Tag Archives: selling boats
San Diego-based tuna company selling boats, blames U.S. regulations
A large San Diego-based tuna fishing operation, responsible for a sizable chunk of the tuna eaten by U.S. consumers, says it is slashing the size of its fleet by more than half. South Pacific Tuna Corp. says it is selling eight of its 14 boats to foreign companies, eliminating more than 200 jobs, because of stifling U.S. regulations that it says make it difficult to earn a profit..,, The sale of the boats would mean a reduction of 70,000 tons of tuna from a U.S. company, meaning more Americans would be eating tuna caught by foreign operators, who are often criticized for poor labor practices. >click to read< 10:31
