Singaporean Jayice Tan recently shared on Facebook a dreadful experience she underwent at a Japanese sushi restaurant. Tan and her husband were relishing their sashimi rice bowls and to her...
Trade
Chicken Of The Sea Settles USD 13 Million With Tuna Buyers
Civil cases against Chicken of the Sea over price-fixing shelf-stable tuna might soon be coming to an end. A Californian federal judge has given the final approval for the company and its...
Thai Union Buys Back Shares At Over USD 7 Million
Thai Union is repurchasing its shares and on Tuesday, the tuna giant had its first stock buyback for 17,147,400 units worth around THB 250 million (USD 7.12 million), an exercise meant to...
FMI Report Underlines US Canned Tuna Sales Rocketed In 2022
The overall sales of seafood in the US dropped in 2022, but canned tuna performed well throughout the year, reveals the Food Industry Association (FMI). In its recent report ‘Power of Seafood...
Japanese Industry Feels The Heat Over Illegal Bluefin Trade
The recent arrest of two top Japanese executives created quite a stir in the nation’s fishing industry. But it has also brought out skeletons in the closet, thus tarnishing the image of...
Bangkok Skipjack Price Moving Closer To USD 2,000 Barrier
Frozen whole round skipjack trade is experiencing a sharp increase as canners in Thailand are scrambling to obtain sufficient raw material for already contracted orders amid low supply....
Readers Optimistic: US Will Import More Canned Tuna By 2023
Canned tuna demand has been growing in the US market. Retailers in the country bought one-quarter more of the product last year, exceeding volumes purchased in the last 11 years (except for...
Portugal Gateway For Ecuadorian Raw Tuna Loins Violating EU Rules
The EU rules on safety precautions for frozen yellowfin loins for direct human consumption are still being violated by Ecuador. Spanish processors and traders have been denouncing it for some...
Spanish Officials Seized Cocaine In Tuna Loins Shipment
Spanish Customs and Civil Guard officials found 50 kg of cocaine hidden in a shipment of tuna loins aboard a container vessel at the Port of Vigo on March 3. The vessel ‘Saint Laurent’ arrived...
Yemen Tuna Export Ban Likely To Be Null And Void
The government of Yemen halted all exports of fresh fish due to a shortage in the local market and soaring domestic rates. But the Arab nation will likely have to lift the ban as fish prices,...
Jealsa Temporarily Shuts Down Operations In Guatemala
The scarcity of raw materials has affected operations at Jealsa’s Guatemala loining plant, Industria Atunera Centroamericana. The company has decided to suspend over 300 employees for 90 days...
TU Gives Red Lobster Half Year To Stop Bleeding Money
US restaurant chain, Red Lobster, has been bleeding money which has been eating into Thai Union’s profits. In February, the world’s largest tuna company revealed that it lost THB 1.21 billion...
Italy’s Canned Tuna Imports Booming
Canned tuna demand in Italy soared last year as traders and retailers massively increased their imports year on year. In 2022, EU canned tuna imports hit a peak of 546,872 M/T, with nearly...
High Seiner Fuel Price In 2022 Drives Seychelles Petroleum’s Profits
Last year was fruitful for the Seychelles Petroleum Company (SEYPEC) – the archipelago’s bunker fuel firm – as its tanker fleet churned a profit of USD 25 million. This company provides marine...
How A TikTok Trend Helped Scout Tuna Sales Skyrocket
Seafood companies have benefited from the TikTok hashtag ‘Tinned Fish Date Night’. The US firm Scout points out that its tuna and seafood products have been flying off the shelves since last...
US Lawsuit Takes Swing At Bumble Bee’s & MSC’s Sustainability Claims
A class action has been taken against Bumble Bee in a Californian Central district court calling into question the US company’s “Sustainability Promise” since it sources its tuna and seafood...
Chinese Tuna Firm Once Again Prepares IPO, Aims To Raise USD 230 M
Last week, Zhejiang Ocean Family Co., Ltd. announced it will be going public, its third attempt to be listed. Documents for the initial public offering (IPO) have been submitted to the...
EU Alerts: High Histamine Reported For Tuna From Sri Lanka
February was a comparatively calm month for the EU Regulatory Rapid Alert System for Food and Feed (RASFF) for tuna-related occurrences. Only three incidents were reported - in Spain, Italy,...
Maruha Nichiro Reports A Fruitful 2022 Amidst Multiple Crises
Japanese seafood company Maruha Nichiro reported its highest-ever sales and operating profit from April through December 2022. The profitability of its skipjack business has improved. Higher...
EU Canned Tuna Buying Hits Peak, Worth EUR 2.8B
European traders and retailers once again increased their buying of canned tuna in 2022 and they turned more to sellers outside the EU to meet their needs. The booming EU canned tuna import...