After earlier valuing StarKist at zero and receiving backlash from a group of angry shareholders, Dongwon Group has readjusted the merger ratio between Dongwon Industries and Dongwon...
Tuna Trade News
Thai Union Invests In Canadian Algae Bio-Oil Firm
Thai Union (TU) Group announced on Wednesday that it will be investing CAD 39.5 million (USD 30.8 million) in Mara Renewables Corporation as part of a growth funding round. Mara, based in Nova...
Real Introduces Gourmet Canned Tuna
The Real tuna brand, owned by Nirsa, has launched a new Gourmet line with four different flavors – fine herbs, pepper and lemon, oregano, and smoked tuna with chili. All the products are...
Americans Consumed 18% More Canned Tuna
The US increased its canned tuna consumption by 18 percent per capita in 2020 while total seafood demand dropped three percent per head because of disruption in supply and lockdowns due to the...
Thai Skipjack Q1 Imports Reduced By 20%
Thai canners purchased 20 percent less whole round frozen skipjack in the first quarter of 2022 given that many main seiner fleets experienced lower catches. The total business lost around...
IO Seiners Fill Up Q1 Skipjack Shortage In Bangkok
Much lower volumes of whole round frozen tuna from major fleets found their way to Thai canneries in the first three months of the year. Purse seiners catching in the Indian Ocean...
SKJ1.8:BKK Traded Level Stabilizes As Demand Cools
The rising value of whole round frozen skipjack has leveled in Bangkok. This is due to the cooling demand from Bangkok canners who have been impacted by the domino effect of the inflated costs...
Strong Dollar Exchange A Heavy Burden For EU Tuna Importers
The strengthening of the US dollar is continuing and it is close to parity with the euro. The value of the dollar has risen 16 percent compared to last May. Together with higher prices for raw...
Thiraphong Becomes New Chair Of Thai Union Group
Thai Union Group has announced that its CEO, Thiraphong Chansiri, will be the Chairman of the Board effective immediately. The company notified the Stock Exchange of Thailand (SET) on May 9...
Thai Union’s Q1 2022 Net Profit Drops 3.2%
Thai Union experienced significant canned tuna and seafood sales in the first quarter of this year, which pushed its net profit to THB 1.7 billion (USD 49.2 million). However, this was 3.2...
Tuna Scandal Defense Lawyers Unimpressed By Delay In Evidence
Defense lawyers of companies embroiled in the Mozambique USD 2 billion scandal have said that the country’s public prosecutor’s office (PGR) has had years to bring proper evidence against the...
Century Stock Recovering From 25% Crash
Yesterday, Philippines’ leading tuna processor, Century Pacific Food (CNPF) reported its Q1 numbers revealing a ten percent increase in both turnover and net income. The company’s share went...
Tuna Cannery Projects In Pacific Islands Competing For Investors
Provinces in Solomon Islands and PNG all have high hopes for their initiatives to attract investors for their local tuna sector but they have yet to encounter any that will take their...
Skyrocketing Costs Not Expected To Increase Spanish Canners’ EU Sales
A significant hike in manufacturing costs, especially for commodities such as steel, vegetable oil, and raw material is hitting the world's tuna processing industry. The Spanish canning sector...
Consorcio Continues To Reign Over Spanish Albacore Market
Grupo Consorcio has strengthened its position as Spanish consumers' preferred Bonito del Norte (albacore) supplier as the 2021 turnover rose. Its brand, Consorcio, has kept a leading position...
Readers Want To See StarKist’s Value Included In Merger
The minority shareholders of Dongwon Industries revolted against the merger between the listed fishing business unit of the Dongwon Group with unlisted Dongwon Enterprise. They found the...
Albacore Whole Rounds Demand From EU Canners Hit 5-Year Low
EU processors imported the lowest volume of albacore whole rounds in five years, which was influenced by a massive drop in purchases of raw material from EU-flagged vessels. The US fleet’s...
Seafood Expo Global Barcelona Ends Successfully
Attendees at the three-day Seafood Expo Global in Barcelona welcomed the overall good atmosphere of the well-organized event. After two years of missing face-to-face meetings due to the global...
Tri Marine Celebrates 50 Years In Tuna Business
Global tuna company Tri Marine will be celebrating its 50th anniversary this year. It was established in 1972 as an Italian government-owned tuna supplier based in Singapore to source...
Seafood Expo Global 2022 Begins In Barcelona
After a delay of two years, the Seafood Expo Global started today for its first edition in Barcelona. For three days until April 28, around 1,560 exhibitors from 76 countries are present...