Fishing Group Sanford it quitting tuna fishing in the South Pacific blaming high costs and low returns.

SanNanumeaFishing group Sanford will quit its underperforming Pacific tuna business and put the unit’s fleet up for sale. The Auckland-based company has sold its San Nanumea vessel and is in talks with a potential buyer of San Nikunau, its other Pacific tuna ship, after reviewing the viability of the business, Sanford said. On April 9, it entered into a conditional agreement to sell both international purse seiner vessels, according to Sanford’s interim report released in June. Sanford sold one of its international purse seiners last year,,, Read the rest here 16:58