Lumar Natural Seafood’s impromptu shareholders’ meeting has resulted in the company gaining approval to be delisted from Spain’s Alternative Investment Market (Mercado Alternativo Bursátil...
Processing
The “Fake Tuna” That’s Disrupting The Market
There’s a "fake tuna" that has started severely disrupting the US food service canned tuna market, and American imports of it are rocketing. According to sources who stressed that they wish to...
TUF To Invest 10’s Of Millions In Middle East J/V
Often not getting the attention it deserved from the world’s largest tuna industry players, the Middle East’s potential appears to have been recognized by Thai Union, as the firm shakes hands...
GenSan Tuna Festival Kicks Off This Week
Dubbed the “Tuna Capital of the Philippines”, General Santos City is one of the largest production and export centers of tuna in the world, and each year in September, the city celebrates its...
Temporary Shut Down Of Seychelles IOT Cannery
A large water tank at one of the world’s biggest tuna canneries has burst, causing all tuna processing operations within the Seychelles factory to be temporarily shut down, as well as major...
Dongwon Shares Surge While StarKist’s Under Scrutiny
A recent string of cases putting StarKist in the spotlight doesn’t seem to have knocked any confidence out of investors in the brand’s listed parent company, as stock value surges. As StarKist...
Will US Govt. Subsidize Tuna Workers Wages?
A local minimum wage hike in American Samoa is due in September this year, rising USD 0.50 per hour from previous levels. Earlier plans of the move had caused concern from companies owning...
Could Price-Fixing Claims Reach $100 Million In Damages?
With the complaints stacking up each day, the threat of potentially huge financial damages to the Big Three is rising. The most recent price-fixing lawsuit against the three US tuna brands...
TunaLawSuit.Com For Consumers To File Claims
Two and half years after a class action lawsuit was filed against StarKist, the case has finally been settled, and consumers are called on to come forward with their claims. To this date,...
Frinsa Boasts Record Profit
As an example of the Spanish economy pulling itself out of a seven year crisis, canned tuna producer, Frinsa, has shown an excellent performance in recent years, and boasts a healthy 2014...
Cannery Closures Leave Hundreds Jobless
Nearly 1,000 workers have at least temporarily lost their jobs, as small tuna canneries in Venezuela lose their fight, and halt operations for the foreseeable future. With facilities...
US Big 3 Face Second Price-Fixing Lawsuit
After a first federal complaint was filed early this month, the US big three tuna brands have been hit again, faced with a second allegation of price-fixing. Wholesaler Pitco Foods, based in...
Will TUF Sell Off Chicken Of The Sea To Get Bumble Bee?
It has been a week of speculation regarding Thai Union’s Bumble Bee purchase, and the tuna industry remains curious as the saga continues. To gain an industry perspective, atuna.com would like...
Will The Mermaid Get A New Or Second Partner?
With TUF indicating that a part Chicken of the Sea (COS) sell-off may be the route it takes to help facilitate its planned purchase of Bumble Bee (BB), many in the industry are left curious...
Calvo: We Don’t Have To Pay Anything
Despite reports that Grupo Calvo is subject to a fine of more than USD 3 million related to irregularities in tax payments, company representatives explained to atuna.com that this is a “minor...
New Japanese Tuna Cannery In Vietnam
Nearly a year after plans were initiated, Japanese wholesaler, Hokugan Co. Ltd, has been granted permission to build a new tuna processing plant on Vietnam’s East Coast to produce products for...
TUF Exceeds Expectations With Q2 Profit
Despite posting a YoY drop in its second quarter profit, Thai Union has confidently exceeded analyst expectations. TUF posted a Q2 net profit of THB 1.41 billion (USD 40.08 million), smashing...
Phil Canned Tuna Exports Nearly Double
Dramatic export climbs saw the Philippines’ global canned tuna shipments surge a massive 98 percent last year, shooting up to more than 58,500 tons of finished product. And this is only...
Bumble Bee Pays Out Millions Over Tuna Retort Death
Setting a milestone in the Californian criminal prosecution system, Bumble Bee Foods will pay out USD 6 million for “willfully violating worker safety rules”, according to the LA County...
Minority Shareholders Block Alliance Offering
Alliance’s plan to ramp up USD 22 million in fresh funds has been pushed off course, after minority shareholders filed a letter of complaint to block proceedings. With just days to go until...