Saving Seafood

Thai labor ministry, industry groups sign deals to improve anti-slavery efforts

April 1, 2021 — The Thailand Department of Labor Protection and Welfare is partnering with seafood industry groups on an effort to eliminate the use of forced labor in the sector.

On 29 March, the Thai government signed non-binding memoranda of understanding with several industry associations, under which the companies will make public their policies to combat forced and child labor, establish mechanisms to deal with complaints, and undergo audits on the quality and effectiveness of their labor standards.

Read the full story at Seafood Source

Thai Union scored record profits in 2020, despite Red Lobster losses

February 22, 2021 — Bangkok, Thailand-based seafood giant Thai Union earned a record profit last year despite losses from its Red Lobster affiliate, the company said in its Q4 results report, released 22 February.

The company’s net income in the fourth quarter rose 38 percent year-on-year to THB 1.46 billion (USD 48.6 million, EUR 40 million) on the back of strong core business results. The company’s net profit reached THB 6.25 billion (USD 208 million, EUR 17.2 million) last year, an increase of 64 percent from 2019. Thai Union said this is the first time that its net profit has surpassed THB 6 billion (USD 200 million, EUR 164.7 million).

Read the full story at Seafood Source

Shipping-container shortage hampering seafood exports from Asia

January 22, 2021 — A severe shortage of shipping containers is leading to rising shipping costs and difficulty moving goods, playing havoc with seafood exporters in Asia.

The shortage has been felt by all major exporters in Vietnam, Thailand, China, and India. Data from Vietnamese seafood exporters show that the shipping cost to the European Union rose between 145 percent and 276 percent in January, compared to December last year.

Read the full story at Seafood Source

Working group of nations go after China’s flags of convenience

October 22, 2020 — Fisheries officials from the European Union, South Korea, Taiwan, Thailand, and the United States have met to discuss cooperation on limiting the use of flags of convenience by distant-water fishery companies involved in illegal fishing.

The online meeting, which took place 15 October, follows a report by the advocacy group Environmental Justice Foundation criticizing the process whereby fishing companies buy flags from flag states, which are then unwilling or unable to monitor the activity of problem trawlers. The report, “Off the Hook: How Flags of Convenience Let Illegal Fishing Go Unpunished,” details the damage that flags of convenience cause to fisheries and how they are used to conduct illegal fishing. In the report, EJF calls for sanctions to end the practice and more transparency surrounding the registration of fishing vessels.

Read the full story at Seafood Source

Coronavirus forces Red Lobster to explore rent easements, refinancing options

August 26, 2020 — Thai Union is looking at refinancing Red Lobster’s loans, reduced rent from landlords, and potentially closing some locations after the restaurant chain posted a USD 18.4 million (THB 579 million, EUR 15.6 million) loss in the fourth quarter.

The record losses were caused by having to close down all 600 dining rooms for a period of time, Thai Union Chief Financial Officer Joerg Ayrle said on an investor conference call.

Read the full story at Seafood Source

Labor unions emerge as voice for migrant fishermen in Southeast Asia

April 21, 2020 — Despite legal and corporate barriers, trade unions are starting to give migrant seafood workers a greater voice in Thailand and across Southeast Asia – enabling them to combat the subpar working conditions that persist on fishing vessels and in seafood processing facilities.

Organizing hasn’t been easy, according to a new report published by the International Labor Rights Forum (ILRF), an advocacy organization. The migrant workers that fill most of the low-wage, low-skill jobs in the Thai seafood industry are legally barred from forming labor unions in Thailand.

Read the full story at Seafood Source