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...
Tuna Processing News
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...
Corned Tuna Wins Gold “Trusted Brand” Award
Filipino-based canned tuna brand San Marino appears to have won the trust of the nation’s consumers, as its corned tuna product has been awarded Gold in the Readers’ Digest Trusted Brand...
TUF Stock Drops Further On Price Fixing News
Thai Union’s stock (TUF:TB) on the recent price fixing news has experienced another further heavy drop in its value. In just one day, TUF shares fell nearly six percent in price, slipping to...
US Big Three Accused Of Price Fixing
A wholesaler has filed a federal complaint claiming that the “oligopolistic structure” of the US’s top packed-seafood companies, Bumble Bee, StarKist and Chicken of the Sea, has allowed them...
TUF Shares Struggling to Recover After Sharp Fall
Listed shares in Thai Union (TUF:TB) are still struggling to pick up pace after the Department of Justice (DOJ) issued a subpoena to the company just two weeks ago. At the current level of THB...
Exploding ALBO Canned Inventory Fuels Fire
More than 200 people were evacuated in an industrial area of Vigo yesterday after a building set to be turned into a tuna cannery caught fire. It stopped the production at the ALBO tuna plant....
Losses Make Processor Look To Delist From Stock Exchange
Calling an impromptu shareholders meeting, Lumar Natural Seafood is hoping for approval on its proposal to be delisted from Spain’s Alternative Investment Market (Mercado Alternativo Bursátil...
Nationwide Compensation By StarKist Under Negotiation
Top US canned tuna brand, StarKist, may be forced to pay out to claimants as early as September, in a dispute over under-filling cans at below federal minimums. Customers could learn by late...
Spanish And Vietnamese Tuna Exporters Join ISSF
Taking the total to 28, the International Seafood Sustainability Foundation (ISSF) has added two more tuna firms to its list of participating companies. Spain based Atunlo, described on its...
What Does “Chunk Light” Stand For?
Calls For Clarification From FDA The health and conservation concerns of using ambiguous names for seafood sold in the United States have been brought to light recently by Oceana, which is...
Postponement Of TUF Share Sale Worries Market
Analyst expectations that the Thai Union PPO postponement will negatively impact the firm in the short term are reflected in the movement of the stock, as the global leader in canned tuna...
Spanish Industry To Review The Global Tuna Sector At Vigo Conference
The VII Tuna Conference in Vigo 2015 will soon be taking place on the 7th and 8th of September and promises to be an event for the global tuna industry. Organized by ANFACO-CECOPESCA, the...
Kroger Apologizes For Inaccuracy On “ISSF Certification”
After reaching out to its consumers on the basis that its canned tuna private label is “ISSF certified”, making it the “best of the best”, Kroger has apologized for its “inaccurate...
On Subpoena – Thai Union Stock Drops Sharply
In the midst of an anti-trust investigation of the US canned seafood industry, Thai Union Frozen Products has announced that its US holding company, which operates under the brand Chicken of...
