PNG:Tuna plant reopening to create thousand of jobs

PNG:Tuna plant reopening to create thousand of jobs

04 March 2025 ~ Published in INFOFISH MEMBER COUNTRIES. Read 347 times.

Print Email

Fisheries and Marine Resources Minister Jelta Wong announced that Majestic Tuna Corporation will reopen its tuna processing plant in Malahang, Lae, Morobe, by the end of the year. The plant, which has been closed since June 2023, will create over 1,000 jobs and offer new opportunities for local businesses. Wong thanked the company’s shareholders, FCF Co Ltd and Frabelle (PNG) Ltd, for their commitment to resuming operations.

This announcement follows a two-day tuna investor consultation in Singapore, which resulted in a realignment of RD Tuna Canners' operations with support from Dongwon Industries, Tri-Marine International, and FCF Co Ltd. This collaboration is aimed at strengthening RD Tuna Canners’ position in Papua New Guinea's (PNG) tuna processing sector. Wong highlighted the government's efforts to make PNG a top destination for foreign direct investment in tuna fisheries and to improve fisheries policies.

PNG, which already has six processing plants and a combined processing capacity of over 1,000 metric tonnes daily, saw a 34% increase in tuna production from 79,209 metric tonnes in 2023 to 119,232 metric tonnes in 2024, despite the Majestic Tuna closure. Wong expressed confidence that further foreign investment will continue flowing into the sector, with ongoing efforts to ensure sustainable growth. He also noted the establishment of Fisheries Capital Limited (FCL), a sector-based State-Owned Enterprise (SOE) to support joint ventures and address industry inefficiencies. Additionally, PNG is collaborating with Pacific nations on the East New Britain Initiative (ENBi) to improve tuna fisheries development across the region.

Source: The Sun

More in this category: « Malaysia: Government to roll out facial recognition system for fishermen to buy subsidised diesel MALDIVES: Advisory committees to manage 5 fisheries sectors to be formed »

©2024 - 2025 INFOFISH. ALL RIGHTS RESERVED. DESIGNED BY INFOFISH

Introduction

These Website Standard Terms and Conditions written on this webpage shall manage your use of this website. These Terms will be applied fully and affect to your use of this Website. By using this Website, you agreed to accept all terms and conditions written in here. You must not use this Website if you disagree with any of these Website Standard Terms and Conditions.

Minors or people below 18 years old are not allowed to use this Website.

Intellectual Property Rights

Other than the content you own, under these Terms, Buckle LLC and/or its licensors own all the intellectual property rights and materials contained in this Website.

You are granted limited license only for purposes of viewing the material contained on this Website.

Restrictions

You are specifically restricted from all of the following

publishing any Website material in any other media;
selling, sublicensing and/or otherwise commercializing any Website material;
publicly performing and/or showing any Website material;
using this Website in any way that is or may be damaging to this Website;
using this Website in any way that impacts user access to this Website;
using this Website contrary to applicable laws and regulations, or in any way may cause harm to the Website, or to any person or business entity;
engaging in any data mining, data harvesting, data extracting or any other similar activity in relation to this Website;
using this Website to engage in any advertising or marketing.

Certain areas of this Website are restricted from being access by you and Buckle LLC may further restrict access by you to any areas of this Website, at any time, in absolute discretion. Any user ID and password you may have for this Website are confidential and you must maintain confidentiality as well.

Your Content

In these Website Standard Terms and Conditions, “Your Content” shall mean any audio, video text, images or other material you choose to display on this Website. By displaying Your Content, you grant Buckle LLC a non-exclusive, worldwide irrevocable, sub licensable license to use, reproduce, adapt, publish, translate and distribute it in any and all media.

Your Content must be your own and must not be invading any third-party’s rights. Buckle LLC reserves the right to remove any of Your Content from this Website at any time without notice.

No warranties

This Website is provided “as is,” with all faults, and Buckle LLC express no representations or warranties, of any kind related to this Website or the materials contained on this Website. Also, nothing contained on this Website shall be interpreted as advising you.

Limitation of liability

In no event shall Buckle LLC, nor any of its officers, directors and employees, shall be held liable for anything arising out of or in any way connected with your use of this website whether such liability is under contract. Buckle LLC, including its officers, directors and employees shall not be held liable for any indirect, consequential or special liability arising out of or in any way related to your use of this Website.

Indemnification

You hereby indemnify to the fullest extent Buckle LLC from and against any and/or all liabilities, costs, demands, causes of action, damages and expenses arising in any way related to your breach of any of the provisions of these Terms.

Severability

If any provision of these Terms is found to be invalid under any applicable law, such provisions shall be deleted without affecting the remaining provisions herein.

Variation of Terms

Buckle LLC is permitted to revise these Terms at any time as it sees fit, and by using this Website you are expected to review these Terms on a regular basis.

Assignment

The Buckle LLC is allowed to assign, transfer, and subcontract its rights and/or obligations under these Terms without any notification. However, you are not allowed to assign, transfer, or subcontract any of your rights and/or obligations under these Terms.

Entire Agreement

These Terms constitute the entire agreement between Buckle LLC and you in relation to your use of this Website, and supersede all prior agreements and understandings.

Governing Law & Jurisdiction

These Terms will be governed by and interpreted in accordance with the laws of the State of New York, and you submit to the non-exclusive jurisdiction of the state and federal courts located in New York for the resolution of any disputes.