Fiji Time: 11:50 PM on Saturday 28 May

Fiji Times Logo

/ Front page / News

Fishing company remains positive

Dawn Gibson
Monday, February 03, 2014

FISHING company Hangton Pacific Company Limited remains positive about Fiji's struggling tuna industry.

According to general manager Jitendra Mohan, fishing companies are operating at a loss.

"It's a fact, every fishing company is operating at a loss today, but Hangton's past practice and stringent management measures are helping us ride these difficult times because our bankers have confidence in us," Mr Mohan said.

"The situation's tough but we have to find tangible solutions."

He said as a company, they did not rely completely on tuna fishing and, therefore, were trying to maintain a positive outlook.

"We don't rely 100 per cent on fishing alone, and while some vessels are good some in deficit, but overall the company, we are in positive.

"The current situation is beyond anyone's control, the industry is facing a natural phenomenon, we just have to wait and wait."

Mr Mohan said while it was normal practice for them to tie up some of their vessels at around this time of the year, this year had proven to be the worst.

"Very hard to predict what's going to happen come late March or early April when we expect the catch to improve."

Earlier this month, tuna fishing companies — Fiji Fish Marketing Group and Solander Pacific Limited — laid off workers as a result of the tuna dilemma.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.61880.5998
JPY 52.941849.9418
GBP 0.32410.3161
EUR 0.42560.4136
NZD 0.71310.6801
AUD 0.66260.6376
USD 0.47860.4616

from

$0.00

Exchange Rate updated on 27th May 2016

Today's Most Read Stories

  1. 13 for Rio
  2. Manslaughter earns Lali 3 months, 21 days in prison
  3. Man jailed for raping cousin
  4. Police to beef up security at Bati ni Tanoa show
  5. Farmer walks
  6. 10 years for rapist
  7. Fiji Times Online most powerful
  8. FRA: Lack of compliance
  9. Best improved cadet
  10. TIV Sangam AGM called off amid chaos

Top Stories this Week

  1. Son crushed to death, parents seek answers Tuesday (24 May)
  2. Tears of joy for Jerry's family Thursday (26 May)
  3. Ryan gutted Tuesday (24 May)
  4. Hayne, Ryan miss out Wednesday (25 May)
  5. Hayne's Rio barrier Monday (23 May)
  6. Family, friends bid farewell to navy officer Sunday (22 May)
  7. Families live in fear Friday (27 May)
  8. Life of sacrifice Sunday (22 May)
  9. Remains of missionary receives a proper burial 200 years later Friday (27 May)
  10. 7s fans disappointed Thursday (26 May)