Latest Fishing News
July 1- July 8, 2019
Tri-Marine Sold to Bolton Group

Bolton Group International has acquired Bellevue, Washington, U.S.A.-based tuna firm Tri Marine, according to an announcement from the companies.

Terms of the transaction were not disclosed, but a press release issued by Tri Marine said 100 percent of the company’s tuna supply chain business was sold to Bolton.

“Bolton has been a valued Tri Marine customer and partner for a very long time,” Tri Marine Renato Curto said. “This transaction ensures our growth and success well into the future. It places Tri Marine employees, partners, suppliers, and customers in highly capable hands. I am grateful that Bolton recognizes the strategic value of maintaining Tri Marine’s existing workforce, network of suppliers and global customer base. We can now focus on the group’s core business and continue to move in the direction that today’s world commands. I am proud of this transaction and know that Bolton is committed to our shared values of transparency, environmental and social responsibility, sustainability, quality and innovation.” Continue reading here (Source: Seafood Source).
South Pacific Tuna Corporation Slashes Fleet by More Than Half

South Pacific Tuna Corporation (SPTC) announced today that is selling more than half of its 14 U.S.-flagged purse seine fishing vessels to foreign operators, reducing its fleet to six by the end of the year. Approximately 12 U.S. captains and their crew will be relieved of duty. Additionally, the San Diego-based office and management team will be reduced to support the downsized fleet.

The sale of the vessels represents a reduction of 70,000 tons of US-produced tuna, which will increase the U.S. seafood trade deficit by $80M to $100M USD annually. The move also reduces the volume of sustainable FAD-free, MSC certified fish for the global tuna market, including fish supplied under the Pacifical program. SPTC will continue to supply sustainably harvested tuna to its current customers with its remaining operations. Continue reading here ( Source: Yahoo Finance).
Century Tuna Expands Beyond Tuna

After building a business empire out of seafood canning, the Po family-led Century Pacific Food Inc. (CNPF) is becoming less of a tuna producer and more of a diversified food group with fast-growing meat, milk and coconut businesses.

But CNPF will continue to invest in its traditional business.

A new tuna processing plant with an additional capacity of 100 metric tons daily will be switched on in General Santos by the fourth quarter. Continue reading here ( Source: Business Inquirer).
Albacore Tuna Landings on US West Coast Hit a 20-Year Dip

Landings for U.S. West Coast albacore tuna fell below 2017 landings and below the 20-year average in 2018. 

The troll industry hopes enough market-sized, young fish will recruit into the fishery in time for this year’s season, according to Wayne Heikkila, executive director of Western Fishboat Owners Association in Redding, California.

“There were a lot of small fish around last year,” Heikkila said. By small fish, he’s referring to 7-pound fish that the industry hopes will grow to 12- to 15-pound fish in time for the 2019 season, which peaks in July . Continue reading here ( Sourc e: Seafood Source ).
Pacific Islands Face Hardships as Tuna Follow Warming Waters

Climate change is hitting the Pacific islands hard. As sea levels rise four times faster than the global average, ocean warming is altering the habitat of tuna, a fish paramount to the economies and diets of these nations.

Human Nature spoke with Johann Bell, senior director of Pacific tuna fisheries at Conservation International, about his latest research into the powerful ways climate change is expected to affect tuna populations — and your lunch. Continue reading here ( Source: Conservation International).
Good Catch Raises $10 Million to Develop Plant-Based Tuna

Gathered Foods, producer of  Good Catch  vegan  seafood alternatives , has announced that it has closed a $10 million convertible note round co-led by  New Crop Capital  and  Stray Dog Capital  in order to fund a new production plant for the scaling of its plant-based tuna.

According to  The Spoon,  Gathered Foods is presently developing the $20 million manufacturing facility in Ohio for the production of plant-based proteins, with the aim of completing the building by the end of this year. The facility should enable the company to supply the predicted demand for the plant-based products, in contrast to other vegan meat producers who have fallen short in terms of production capacities due to unforeseen demand. Continue reading here ( Source: Vegconomist).
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