Latest Fishing News May 13-20, 2019

Shanghai Kaichuang Orders New USD24m Tuna Purse Seiner Shanghai Kaichuang Marine International Co Ltd says unit signs agreement to build fishing boat worth 162.1 million Yuan ($23.58 million). Continue reading here (Source: Yahoo News).

Walmart to Respond to Tariffs on Chinese Goods by Raising Prices on Seafood, Changing Suppliers Walmart, America's largest retailer, said Thursday it will raise prices on some products as a result of the  Trump administration's tariffs on Chinese goods . "We're going to continue to do everything we can to keep prices low. That's who we are. However, increased tariffs will lead to increased prices, we believe, for our customers." Walmart chief financial officer Brett Biggs told reporters on a call after the retailer reported earnings for the first quarter of 2019. Biggs did not say which items will become more expensive at Walmart. He noted, however, that Walmart's merchant teams have been developing strategies to mitigate cost increases and working with its suppliers to manage prices. Continue reading here (Source: CNN).

US Turns Attention to Chinese Garlic, Tuna and Laptops as Trade War Escalates US officials have issued a list of $300bn worth of Chinese goods earmarked for further tariff hikes as the bitter trade war between the two countries showed no sign of abating. The list of 3,805 goods including laptop computers, saw blade parts, tuna and garlic, was published after Beijing said it was preparing to impose duties of up to 25% on $60bn of US imports. It was a step towards carrying out Donald Trump's threat earlier this month to extend punitive 25% duties to all imports from China, the US Trade Representative (USTR) said. Escalating trade tensions between the world's two biggest economies have prompted steep falls in world stock markets amid fears about the impact on global growth. On Monday, New York's Dow Jones Industrial Average fell 2.4% and the tech-heavy Nasdaq lost 3.4% in its biggest drop of the year. Continue reading here (Source: Yahoo News).

Fully Farmed Japanese Tuna Set to Make its Way to Europe A Maruha Nichiro aquaculture facility in Oita Prefecture, Japan. Japanese seafood company Maruha Nichiro will export fully farmed tuna to Europe, taking advantage of a recent economic partnership agreement scrapping most substantial tariffs. Maruha Nichiro, the nation's largest producer of fully farmed tuna, has received approval to ship fresh fish to Europe from an aquaculture facility and processing plant in Oita Prefecture. The seafood will be sold through a Netherlands-based subsidiary to such customers as Japanese restaurants.  The company aims to sell more than 10 tons of fully farmed tuna to Europe in fiscal 2019. Continue reading here ( Source: Nikkei Asian Review).

Tuna Will Take Center Stage on Palau's Menu To celebrate World Tuna Day, Palau President Tommy Remengesau Jr. on 1 May signed a presidential directive calling for a “national commitment to reduce pressure on the reef, promote locally produce foods.”  Under the directive, all government food service systems must serve pelagic fish such as tuna, with reef fish no longer allowed to be served at any government event or by any government-backed foodservice system.  In his directive, Remengesau said the move was being made to ensure food security and increase the supply of tuna to the domestic market. Continue reading here ( Source: Seafood Source).

*Prices are indications only.  Please  contact us  for firm pricing.

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