Latest Fishing News
February 11-18, 2020
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Thai Union’s Profits Hit New High Despite Drop in Sales Value
Despite a decline in sales, seafood giant Thai Union saw record-breaking profits last year.
Announcing its Q4 and year-end results on 17 February, Thai Union said its gross profit, for the first time, exceeded THB 20 billion (USD 640.6 million, EUR 591 million) in 2019, rising 6.4 percent year-on-year, largely driven by the improvement in gross profit in its three business segments comprising ambient seafood, frozen, and chilled seafood, and value-added.
The tuna giant’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose 9.2 percent year-on-year to an all-time high of THB 12 billion (USD 384.4 million, EUR 354.6 million) in 2019.
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(Source: Seafood Source).
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American Samoa Calls on US for More Help with Disaster Resilience, Economy
American Samoa has called on the US for more help in building the territory's resilience to disasters and diversifying its economy.
The territory's statement was presented yesterday to the annual meeting of the Interagency Group on Insular Areas and focused on seven areas of economic concern.
Lieutenant Governor Lemanu Peleti Mauga presented the statement to the group, which advises the president on federal policies for US territories.
American Samoa expressed concern about uncertainty over the tax credit for the Starkist fish cannery, a major employer in American Samoa.
Congress recently extended the credit but American Samoa wants a permanent credit.
The territory also wants to set its own minimum wages and is calling on Congress to reinstate Special Industry Committees to adjust wage rates.
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(Source: Radio New Zealand).
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Tuna Production Grows 5600% in the Last 12 Years
In the last 12 years, tuna processing has increased from 700 to 40,000 tons of raw material, according to the Peruvian Tuna Chamber (CPA); that is, it had a 5600% increase.
The fisheries association said that in that period the sector experienced a growth of 13 600% and currently reports USD 123 million annually in sales.
In addition, it highlighted that the Peruvian tuna industry is one of the most dynamic in the world, in the frameworkd of the Tuna 2020 Conference, in Panama.
According to CPA President Alfonso Miranda this development was the result of an investment of USD 200 million from the business sector.
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(Source: Fish Information Services).
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Filipino Tuna Company Century Pacific says they are 100% ‘Plastic Neutral’
Po family-led food manufacturer Century Pacific Food and restaurant chain operator Shakey’s Pizza Asia Ventures have officially attained their 2020 goal to be 100-percent “plastic-neutral.”
Being “plastic-neutral” means a company is able to recover the amount of plastic equal to what it uses and convert it into energy.
In 2019, both Century Pacific and Shakey’s Pizza teamed up with leading cement-maker Republic Cement and Friends of Hope, an impact company, to co-process post-consumer plastic waste as fuel for cement production, promoting this as an alternative to coal.
Co-processing uses heat to destroy and recover any thermal or mineral properties of waste materials, so that these can be used in cement processing in a single, combined operation.
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(
Source: Inquirer.Net).
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10-Minute Video Regarding the Current State of the American Samoa Tuna Industry - PBS
Locally based fishermen who supply the lone Starkist tuna cannery in American Samoa are facing a perfect storm of obstacles that are threatening their economic survival. A battle is now on in the U.S. territory to fend off those looming challenges, from rising fuel costs to international competition. Special correspondent Mike Taibbi reports with support from Pacific Islanders in Communications.
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(Source: PBS News Hour Weekend).
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Spanish Tuna Vessel F/V Albacora 6 Sinks off Ivory Coast
The 29 crew members of the tuna boat "Albacora Six" are already in port . The ship that transported them, the "Kurtzio", arrived in Abidjan (Ivory Coast ) around ten o'clock in the morning , Spanish time, according to sources from the shipowner to relatives. Among the triupulation is the Juan Carlos Pazos Pena, 54. The entire crew was from the "Albacora Six" was rescued and was traveling aboard the fishing vessel "Kurtzio", also tuna boat of the same Basque ship owner Nicra 7, "all good" , heading to the ivory port of Abidjan, which is the second most important city from the country. At the moment there are no details of how the repatriation will be carried out and upon arrival at the Costa Rican port the Spanish consul had planned to meet with the crew members to be interested in their status and take a first statement of what happened. At the moment they will stay in a hotel.
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(Source: Faro De Vigo).
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