The shelf-stable tuna imports into the US amounted to USD 431.19 million in the first nine months of 2023. The country’s retailers and traders purchased 10 percent less compared to last year,...
Tuna Trade News
Should Thai Union Sell Off Red Lobster?
The Red Lobster restaurant chain has become a monumental headache for Thai Union Group. In recent years, the US chain's revenues have fallen and massive losses have been reported. The poor...
Shrimps Are Eating Thai Union’s Tuna Profits
Restaurant chain Red Lobster miscalculated customers’ appetites when putting the popular Ultimate Endless Shrimp deal permanently on the menu for USD 20. The all-you-can-eat shrimp offering is...
Bumble Bee Sets Sight On US Tuna Lovers With Advent Calendar
Bumble Bee is ringing in the holiday season with its new ‘Tuna Lovers’ Advent Calendar’ that comes with 12 different-flavored tuna pouches. It is betting on the popularity of pouches by...
Readers: More Tuna Companies Will Declare Bankruptcy
The global tuna industry is eagerly awaiting the fate of Spanish loins and steaks processors Atunlo and Actemsa as they recently filed for pre-bankruptcy due to difficulties in refinancing...
Online Petition Demands Ban On Tuna Products At Airports
A new petition has kick-started today on the online platform Change.org to “ban the distribution and consumption of tuna products within the airport premises and flights.” This bizarre demand...
Thai Canners Forced To Cut Skipjack Buying In Q3
Imports for tuna raw material by fell by 13 percent in Q1-Q3 compared to last year. Thai processors especially bought less skipjack, their demand was pushed down by poor deliveries from major...
NOAA Steps Back From Expanding SIMP, Proposes Review Instead
The US has decided to withdraw plans to expand the number of tuna and other seafood species that will fall under the Seafood Import Monitoring Program (SIMP) due to "extensive public feedback...
Dispute Over Tuna Kills Mexico-Ecuador Trade Deal
After more than a year of to and fro negotiations, the deal between Mexico and Ecuador went up in smoke. On Tuesday, Mexican President Andrés Manuel López Obrador announced in a press...
Thai Processors Purchased Less Tuna From Smaller Suppliers
Thai canneries imported one-third less frozen whole round tuna up to the third quarter from vessels flagged to other nations than their major suppliers. Remarkably, the Indian Ocean fleet...
Above Average WCPO Catches Depresses SKJ1.8:BKK Value
Great supply to the Bangkok processing hub is continuing which has pushed down the trade value for raw material. Skipjack price has been on a downward path since August albeit still at a high...
Thai Pet Food Trade Sees Massive Reduction
The pet food business for Thai processors was off to a weak start in 2023 and it has continued on a downward path. There was a drastic 27 percent drop in the first nine months of this year and...
Australia Helps Tuvalu Citizens To Escape Climate Change Impact
A recently inked deal allows a pathway for Tuvalu residents to emigrate to Australia as the Pacific Island nation is threatened by rising sea levels due to climate change. Australia, a close...
Panama Canal’s Skip-The-Queue Auction Smashes Records Again
The Panama Canal's transit problems due to the ongoing drought caused record payments by boat owners to gain right of way. In August, the winning bid to jump the Panama Canal queue reached USD...
Dongwon Prepares To Issue Bonds Through StarKist To Bid On HMM
Dongwon Industries, through its subsidiary StarKist, has found private equity funds interested in convertible bonds to raise capital to put a bid on the Hyundai Merchant Marine (HMM) shipping...
Frime In Talks With Banks For Refinancing
Spanish tuna and seafood processor Frime is negotiating with its creditors to group its working capital loans at different entities and extend its financing time frame. The company is seeking...
Shareholders Express “Extreme Concern” Over Atunlo
Investors are worried over the future of Spanish processing firm Atunlo, which recently entered into a pre-bankruptcy process. On November 7, an extraordinary general meeting of shareholders...
Low Catches & Poor Market Demand Reduced Thai Imports
Thai processors reduced their imports of frozen whole round tuna in the first nine months of this year and this was affected by several factors including poor demand in end markets. From...
Will More Tuna Processors Go Bankrupt In The Next 6 Months?
The fate of two Spanish tuna companies Atunlo and Actemsa are hanging in the air as they undergo pre-insolvency procedures. The inability to refinance their debts and high interest rates have...
Thai Union Continues To Bleed Money From Red Lobster
The US restaurant chain, Red Lobster, continues to be a burden on the Thai Union Group affecting the tuna company’s overall profits. The tuna company reported a THB 395 million (US 11.11...