Nine-year tuna price-fixing saga ends as judge signs off on $130m settlement for US consumers
The Nov. 22 rulings effectively closed one of the largest antitrust cases in the US seafood industry, bringing long-awaited relief to consumers and businesses harmed by alleged price-fixing
Bumble Bee expands line of canned fish snacks
'Our goal is to make it easier than ever for people to enjoy seafood in ways that are both practical and delicious' -- Jeremy Zavoral, Bumble Bee Seafoods
Spanish fishing body first to achieve MSC for all tropical tuna
Spain's AGAC has become the first fishery association in the world to secure Marine Stewardship Council certification for all tropical tuna stocks in the Pacific
US East Coast wholesaler on port standoff: ‘This strike is going to really wreak havoc’
The US imports as much as 260,000 metric tons of seafood worth $21.1 billion monthly, much of it arriving in the more than 14 ports that have shut down
South Korean Sajo Daerim’s premium tuna sales surge 280% amid gourmet demand
The Seoul-based seafood processor reported a 280% surge in its 'Premium Tuna' sales, driven by rising gourmet demand and a high-profile advertising campaign
US seafood trade imbalance continues to grow in 2024
The total value of US seafood exports was 16% of the total value of US seafood imports during the first half of 2024, down from the 20% ratio seen in 2023
Japan’s Sojitz targets 210% seafood business profit growth to $27m
The Japanese conglomerate intends to lift its seafood business net income to JPY 4bn within three years
Just under half of global tuna stocks now meet MSC overfishing standard
The latest report from the ISSF shows that 11 of the 23 major commercial tuna stocks are maintaining stock biomass levels, up from eight last year
South Korea’s overseas fishery registers 41% growth in Jan-May tuna catch
The East Asian country's overseas fishery caught 222,943t through January-May 2024, a 38% increase y-o-y, largely due to bumper harvests of tuna and squid
South Korea’s Sajo plans to hit $7.2bn revenue via M&A
Through two recent large-scale deals, the South Korean giant aims to become the third-largest food group in the country this year, then reach KRW 10tr in five years