Tri Marine: Consensus, enforcement of tuna protection measures must improve
Lack of measures aimed at reversing the declining trend of the Western and Central Pacific bigeye and albacore stocks, along with pervasive enforcement inadequacies, among major disappointments Matt Owens cites from the latest WCPFC meeting
Bumble Bee, Thai Union to review Samoa plant project
Bumble Bee and Thai Union executives are to review the former’s plan to build a processing plant in Samoa, as US tuna firm also plans investment in coldstorage in Fiji
Bumble Bee loan part of funding for $25m PAFCO upgrade
Fiji-based processor PAFCO’s new cold storage facility and other upgrade works in the next 24 months will cost about $25m
Sources: Tri Marine selling tuna seiner to Albacora amid ‘chronically oversupplied’ market
US-based tuna group is selling one of the two tuna purse seiners it is having built in Spain to Albacora, with the second also up for grabs, sources told Undercurrent News
World Bank approves $33m fisheries grant
The World Bank has approved a $33m grant for a program to strengthen fisheries management in select Pacific countries
Lion Capital to more than quadruple its investment in Bumble Bee
Lion Capital expects to make more than 4.5x its investment with the sale of Bumble Bee
Tri Marine forms tuna JV with Chinese fishing firm
US-based tuna giant and Shanghai Kaichuang Marine form JV
Thai Union, Bumble Bee deal presents enlarged target for Greenpeace
Bumble Bee being owned by Thai Union would present Greenpeace with an enlarged target in US, sources say, just before first press release on subject from NGO comes out
Thai Union to tap domestic lenders to fund Bumble Bee deal
Bangkok Bank and Siam Commercial Bank will offer a $1.51bn bridge loan to Thai Union Frozen Products to finance the purchase of US tuna firm Bumble Bee