During the first nine months of the year (Q3), Thai buyers' demand for whole frozen skipjack sharply decreased in comparison to previous years. The low buying interest for...
Trade
Thai Union Loses One-Third Of Its Market Value
Thai Union shares have been continuously sliding on the Bangkok stock exchange. The Thailand-based seafood company and world's largest canned tuna player saw one-third of its market...
Thai Processors Absorbed Less Raw Material In Q3
The imports of frozen tuna raw material in Thailand continued its decline in the third quarter of 2019 (Q3) and the figures showed an overall depression year-on-year. ...
NFI & ISSF React On Conviction Of Their Ex-Chair Lischewski
Long before a federal jury found Chris Lischewski guilty of price-fixing US canned tuna, he was the Chair of important seafood organizations, specifically NFI and ISSF....
Bangkok Skipjack Holding At Depressed Level
The benchmark Bangkok tuna market SKJK1.8:BKK has temporarily stabilized, sources have said to Atuna. A limited demand from the domestic canning industry, the...
Canned Tuna Imports Regaining Momentum In North Africa
Being part of the increasingly interconnected world, the North African economies have been impacted by the global fluctuations in currencies. The constricted availability of the US dollar...
Ecuador Taking Action Against Yellow Card
Ecuador has already started to take action to rid itself of the EU yellow card for when the progress of the national fishery sector will be analyzed next April or May. One of the main...
Dolphin-Safe Lawsuit Will Stick To Bumble Bee’s Future Owner
A US District Court judge has denied the motion to dismiss the dolphin-safe lawsuit brought against Bumble Bee by a group of US consumers. On the other hand, he paused the...
US Jury Gives Verdict To Boustani In Mozambique Tuna Fraud Case
The USD 2 billion Mozambican tuna fraud trial in the US came to an end after a New York federal jury cleared Privinvest executive, Jean Boustani, of any conspiracy...
Bumble Bee’s Long Creditors List Includes Big Industry Names
After having filed for Chapter 11 a couple of weeks ago, Bumble Bee has now submitted to the US bankruptcy court for the District of Delaware a list of all its creditors....
Federal Jury Deliberating Over Lischewski’s Fate
The fate of Chris Lischewski, ex-CEO of Bumble Bee, is now in the hands of a federal Californian jury, which is currently deliberating after heated closing arguments from the DOJ and defense...
Clover Leaf & Connors Forced To File For Bankruptcy
Bumble Bee’s bankruptcy filing is dragging down its Canadian subsidiaries Clover Leaf and Connors Bros., forcing them to ask for bankruptcy protection. On November 22, the Canadian branch...
Thai Union Secures Fresh Capital From Investors
Within three days, all Thai Union Group PLC’s subordinated perpetual debentures have been subscribed by investors. The subscription opened on November 26 and lasted until November 28. In...
Liberia Launches Tuna Seiner Fleet
Liberia is expanding its tuna industry to the next level by setting up a tuna fleet. The NaFAA has flagged the first two purse seiners of Sovereign Trade Services – a Liberian registered...
SAP Quality Awards Award Jealsa
The Spanish seafood company, Jealsa Rianxeira, was awarded during the SAP Quality Awards 2019 ceremony held in Madrid - for the development of a new program that improves...
How FCF Became The Stalking Horse Bidder For Bumble Bee
Fong Chu Formosa (FCF) is currently the main bidder for the purchase of Bumble Bee since the tuna company filed for insolvency last week. The Taiwanese tuna trading company has...
Chicken Of The Sea Confirms Its Financially Healthy State
In the midst of Bumble Bee bankruptcy filing due to its financial troubles on the fallout from a price-fixing scheme that led to criminal fines and civil lawsuits, the whistleblower on...
Philippines & Korea Boost Their Cooperation On Tuna Fisheries
The Philippines and Korea have signed a Memorandum of Understanding (MoU) on fisheries cooperation. With the agreement, both governments expect that boosting their collaboration will benefit...
Judge Dismisses Mistrial Bid By Lischewski’s Defense
A US federal court judge has dismissed the request by Chris Lischewski’s defense for a mistrial citing prosecutor’s questions about a whistleblower's “Anonymous Letter” during the...
Judge Refuses Symbiotic FCF Critical Vendor Status
On Monday, the court ruled that Bumble Bee can make payments to critical suppliers in order to keep its operations afloat. However, the company’s most important raw material...