We take a look at some of the key players in Papua New Guinea’s fisheries sector.
R D Tuna PNG
R D Tuna PNG is Papua New Guinea’s largest tuna canner. The Philippines-owned company is based in Madang. R D Tuna operates 17 fishing vessels in PNG waters and sells its products under the Diana, Dolly and Dolores brands.
With Fairwell Fishery Group of Taiwan and Tri Marine International of the United States, R D Tuna has formed a joint venture under the name Niugini Tuna Limited, and has signed an agreement with the PNG government to operate in the Pacific Marine Industrial Zone.
R D Tuna is currently being considered for accreditation under the Marine Stewardship Council’s sustainability and traceability policies.
International Food Corporation (IFC)
Malaysian-owned International Food Corporation (IFC), based in Lae, produces Besta canned mackerel and is moving into the tuna canning market. About 95% of the tuna will be exported to Europe, with the remainder sold locally. The plant is expected to generate 2000 jobs over the next several years. IFC produces more than 6000 cans of mackerel per day, and makes its own cans, dresses and cleans its own fish, and cans and pressure-cooks its products. Unused fish is turned into fishmeal.
Frabelle Fishing Co
Filipino-owned tuna firm Frabelle Fishing Co opened its own tuna loining and canning plant in Lae in 2006, and also owns and leases purse seiner vessels. It handles all stages of the canning process, including can making, printing and canning. Eighty percent of its product is exported to the European Union, with the remainder sold locally under the Isabella brandname. Frabelle’s cannery is fully EU-compliant. The company has requested eco-accreditation by the Friends of the Sea and has complied with the Earth Island Institute’s dolphin safe standards. With the Thai Union of Thailand and Century Canning of the Philippines, Frabelle is setting up a 350-tonnes-a-day venture, the Majestic Seafoods cannery in Lae.
South Pacific Seafood
South Pacific Seafood is a 75% PNG-owned/25% Philippines-owned company with plans to invest in fishing port facilities in Central, West New Britain, Morobe, Milne Bay and Manus provinces.
Ailan Seafoods Ltd
Ailan Seafoods Ltd in Kavieng, New Ireland, buys reef fish, snapper, mackerel, crayfish, lobsters, beche-de-mer, and trochus shells and exports them in chilled form. It also farms milk fish, grouper and other saltwater fish in sea cages, and fillets fish for export.
First published in Made in PNG 2012
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Please could you assist me in one thing about your share,I’m the investor in PNG I want to invest in your firm,any feedback from this…
I am a project officer with Simberi Mining Area Asssociation, developing sustainable projects focusing n post mining challenges for the peple of Tabar Islands where the Gold Mine influences their livelihood. I have developed a project scope for fishing project here that includes domestic and iternational markets,,, and we are happy to be open for business with existing fishing industry and venture in PNG… joint venture??… or just trading…
I note the interesting views aforementioned…. We are looking forward to communicating with you at your operation and also visiting you for discussions.
Its interesting here.. how fisheries industry being progessed. Just a comment here, as concencentration of government basically on mining sector and not really much on our major renewable resource FISHERIES ,there for its better it is better to make sure the work forces of FISHERIES industry be increase as mininig and LNG work foces, in terms of all areas of fisheries you name it from Sustainable management of the resources to production and income of the industry. I believe thats where Fisheries sector will be appear to as big industry in the nation. In doing so we have most of our fisheries graduates looking for jobs through out the nation, so make use of these guys and they will be our main work force than we can see and support how the industry could move forward.
I fully agree with what you are saying. The industry is certainly getting bigger in PNG with more foreign owned entities entering out shores to set up factories and fishing as well. However, I feel the government is not paying enough attention to the fisheries sector, but concentrating on the LNG projects. The benefits in terms of employment opportunities and revenue for the government are obvious, however there needs to be more attention. I see that there will be problems in the future, decline in stocks, more fish being caught and introduction of super seiners (factory ships) etc…
Sustainability issues should be looked at seriously…