Latest Fishing News
4-9 May 2022
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Solomons Tuna Plant Could Establish Thousands of New Jobs
Solomon Islands and the International Finance Corporation (IFC) are to work together to develop a world class tuna processing plant in Malaita Province that could create employment opportunities for more than 5,500 people.
The Bina Harbour Tuna Processing Plant will be built under a public private partnership (PPP) and is expected to generate up to $US40 million in foreign investment for the government.
Minister for Fisheries and Marine Resources, Nestor Giro, said the project will "create employment, derive more benefit from our sovereign tuna resource, and add an important Solomon Island contribution to our economy." Continue reading here (Source: Radio New Zealand).
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Thai Union To Invest Another USD 10.5 Million in Tuna Cannery in Seychelles
Thai Union is planning to invest another 10 million euros in the Indian Ocean Tuna (IOT) canning factory in Seychelles in the next two years, said a top official of the group.
Thiraphong Chansiri, Thai Union Group president, made the statement to reporters following his meeting with Seychelles' President Wavel Ramkalawan at State House on Thursday.
"Over the last five years our company has invested over 40 million euros, and we will also have 10 additional in the next two years," said Chansiri. Continue reading here (Source: Seychelles News Agency).
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Record-Breaking Year For Sustainable Tuna
The MSC is forecasting record sales of tuna products carrying the blue label; 130,000 tonnes in 2021/22, more than doubling the 50,000 tonnes sold five years ago.
According to the MSC, this growth has been supported by new, company-wide commitments from retail and seafood giants including Lidl, Aldi, Edeka, Rio Mare, Followfood, Waitrose, Walmart and John West Australia to source only sustainable tuna.
Increases in sales of sustainable tuna have also been supported by fishing companies investing in more sustainable fishing practices, reducing the environmental impacts of tuna fishing to achieve MSC certification, giving buyers and consumers assurance of the sustainability of their catch. The total global MSC certified tuna catch reached a record of almost 2 million tonnes in 2021/22 compared to landings of under 1 million tonnes in 2017/18. Continue reading here (Source: FiskerForum).
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Ecuador Promises More Openness Of Fisheries Information Under New Initiative
Ecuador has become the first Latin American country to join a growing international effort aimed at bringing greater transparency to the fishing industry and making it more sustainable.
In a March 11 announcement, the Ecuadoran government committed to implementing the standards of the Fisheries Transparency Initiative (FiTI). The announcement was made in the coastal town of Manta, an important fishing port that’s home to part of Ecuador’s tuna fleet, and where fishers also land protected species such as hammerhead sharks.
Nicolás Rovegno, regional coordinator of FiTI for Latin America, said the importance of this commitment lies in the need to make information about fisheries transparent to tackle overfishing, illegal fishing and opacity in the industry. Continue reading here (Source: Mongabay).
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Century Pacific's First Quarter Earnings Rise By 10%
Century Pacific Food, Inc. (PSE: CNPF), one of the largest food and beverage companies in the Philippines, hit the ground running in the first quarter of 2022 as earnings rose to Php 1.4 billion, up by 10% versus the same period last year.
The Company saw consolidated net revenues likewise increase by 10% from the first quarter of 2021, landing at Php 14.7 billion. This was mainly due to the outperformance of its Branded segment, which contributed 82% to CNPF’s topline.
The sales of the Branded segment, which is composed of Marine, Meat, Milk and other emerging businesses, clocked in a growth of 17% year-on-year as domestic demand for affordable and shelf-stable consumer goods remained resilient for the quarter. Continue reading here (Source: Century Pacific Food).
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Bolton Group: Atlantic Needs Tuna Harvest Controls
One of Europe’s biggest stakeholders in the tuna sector is calling for more pre-agreed, science-based decisions and automatic mechanisms to manage tuna stocks in order to establish greater stability and predictability in the complicated supply chain.
Milan, Italy-based Bolton Food Group represents more than 10 percent of the global canned-tuna market, employing more than 15,000 people at 15 plants. The main problem the company faces is a lack of rules governing tuna fishing and tuna fishers, according to the firm’s sustainable development manager, Héctor Fernández.
“This affects the stability that is required for the tuna sector,” said Fernández, who was participating in an industry webinar held to urge the International Commission for the Conservation of Atlantic Tunas (ICCAT) to implement science-based harvest strategies for the stocks it manages, including Atlantic bluefin tuna. The meeting was co-hosted by The Pew Charitable Trusts, Global Tuna Alliance (GTA), Tuna Protection Alliance (TUPA), and HarvestStrategies.Org. Continue reading here (Source: SeafoodSource).
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Current MGO Price Indications
*Prices are indications only.
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USD4.71/gallon | USD1245/KL |
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USD4.40/gallon | USD1163/KL |
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USD4.16/gallon | USD1100/KL |
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USD3.97/gallon | USD1049/KL |
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USD4.90/gallon | USD1294/KL |
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USD4.34/gallon | USD1148/KL |
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USD4.08/gallon | USD1078/KL |
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USD6.14/gallon | USD1623/KL |
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USD4.07/gallon | USD1076/KL |
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Pago Pago, American Samoa |
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USD3.89/gallon | USD1028/KL |
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USD3.21/gallon | USD848/KL |
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USD4.29/gallon | USD1143/KL |
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USD4.71/gallon | USD1245/KL |
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USD4.23/gallon | USD1,117/KL |
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