Fiji Time: 8:39 AM on Saturday 23 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.

Today's Most Read Stories

  1. Reds lose to Sharks as O'Connor howler spoils chances of comeback
  2. Chiefs down Bulls for Super Rugby bonus-point win
  3. Acts of will
  4. A-G files petition
  5. End of an era
  6. Proposed airport site leased out
  7. Bleak future
  8. Parliament passes Bill
  9. Crusaders, Tahs face crucial clash
  10. Land use concern

Top Stories this Week

  1. USA wins London 7s Monday (18 May)
  2. Heroes of the night Friday (22 May)
  3. Dream run Tuesday (19 May)
  4. Champions Monday (18 May)
  5. Tuwai wins top award Tuesday (19 May)
  6. Payout for team Thursday (21 May)
  7. Top cop foils robbery attempt Friday (22 May)
  8. Ratu Naiqama suspended Friday (22 May)
  9. Behind closed doors Tuesday (19 May)
  10. Probe on officials Wednesday (20 May)