Fiji Time: 11:56 PM on Friday 26 August

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 0.63900.6200
JPY 50.424247.4242
GBP 0.37370.3657
EUR 0.43830.4263
NZD 0.68420.6512
AUD 0.65260.6276
USD 0.49640.4794

from

$0.00

Exchange Rate updated on 26th August 2016

Today's Most Read Stories

  1. Wong helps Rawaca get a gold medal
  2. Ryan may return
  3. Kolinisau surprises fans with Macuata dialect
  4. Special gift for national 7s coach
  5. Premature comments
  6. Drums and dholaks greeting for 7s heroes
  7. Medals of honour
  8. Rabuka notes drop in sugar production
  9. Burglar bar tip
  10. UK scholarships for islanders

Top Stories this Week

  1. Ardent fan escorted out of celebrations Sunday (21 Aug)
  2. The woman behind Ryan Saturday (20 Aug)
  3. God — is he dead? Maybe, but not Osea Kolinisau's Sunday (21 Aug)
  4. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  5. Ryan confirms decision to leave Fiji Sunday (21 Aug)
  6. 5.1 magnitude earthquake occurs in Fiji Monday (22 Aug)
  7. Taliga eyes Tokyo Tuesday (23 Aug)
  8. Wong helps Rawaca get a gold medal Friday (26 Aug)
  9. 7s top job Tuesday (23 Aug)
  10. Police escort fan away Monday (22 Aug)