Tuna Business Headlines
IN BRIEF
Seafood company Culimer USA is rebranded as OddiSea SuperFrozen. The brand offers bluefin, bigeye, albacore, and skipjack from MSC fisheries in its sushi products sold in North America. The New Jersey-based company said the change was made to “respond to growing US consumer concerns about the management of our oceans, the origins of our seafood, and the purity of the process,” thus leading to an increased demand for transparent seafood supply chains.
In the press statement, the company claimed that SuperFrozen technology “is the only” method to perfectly preserve tuna without the use of any additives, chemicals, or smoke. All other processes manipulate the product. Michael McNicholas, Oddisea’s CEO, explained that, “with the creation of Oddisea SuperFrozen, we are committed to maintaining this path for the highest possible benchmark for product quality, safety, and traceability.”
The 103rd IATTC Annual Meeting will be held from September 1 to 5 in Panama, with the prime focus on marine conservation and sustainable fisheries management in the EPO, according to the Aquatic Resources Authority of Panama (ARAP). It stated that the meeting “will bring together 20 countries and more than a dozen non-governmental organizations, 250 observers, and 200 online participants.”
Some of the highlights at the 102nd IATTC annual meeting, which was held last September in this Central Amaerican nation, included extending the current conservation measures for tropical tuna for another two years and the adoption of interim standards for electronic monitoring. The venue for the event is yet to be announced.
Century Pacific Food Inc. is eyeing a double-digit target in revenue and profit amid the rising global trade tension. Christopher Po, Executive Chairman of Century Pacific, said earlier this week at the annual stockholders meeting that the company has earmarked PHP 4 billion (USD 71.01 million) to PHP 5 billion (USD 88.76 million) in capital expenditure this year to support the growth of its business segments, including for tuna. Century Pacific is one of the largest producers of canned tuna in the domestic market under the Century Tuna brand and a leading exporter of OEM tuna products to also the US.
Po asserted that the extra 10 percent tariffs on Filipino products, imposed by US President Donald Trump in April, have affected the company’s tuna business. He expects a positive outcome at the end of the 90-day temporary pause on tariffs, ending on July 9. However, Century Pacific is adopting a cautiously optimistic stance on its growth prospects amid commodity volatility, shifting trade dynamics, and the potential impact of new US tariffs, reported Filipino news sites. Century Pacific reported a revenue of PHP 19.94 billion (USD 353.96 million), up ten percent year on year in the first quarter of 2025. Net income rose by 11 percent to PHP 1.91 billion (USD 33.90 million).
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