Latest Fishing News
February 4-10, 2020
Ecuador Adopts National Tuna Action Plan

Ecuador’s Ministry of Production, Foreign Trade, Investments and Fisheries has issued a new Ministerial Agreement adopting the National Tuna Action Plan (PAN ATUN). This new public policy aims to officially establish more efficient goals and strategies for preserving and certifying the sustainability of industrial tuna fishing . This administrative management tool is said to be key to avoiding the permanent disruption of the life cycles of tuna and other associated species in the Eastern Pacific Ocean.

The Plan sets out a number of strategic lines, which include: reducing by-catch; improving environmental impact monitoring and management systems; strengthening the national traceability system; developing environmental education programmes; outreach and communication; promoting scientific research; and institutional reinforcement, in order to better respond to any threats that may affect such a crucial sector for the country’s economy. Continue reading here (Source: New Food Magazine).
Central American Purse-Seine Tuna Fishery Listed on Fishery Progress

A fishery targeting bigeye, skipjack, and yellowfin on the Eastern Pacific high seas and in the waters of Panama, Nicaruaga, and Ecuador has been listed on (Fishery Progress), a website developed to help the seafood industry track credible fishery improvement projects (FIPs) and their progress toward improvement.

The fishery is listed as the “Eastern Pacific Ocean tuna – purse seine (Marpesca),” and includes five purse seine vessels operated by Marpesca, a Panamanian-based integrated seafood company specializing in Central and South American seafood. The fleet harvests tuna using fish-aggregating devices (FADs) as well as free school, or without FADs. Continue reading here (Source: Seafood Source).
Maruha Nichiro Names New CEO, Revises Q3 Forecast Downward

In a series of press releases on 3 February, Tokyo, Japan-based Maruha Nichiro Corporation announced a new CEO, released its business results for the third fiscal quarter, and revised its outlook for the full fiscal year.

Shigeru Ito, who currently serves as president and CEO, will become the chairman of the board. His additional position as a representative director is unchanged. Masaru Ikemi, who is currently a director and senior managing executive officer, will take over as president and CEO, and will become a representative director. Junichi Yoneoka, who was a representative director and executive vice president, will become a corporate advisor. The changes take effect on 1 April, 2020. Continue reading here (Source: Seafood Source).
China Reduces Tariffs on More than 150 US Seafood Items

Last night, China’s Finance Ministry said it will halve tariffs on 1,717 US goods from February 14, lowering some to 5 percent from 10 percent, and others to 2.5 percent from 5 percent.
The announcement reciprocates the US commitment under the deal, it is also seen as a reaction to boost confidence amid the n-Cov outbreak that has disrupted businesses and impacted investor sentiment. The tariff reductions are in line with the Phase One Trade Deal.

As news of the virus continues to dominate headlines, and conversations, China’s moves to deescalate the situation has been welcomed by many, including foreign investors which were happy to see stock markets reach fresh peaks last night and the yuan hitting its highest in the last two weeks.

So far, the Ministry has not released the full lists or value of items that will be affected by the decision. But what we know is that the products benefiting from the reduced tariffs are part of the list of US$75 billion ( China’s tariff list one ) of goods that came into effect last September . Continue reading here ( Source: China Briefing).
Vietnamese Tuna Exports to the US Surged 38% in 2019

Vietnam’s tuna exports to the U.S. rose 38 percent last year, with that country remaining by far the biggest buyer of the fish.

They were worth $316 million, accounting for 44 percent of Vietnam’s total tuna exports, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The big increase year-on-year was due to the U.S.-China trade war, which caused American importers to look for sources other than China. Vietnam was the second largest exporter to the U.S. after Thailand, VASEP said.

There were also rising American demand for canned tuna, it added.

Vietnam’s tuna exports to ASEAN member countries rose 7 percent to $54 million, with Thailand and the Philippines being the two top buyers. Continue reading here (Source: VN Express International).
Tuna Supply Chains under Scrutiny as Bumble Bee Brand Changes Hands

On Jan. 31, Taiwan-based Fong Chun Formosa Fishery Company (FCF), one of the top three global tuna traders, bought U.S. canned-tuna brand Bumble Bee Foods for $928 million.

Bumble Bee, a 120-year-old business that holds a 22% share of the U.S.’s shelf-stable seafood market, declared bankruptcy late last year after pleading guilty to price-fixing alongside two other canned-tuna giants, StarKist and Chicken of the Sea.

FCF has supplied Bumble Bee with tuna for the past three decades. The acquisition will significantly boost the company’s economic clout, and will also give it a public face through the sale of Bumble Bee products. Continue reading here (Source: Mongabay).
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