AGP Executive Report
Last update: 8 hours agoFuel Shock for Tuna: A Pacific fisheries adviser says the biggest disruptor to tuna supply chains isn’t IUU or climate—it’s fuel. Singapore bunker fuel jumped from about US$709/ton (end-Feb) to US$1,630/ton (10 April), and fuel can take 40–65% of vessel operating costs, so Red Sea-style disruptions hit fast. PNG Energy Policy: PNG CORE says government fuel-subsidy steps are shielding consumers from rising prices. Gas Momentum: Kumul Petroleum flagged a push to develop smaller gas discoveries, while Kumul Petroleum also set a May 19 board handover. Mining Cashflow: K92 Mining posted record Q1 2026 results as Kainantu expansion progresses. Oceans & Fisheries: PNG moved to protect a Western Manus “no-take” marine area, and PNG plus the Philippines signed fisheries cooperation deals at the Melanesian Oceans Summit. Business Links: Westpac PNG CEO Andrew Cairns was appointed President of the Australia–PNG Business Council. Local Culture: Sprigga Mek reflected on winning PNG HipHop Album of the Year in 2023.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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