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Latest Fishing News

9 September 2024

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IATTC Meeting in Panama Concludes With Resolutions for Tuna, Bycatch, and Tuna Electronic Monitoring; Including 2-Year Extension of Tuna Management Measures


Consensus approval was successful.


Expand existing efforts for tropical tunas.


Over a period of 2 years, a review was conducted on the status of the yellowfin tuna population for reducing the duration of closure days or removing the corralito if findings indicate the species is thriving. Continue reading here (Source: X).

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Philippines Looks to Adopt National Tuna Management Plan


The Department of Agriculture (DA) seeks increased capacity utilization of various tuna canneries nationwide to generate more jobs, attract new investments and bolster food security in the country.


Agriculture Secretary Francisco Tiu Laurel, speaking at the National Tuna Congress, highlighted key strategies to strengthen the industry that include the adoption of a national tuna management plan, sustainable management practices, combating illegal fishing activities and the reconstitution of the Bureau of Fisheries and Aquatic Resources (BFAR) technical working group on tuna fisheries.

Continue reading here (Source: Manila Standard).

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Walmart Sets New Tuna Sourcing Rules


Walmart and Sam’s Club on Wednesday announced an updated seafood policy that calls for more-stringent standards and transparency in the retailers’ tuna supply chain.


The new rules around tuna sourcing aim to address issues such as accidental catch of non-targeted species, illegal fishing and abandonment of fishing gear, Walmart, the country’s largest food retailer, said.

Continue reading here (Source: Supermarket News).

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Vietnamese Tuna Fishermen Hit Hard by New Regulations


The new tuna size regulations in Decree 37/2024/ND-CP have drastically reduced the value of catches for Vietnamese fishermen, leading to significant economic hardship and threatening the sustainability of the industry.


Returning from a 20-day fishing expedition in the Spratly Islands, 56-year-old fisherman Nguyen Nhon from Quang Ngai Province expressed deep concern over the plummeting prices of skipjack tuna. He noted that the price per kilogram had halved from a peak of VND30,000 (US$1.22) a kilo, a substantial decline that threatens the livelihoods of many fishermen since it normally costs VND140 million ($5,700) per fishing round. Continue reading here (Source: Saigon Giai Phong News).

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NGO Raises Concerns Over MSC Ecolabeling, Forced Labor in Tuna Fishing


New research published today in Ocean Sustainability finds that the Marine Stewardship Council (MSC), the world’s most recognized ecolabel for sustainable seafood, is failing to identify forced labor violations in the fisheries it certifies despite claims to the contrary.


“In a matter of minutes, I was able to find multiple cases of forced labor on vessels that are part of MSC-certified fisheries by comparing data from the vessel registries of all tuna Regional Fisheries Management Organizations against highly publicized lists of implicated vessels,” said report author Katrina Nakamura, PhD. “If it was this easy for me to find this information, it’s hard to believe MSC could be unaware of this problem.” Continue reading here (Source: Yahoo! Finance).

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EU Failing to Enforce Illegal Fishing Rules, Says Campaigners


Campaigners have said that the EU is failing to enforce rules on illegal fishing, and allowing member states to conceal information that could help uncover breaches of fishing law.


The court of justice of the EU ruled on Thursday that member states could keep vital details of their implementation of fishing rules under wraps, in a blow to environmental campaigners hoping to use the information to show whether the regulations are working. Continue reading here (Source: The Guardian).

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SSC Meeting in Honolulu to Tackle Key Fisheries Management Issues


The Western Pacific Regional Fishery Management Council’s Scientific and Statistical Committee (SSC) will convene Sept. 11-13, 2024, to address important issues impacting fisheries management in the Pacific Islands.


Noncommercial Fisheries Data Updates:

The SSC will evaluate improvements to the Hawai‘i Marine Recreational Fishing Survey and review its potential use in stock assessments, annual catch limits and monitoring efforts. Presentations will cover the latest data improvements, feedback from a recent fishermen’s workshop and the potential to use the data in annual reports. Continue reading here (Source: Western Pacific Regional Fishery Management Council).

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NOAA Proposes Expanding Electronic Reporting of Fish Catches


Atlantic fishermen landing high-value species like swordfish, sharks and tuna would no longer have to file dockside paper reports detailing their catch to regulators under a NOAA Fisheries proposal that would shift data reporting into the digital age.


Under a proposed rule rolled out Thursday, NOAA officials said they would collect such information electronically through onboard electronic vessel trip reporting software, or eVTRs. Continue reading here (Source: E&E News)

Current MGO Price Indications
*Prices are indications only.
Please contact us for firm pricing.
PORT
PRICE

Abidjan, Ivory Coast

USD2.90/gallon | USD767/KL

Balboa, Panama

USD2.44/gallon | USD645/KL

Bangkok, Thailand 

USD2.69/gallon | USD712/KL

Busan, South Korea 

USD2.27/gallon | USD601/KL

Callao, Peru

USD3.16/gallon | USD836/KL

Cape Town, South Africa

USD3.11/gallon | USD823/KL

Cartagena, Colombia

USD2.40/gallon | USD635/KL

Manta, Ecuador

USD3.05/gallon | USD806/KL

Pago Pago, American Samoa

USD3.23/gallon | USD854/KL

Papeete, Tahiti

USD3.25/gallon | USD859/KL

Shanghai, China

USD2.29/gallon | USD606/KL

Tema, Ghana 

USD3.50/gallon | USD925/KL

Tokyo, Japan

USD2.97/gallon | USD784/KL

Current Crude Oil Prices
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