Skip to main content

Mitsubishi Puts UK-Based Princes Canned Division Up For Sale

Mitsubishi Corp. has yet to make a decision on the future of its UK food-and-beverage subsidiary Princes.

According to financial-markets news publication Debtwire, the Japanese conglomerate has appointed M&A advisers at Houlihan Lokey to handle a sale process.

Approached by Just Food, a spokesperson for Mitsubishi said “no decision” had been made on Princes. Asked if Mitsubishi had hired bankers to oversee a potential sale, the spokesperson declined to comment. Referring to Mitsubishi as a whole, he added: “We are always looking to seek opportunities to grow the company.” Continue reading here (Source: Just Food).

Thai Union and The Nature Conservancy Release First Partnership Progress Report on Full Tuna Supply Chain Transparency

Thai Union Group PLC, one of the world’s largest seafood companies, and leading global conservation organization The Nature Conservancy (TNC), have released the inaugural progress report on their partnership on a pioneering commitment to improve on the water transparency in global tuna supply chains.

Since March 2021, Thai Union and TNC have been working together on a ground-breaking commitment, leading the way for a more responsible industry. This will see that the tuna Thai Union produces is sourced from vessels that are confident in the way they conduct their fishing activities by permitting monitoring at sea. Thai Union’s SeaChange® sustainability strategy is committed to addressing illegal, unrelated and unreported (IUU) fishing practices. This work will support demonstrations of legality and reporting, encouraging regulations to be followed.

Continue reading here (Source: Japan Today).

Spain’s Angulas Aguinaga Appoints Ex-Bolton Food Exec As New CEO

Spain-headquartered seafood group Angulas Aguinaga has appointed a former general manager at Bolton Food as its new CEO.

Oscar Vicente Hernandez joins the company following nearly four years as general manager at the Spanish arm of tuna giant Bolton Food.

In a short statement, Angulas Aguinaga said Vicente Hernandez would be charged with “boosting its growth”. Continue reading here (Source: Just Food).

Prices of Japan’s Top Tuna Highlights Country’s Recovery From COVID-19

The top bluefin tuna sold during the first auction of the year at Tokyo’s Central Wholesale Market in Toyosu reached JPY 36,040,000 (USD 274,120, EUR 256,785), carrying on a tradition started at the market’s former location in Tsukiji and signaling some recovery from the pandemic.

The high price has nothing to do with the actual value of tuna, nor with its relative scarcity. As in years past, it’s a PR stunt and a reasonably inexpensive way for the purchaser to get worldwide name recognition.

This year’s top tuna weighed 212 kilograms, and the successful bidder – for the third year in a row – was Yamayuki, an midsize wholesaler in Tokyo that supplies tuna to high-end sushi shops. Continue reading here (Source: SeafoodSource).

Oceans Broke Yet Another Heat Record in 2022, Scientists Warn

Another year, another climate record broken. In 2022, an international team of scientists measured the hottest global ocean temperatures in human history.

That makes 2022 the seventh year in a row that ocean temperatures have hit new peaks.

The record is based on two international timelines of ocean heat data stretching back to the 1950s: one conducted by government researchers in the United States and the other by government researchers in China. Continue reading here (Source: Science Alert).

New Study of Marshall Islands Fish Highlights Peril of Using Oceans As Dumping Grounds

Widespread pollution was found in fishes across six atolls in the Marshall Islands in a new study from researchers at the University of Hawaii and National Oceanic and Atmospheric Administration.

The study was completed at the request of the Marshall Islands Marine Resources Authority and tested fish for the presence of metals, certain pesticides, polychlorinated biphenyls and polycyclic aromatic hydrocarbons.

“This is essentially the first study of its kind there,” said Megan Donahue, a research professor at the Hawaii Institute of Marine Biology and co-director of the University of Hawaii’s marine biology graduate program. Continue reading here (Source: Honolulu Civil Beat).

Commercial Fishermen Offered Bounty to Collect Derelict Fishing Nets Near Hawaii’s Shores

Those who make their living out on the open ocean now have the opportunity to partake in a side hustle that simultaneously tidies up the environment.

Commercial fishermen have been offered a “bounty” to collect derelict fishing gear, often the culprit of the death of marine animals, and bring the debris back to shore.

Hawaii Pacific University’s Center for Marine Debris Research has launched a project to pay eligible commercial fishers to remove fishing gear at sea before it strikes Hawaii’s coral reefs or wildlife, according to a press release from the university.

Continue reading here (Source: ABC News).