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Majestic cannery in PNG halts operations amid high tuna prices, cash flow issues

Majestic Seafood plans to temporarily shut down its tuna cannery and loin plant in Papua New Guinea at the end of June

By Matilde Mereghetti | June 27, 2023 10:13 BST
Scene from the port of Alotau, Milne Bay, Papua New Guinea. Credit: Marina Riley/Shutterstock.com
Scene from the port of Alotau, Milne Bay, Papua New Guinea. Credit: Marina Riley/Shutterstock.com
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Majestic Seafood plans to temporarily shut down its tuna cannery and loin plant in Papua New Guinea (PNG) at the end of June, having incurred significant financial challenges this year, sources with its parent company told Undercurrent News [...]

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