Latest Fishing News
2-8 August 2022
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Federated State of Micronesia (FSM) Opens Its International Borders
The Federated States of Micronesia has opened its international borders despite a worsening COVID-19 outbreak.
So far two states, Pohnpei and Kosrae, are dealing with Covid-19 community transmission but Chuuk and Yap are yet to report outbreaks.
President David Panuelo over the weekend sought to reassure leaders from the two covid free states that measures would be put in place to protect citizens. Continue reading here (Source: Radio New Zealand).
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Marshall Islands Eyes Micronesia as Border Opening Looms
With the border opening looming in the Marshall Islands, there is increasing talk in the community about the arrival of COVID in a nation that has remained free of the virus throughout the pandemic, able to keep COVID at bay through strict quarantine measures.
With the government’s announced plan to eliminate quarantine after October 1, there are more questions than answers in the conversations: Are we ready, will there be lockdowns, will schools and businesses be closed?
Neighboring Federated States of Micronesia opened its borders officially Monday this week. But COVID slipped into Pohnpei and Kosrae a month before the border opened. The COVID wave in the 16 days since the first cases were confirmed on July 18 has caused 11 deaths, nine in Pohnpei and two in Kosrae. Continue reading here (Source: Marianas Variety).
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Thai Union's Q2 Sales Hit Record on Petcare, Value-Added Businesses, But Profits Drop
Thai Union reported record sales figures in the second quarter of 2022 mainly thanks to higher demand for its petcare and value-added products.
Thai Union’s sales rose 8.5 percent year-on-year to THB 38.9 billion (USD 1.09 billion, EUR 1.07 billion) between April and June 2022, with gains also coming from higher prices and favorable foreign exchange rates, the company reported in its Q2 2022 results, released 8 August.
However, Thai Union’s net profit dropped 30.7 percent year-on-year to THB 1.62 billion (USD 45.3 million, EUR 44.5 million), which the company attributed to the impacts of the adjustments in the fair value of the preferred units of its U.S. affiliate Red Lobster, and the restructuring costs related to the closure of its Rügen Fisch plant in Lübeck, Germany announced earlier this year. The increase in prices of raw material – in particular the high cost of salmon – were also a hit to the company’s bottom line, and it blamed sky-high freight costs for an additional hit of THB 560 million (USD 15.7 million, EUR 15.4 million) between April and June. Continue reading here (Source: SeafoodSource).
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Sharing the Tools of Sustainable Fishery Management
They say it takes a village. But sometimes it takes a multi-agency, Pacific-wide collaboration.
With help from NOAA Fisheries, the U.S. Coral Reef Task Force, and local partners, the U.S. territories of Guam and American Samoa are on their way to developing their first sustainable coral reef fishery management plans. Once completed, these plans will chart a path forward to ensure the islands’ marine resources are around for future generations to enjoy.
“The territories are taking a proactive approach in leading their efforts for sustainable coral reef fisheries management,” said Fatima Sauafea-Le'au, American Samoa coral reef fisheries liaison with NOAA Fisheries’ Pacific Islands Regional Office. Continue reading here (Source: NOAA Fisheries).
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The New Plan for Papua New Guinea's Fishing Industry
Ocean fishing contributes half a billion US dollars every year to Pacific countries.
This crucial industry has become even more important as mainstays like tourism have been battered by the global pandemic but, while PNG is the biggest tuna processing country in the region – marine product exports were valued at K325 million* in 2021 – it is still missing a big opportunity.
Ango Wangatau, Chairman of PNG’s National Fisheries Authority tells Business Advantage PNG that the new Fisheries Strategic Plan 2021–2030 will help PNG ‘change from a highland country to a fishing nation’. Continue reading here (Source: Business Advantage PNG).
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Dawn of a New Era for National Fisheries Authority (NFA)
On the 28th of July the National Fisheries Authority officially announced the appointment of its new Managing Director, Justin llakini.
Ilakini is long time expert in both the Papua New Guinea and Regional fisheries industry. Originally from Gavuone Village, Central Province, he served with the NFA for 8 years before taking up advisory roles at the Honiara, Solomon Islands based Pacific Islands Forum Fisheries Agency (FFA). He served the FFA for over 9 years, working with pacific
FFA member governments and tuna industry players assisting with regional economic integration and investment facilitation.
He returned to the NEA in 2019 and has now been appointed to the Managing Director position. Mr llakini brings with him to NFA, the strong motivation to drive an agenda of change. Continue reading here (Source: Loop PNG).
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Not Too Big to Fail
In a strongly-worded warning ahead of the Western and Central Pacific Fisheries Commission (WCPFC) upcoming WCPFC Science-Manager Dialogue (SMD) meeting, due to take place this month, the Global Tuna Alliance has issued a reminder that a significant group of companies are determined to keep tuna stocks in the ‘green zone.’
‘We appreciate that the major tuna stocks in the Western and Central Pacific Ocean are currently ‘in the green1’ – with no overfished stocks or overfishing occurring,’ said Dr Tom Pickerell, Executive Director of the Global Tuna Alliance.
‘But to ensure this continues, we are calling on the Western and Central Pacific Fisheries Commission (WCPFC) to accelerate action to develop comprehensive management procedures (harvest strategies) across these stocks.’ Continue reading here (Source: FiskerForum).
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Century Pacific Food Profit Up 9%
Po family-led Century Pacific Food Inc. (CNPF), one of the country’s leading food and beverage companies, improved its first semester net profit by 9 percent to P3 billion as branded seafood, meat and milk businesses all gained ground from last year.
For the second quarter, CNPF’s net profit grew nearly 8 percent, driven by the 20-percent jump in net revenues to P16.3 billion. Continue reading here (Source: Business Inquirer).
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Current MGO Price Indications
*Prices are indications only.
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USD5.19/gallon | USD1372/KL |
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USD3.78/gallon | USD999/KL |
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USD3.56/gallon | USD942/KL |
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USD3.24/gallon | USD856/KL |
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USD4.69/gallon | USD1240/KL |
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USD4.21/gallon | USD1112KL |
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USD4.03/gallon | USD1064/KL |
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USD5.78/gallon | USD1537/KL |
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USD4.49/gallon | USD1187/KL |
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Pago Pago, American Samoa |
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USD4.41/gallon | USD1165/KL |
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USD4.22/gallon | USD1115/KL |
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USD3.55/gallon | USD938/KL |
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USD3.61/gallon | USD953/KL |
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USD3.87/gallon | USD1023/KL |
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Clipper Oil offers a weekly update with the latest positions of the high-seas fuel tankers working throughout the Pacific and all other oceans.
To view the latest positions of our high-seas tankers, please click here.
To be added to our weekly high-seas tanker email distribution list, please
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Tel: +65-9640-7998
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American Samoa Office
P.O Box 988
Pago Pago
American Samoa 96799
Tel: +1-684-633-5002
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