Majuro — The CEO of the Parties to the Nauru Agreement (PNA) recognized Papua New Guinea’s National Fisheries Authority for conducting a successful public tender of fishing days for 2015.
“The tender is allowing Papua New Guinea to maximize the value of the fishing days it is allotted under PNA’s vessel day scheme,” said PNA CEO Dr. Transform Aqorau on Monday. “By putting fishing days out for public tender, the National Fisheries Authority allowed the industry to put a value on fishing.”

Tuna Market Intelligence is an independent publication, sponsored by the Parties to the Nauru Agreement (PNA) to unearth industry and market information from Pacific Island reporters and analysts. Reprint in the media from the PNA countries is free. All other reprints must be authorized. Contact us on tmi@pnatuna.com or see more on www.pnatuna.com/Tuna-Market-Intelligence

The PNA Vessel Day Scheme (VDS) sets an overall Total Allowable Effort (TAE) limit on the number of days fishing vessels can be licensed to fish in PNA Exclusive Economic Zones (EEZs) per year. Each country is allocated a share of the TAE for use in its zone each year. These VDS days can be traded between countries in cases where a country has used up all its days while another has spare days.

The TAE Advisory link below shows information on the current PNA Purse Seine (PS) VDS TAE. A link is also provided for previous TAE decisions and advisories.

Suva, Fiji (August 20, 2014) — A group of senior Pacific island journalists was briefed on tuna industry developments during a two-day workshop that concluded Tuesday in Suva, Fiji.

Jointly sponsored by the Parties to the Nauru Agreement (PNA) and the Pew Charitable Trusts, the workshop featured talks from tuna industry representatives, fisheries managers and eco-label officials who monitor sustainability standards in the PNA’s skipjack tuna fishery.

Majuro August 18, 2014 — A newly released stock assessment that shows bigeye tuna is being over-fished underlines why the Western and Central Pacific Fisheries Commission (WCPFC) must take decisive action at its December annual meeting to reduce further reductions in bigeye mortality.

    Majuro, Marshall Islands: Ministers from the eight members of the Parties to the Nauru Agreement (PNA) agreed Friday June 13 to far-reaching decisions that will increase their nations’ economic benefits from the tuna fishery, while expanding management and conservation measures over tuna stocks.

   The Ninth Meeting of PNA Ministers meeting in Majuro June 12-13, 2014 agreed to raise the fishing day fee from the current benchmark of US$6,000 to US$8,000 starting January 1, 2015.

  Majuro — Prices for skipjack tuna on the world market have plummeted since hitting an all-time record high of US$2,350 per metric ton in mid-2013, and now hover in the US$1,200 per metric ton range.

   The Parties to the Nauru Agreement (PNA) see skipjack prices beginning to rebound over the next few months because PNA members have agreed to reduce the number of fishing days available to the industry, and the current over-supply of fish on the market that is keeping prices low is expected to end in the near future.

   Majuro (Feb. 26, 2014) The United States government and its purse seine fishing industry have tripled what they are paying for fishing rights in waters of the Parties to the Nauru Agreement (PNA). The PNA’s “vessel day scheme” (VDS) now enforces a minimum payment of US$6,000 per fishing day, providing ever-greater financial benefits to island members. And at the end of 2013, PNA began successfully marketing internationally certified sustainably caught skipjack in Europe, generating a premium price for the product.

Majuro (Feb. 26, 2014) The United States government and its purse seine fishing industry have tripled what they are paying for fishing rights in waters of the Parties to the Nauru Agreement (PNA). The PNA’s “vessel day scheme” (VDS) now enforces a minimum payment of US$6,000 per fishing day, providing ever-greater financial benefits to island members. And at the end of 2013, PNA began successfully marketing internationally certified sustainably caught skipjack in Europe, generating a premium price for the product.

   The United States government and its purse seine fishing industry have tripled what they are paying for fishing rights in waters of the Parties to the Nauru Agreement (PNA). THE PNA’s “vessel day scheme” (VDS) now enforces a minimum payment of US$6,000 per fishing day, providing ever-greater financial benefits to island members. And at the end of 2013, PNA began successfully marketing internationally certified sustainably caught skipjack in Europe, generating a premium price for the product.