A landmark tri-partite joint venture uniting world-leading pelagic fishing, cold-chain maritime logistics, and Papua New Guinea national equity into an onshore industrial powerhouse.
South Seas Tuna Corporation Limited was specifically incorporated to own and operate the flagship onshore tuna loining venture in Wewak, Papua New Guinea.
As one of the world's largest marine product marketing companies, FCF Fisheries provides extensive purse seine operational management, deep Pacific harvesting experience, global raw material trading, and comprehensive logistics management.
Ensures Papua New Guinea's strategic resource sovereignty, translating raw oceanic wealth into onshore value addition, hundreds of permanent domestic careers, rural development in East Sepik, and substantial foreign exchange generation.
Key institutional and operational milestones that established South Seas Tuna Corporation Limited as a cornerstone of PNG's industrial economy.
High-level strategic development negotiations were formally initiated between SSTC joint-venture partners and the Government of Papua New Guinea to establish an onshore tuna loining facility in Wewak.
The first of the planned fourteen (14) purse seine vessels was formally licensed under the Papua New Guinea and Federated States of Micronesia (FSM) Arrangement, commencing commercial operations for the joint venture.
The formal State Project Agreement was officially signed between SSTC and the Independent State of Papua New Guinea, establishing statutory guarantees, fiscal terms (duty-free & VAT status), and authorizing the 14-vessel attached fleet.
Completion and official commissioning of the 20,000 m² cold storage and processing facility in Wewak, East Sepik Province, marking the operational launch of high-volume export loin production.
Scaling operational line equipment from 100 MT/day to full 200 MT/day infrastructure capacity as off-take volumes expand across North American, European, and Asian markets.
