Fiji Time: 7:52 AM on Saturday 29 April

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 0.65730.6383
JPY 54.283651.2836
GBP 0.37250.3645
EUR 0.44340.4314
NZD 0.70770.6747
AUD 0.64900.6240
USD 0.48450.4675

from

$0.00

Exchange Rate updated on 28th, April, 2017

Today's Most Read Stories

  1. Mystery chests
  2. Biman 'removed'
  3. Call to reopen case
  4. PM turns 63
  5. Uate helps teams
  6. House Speaker assures fairness
  7. Sakaraia Ve charity fight tomorrow at Raiwai
  8. Fiji holds talks to secure 'safe haven'
  9. RBF 'bore cost of special $7 note, 50c coin'
  10. College to offer care course

Top Stories this Week

  1. Salaries reduced Thursday (27 Apr)
  2. Mystery chests Friday (28 Apr)
  3. Luveni: Drug shortage not urgent Tuesday (25 Apr)
  4. Nominate while you can Saturday (22 Apr)
  5. PM upsets church Tuesday (25 Apr)
  6. Another version of history A tribute to the contribution of Fiji Nepalis Sunday (23 Apr)
  7. Villagers defy State sacking Thursday (27 Apr)
  8. Hard work never fails Thursday (27 Apr)
  9. Cokes17: ACS ends purple reign Saturday (22 Apr)
  10. Her dream a reality Tuesday (25 Apr)