Mozambican tuna scam) has...
GTA Director Steps Down
Tom Pickerell, Executive Director of the Global Tuna Alliance (GTA), has announced that he is stepping down from his position as of March 31. At the same time, GTA has hired Gunther Errhalt, a...
Thai Union’s Stock Buyback Reaches USD 18.8 Million
Thai Union (TU) has continued with its stock buyback which began last week. On March 21, the company announced that it has repurchased 44,700,600 cumulated shares to date which are...
Panamanian Officials Find Weight Deviation In 1/3 Tuna Products
The Authority for Consumer Protection and Defense of Competition (Acodeco) conducted an operation to verify the net content of tuna and seafood products that are sold from retail shelves. Out...
Italian Canned Tuna Imports Gained Massive 30% Traction
Despite Italy having its own processing sector, buyers’ reliance on importing canned tuna hit a near peak in 2022. Spanish canners with ties to Bolton managed to gain more...
EU & Thailand Announce FTA Negotiations, ANFACO Asks For Tuna Exclusion
On the heels of the news that the EU and Thailand have relaunched negotiations for a free trade agreement (FTA), the Spanish seafood processors association, Anfaco-Cecopesca has sounded the...
Philippine Small-Scale Fishers Criticize Government Building Cold Storage
A group of small-scale fishermen in the Philippines has criticized the government's decision to build eleven fish cold storage facilities close to their fishing grounds and landing...
Will Princes Group Be Taken Over By A Private Equity Firm?
A group of private equity candidates has come forward to acquire Princes Foods. Its owner, Mitsubishi Corporation, announced its intention to sell the subsidiary two months ago. Sky News...
French Buyers Switch Sourcing More Outside EU
France is one of the top markets in the EU for canned tuna but demand for the product fell by a slight six percent in 2022. Traders, retailers, and brands imported the most...
Drug Trafficker Using Fake Tuna Business As Cover Confesses
A Mexican businessman pleaded guilty to an international cocaine trafficking conspiracy in the US. Jaime Antonio Mandujano Eudave carried out his illegal activities under a fake tuna firm...
Germans Expanded MSC Canned Tuna From PNG In 2022
Major global producers expanded their canned tuna business in Germany in 2022, with processors from PNG massively increasing their shipments propelled by this market’s demand for MSC tuna....
Purse Seine Operators Looking At Sliding Fuel Prices
Marine gas prices are on a downward path which is good news for purse seine operators. They have been pulled along in the wake of declining global crude oil values which have dropped below USD...