Fiji Time: 2:47 AM on Saturday 24 February

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 0.63650.6175
JPY 54.034951.0349
GBP 0.35780.3498
EUR 0.40640.3944
NZD 0.68820.6552
AUD 0.64140.6164
USD 0.50240.4854

from

$0.00

Exchange Rate updated on 23rd, February, 2018

Today's Most Read Stories

  1. 'I won't stand down'
  2. That fateful night
  3. Same-sex marriage
  4. $10m in six months
  5. Police refuse permit for FTUC's Suva march
  6. Minister's political career up to party
  7. Lawyer joins ATS board
  8. Wheels to boost response
  9. 'Poachers aware of patrols'
  10. Family of herbal healers

Top Stories this Week

  1. Wheels for ex-PMs Thursday (22 Feb)
  2. Long wait Monday (19 Feb)
  3. Police brutality claims Thursday (22 Feb)
  4. Plans to open caves for public viewing Monday (19 Feb)
  5. Tears flow for eleven Wednesday (21 Feb)
  6. Masirewa scores biggest try Monday (19 Feb)
  7. Adi Meretui joins SODELPA camp Monday (19 Feb)
  8. Bitcoin rises above $20,175 Saturday (17 Feb)
  9. Sau's 7s aim Monday (19 Feb)
  10. Indian engineers to assess Fiji's railway network Monday (19 Feb)