Fiji Time: 10:55 AM on Monday 27 March

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 0.65130.6323
JPY 54.705951.7059
GBP 0.38890.3809
EUR 0.44950.4375
NZD 0.70040.6674
AUD 0.64260.6176
USD 0.48960.4726

from

$0.00

Exchange Rate updated on 27th, March, 2017

Today's Most Read Stories

  1. Explicit photos online
  2. Poll plays on the cards
  3. Woman ordered to take her dog for medical attention
  4. Family hopes to raise $60,000
  5. Pope receives TC Winston memento
  6. State told to improve work time
  7. Flotsam AND JETSAM
  8. Ministry approves budget
  9. WAF implements and enforces trade waste policy
  10. Wet weather leads to logging suspension

Top Stories this Week

  1. Shock after brutal attack Tuesday (21 Mar)
  2. Siblings perish Sunday (26 Mar)
  3. Students sent home Tuesday (21 Mar)
  4. Man rapes wife, jailed Tuesday (21 Mar)
  5. 7s star told don't reoffend Friday (24 Mar)
  6. Landowners demand $20m compensation from State Thursday (23 Mar)
  7. Concerns over explicit online pictures Tuesday (21 Mar)
  8. RKS retains Tailevu Zone title Wednesday (22 Mar)
  9. 'Sims' the star barber Sunday (26 Mar)
  10. QVS blue ribbon king to miss Coke Games Wednesday (22 Mar)