On July 20, a vehicle carrying fresh yellowfin to packing factories was robbed near the Manta airport. The two guards on a motorcycle failed to safeguard the transport which was raided while...
Tuna Trade News
Calvo’s Turnover Declines As Largest Market’s Currency Weakens
Grupo Calvo known for its leading premium yellowfin brand Atun Claro in Spain has its biggest market in Brazil. Almost half of its business is sold there under the Gomes da Costa brand and the...
Falling Ocean Freight Rates, Relief In Sight For Tuna Sector?
Slowing demand is pushing global shipping rates downward after more than a year of skyrocketing prices. The tuna sector, which has felt the heavy costs of ocean freight, can rejoice a little...
Despite NGOs’ Calls, Taiwan Remains Tier 1 In US Trafficking Report
At this time of great geopolitical discourse around Taiwan and China, the US Department of State has ranked Taiwan in the top position (Tier 1) in its Trafficking in Persons (TIP) Report....
Fortune International Acquires EPO Yellowfin And Bluefin Importer
The New Orleans Fish House (NOFH), Louisiana-based buyer of yellowfin and bluefin tuna from the Gulf of Mexico, has been purchased by Fortune International LLC, a quality-focused US...
Vietnam Fears Losing Loins Business In US
Vietnam fears losing part of its market share in the US now that President Joe Biden is considering the removal or lowering of tariffs on the imports of Chinese tuna products. When the...
Bolivia Grants Full Quota To Ecuador
Landlocked Bolivia has no vessels of its own and it will loan its entire 2022 tuna quota of 222 M/T to the Ecuadorian-flagged vessel 'Chiara' owned by trading company Elvayka Kyoei. This is...
US Pledges 600 Million Dollars To Tuna-Rich Pacific Islands
The US is once again wooing Pacific Island countries – states with the largest tuna resources in the world – with its Vice President, Kamala Harris announcing America’s interest in providing...
Tuna Hijacked In Ecuador: Gunshots, Hostage, And Chase
It might sound like a scene from a movie where a group of robbers hijacked a truck that was transporting canned tuna from Manta to Ibarra. The driver was intimidated by gunshots to stop the...
Exchange Of Greenback Versus Baht, Challenge For Thai Processors
The Thai baht has lost 9.4 percent of its value against the US dollar since January 1, a seven-year low. With the US Federal Reserve signaling another big increase in interest rates this...
Sajo Wants To Offer Bluefin Sashimi To South Koreans
Seafood company Sajo aims to retail North Atlantic bluefin to domestic consumers. It is planning on selling the product to around 20 stores across the country. These seafood outlets focus on...
Kiribati Quits Pacific Forum But US Wants To Improve Bonds
A regional rift is beginning among the Pacific Islands with pro-Beijing Kiribati withdrawing from the Pacific Islands Forum (PIF), from the meeting currently taking place in Suva, Fiji. The...
EUR And USD Hit Parity After 20 Years
In the past few days, the euro and the US dollar came very close to parity a few times. Yesterday, the currencies reached 1.00019, which the financial world considers as equal. This...
Dongwon F&B’s Canned Tuna Ambition In China Failed
The highly ambitious introduction of Dongwon Tuna to the Chinese market in 2011 has turned out to be a failure for the Korean company. Dongwon F&B (with a strong domestic market) wanted to...
Bolton Food’s Tuna Mostly Responsible, But Only 10% Has MSC
Italian tuna-powerhouse Bolton Food aims to source 100 percent responsibly fished tuna by 2024. Currently, the company considers that nearly three-quarters of its tuna comes from fisheries...
Subway Still Hooked To “No Tuna” In Sandwiches Lawsuit
A class-action lawsuit against Subway is not going away as the Californian federal judge in charge of the case has refused to toss part of the claims brought against the US restaurant...
Stronger US Dollar Ballooning Dongwon Price-Fixing Claim Payments
The rapidly strengthening US dollar is causing concern for investors in Dongwon Industries, given that it is burdened by its subsidiary StarKist’s involvement in the price-fixing scandal in...
EU Bigeye Whole Round Q1 Imports In Decline
European canneries have been purchasing declining volumes of bigeye raw material, and in Q1 2022, hit the lowest level in five years. The 2,946 M/T in the first quarter of this year was a drop...
Rio Mare Introduces New Tuna Pesto Range
In the new range of Rio Mare products launched in the Italian market, tuna-based pesto is the star. The brand, owned by Bolton Group announced that the sauce with tuna is available in three...
28 EU Seiners Gain 5-Year Access To Cape Verde Waters
EU-flagged vessels have been fishing in Cape Verde's waters since 2007 and the latest decison from the EU Parliament (EP) means that these boats can continue their operations in the West...