The Spanish Supreme Court (SP) has ruled against the appeal of one of the country’s leading tuna corporations, Grupo Calvo, in a dispute involving default interests on VAT tuna imports from El...
Trade
Was Lischweski’s Sentence Fair, What Do You Think?
After a jury found him guilty of fixing canned tuna prices, Chris Lischewski, the former CEO of Bumble Bee, heard on June 16 his sentence, which consists of 40 months in prison and a USD...
Ecuador Unable To Challenge Asian Dominance In US Canned Tuna Market
As the second-largest exporter of canned tuna in the world, Ecuador's annual deliveries to the US are surprisingly insignificant. As a matter of fact, for the past three years it represented...
Douglas Hines’ AFT Holdings Cuts Ties With FCF
Nearly three months after Greenpeace came out with its report asking Taiwanese trader, FCF, to assure American consumers that its products are IUU-fishing free, AFT Holdings has decided to...
Thai Union’s Niruttinanon Family Member Named As Israeli Cannabis Investor
A member of the Niruttinanon family, which partly owns Thai Union, has been named as a new investor in the Israeli medical cannabis company, Better Holdings, which is incorporated as Cann...
Court Denies Big 3 Request To Temporarily Pause Price-Fixing Suit
The US Big Three's petition to pause the procedures related to the civil multi-district price-fixing suit that is currently ongoing was denied by the Ninth Circuit court on June 15. Last...
Lischewski Insists On Innocence In Letter
Former CEO of Bumble Bee, Chris Lischewski, is definitely going to be serving time even though his lead counsel announced in court during the sentencing that they will be appealing. But on the...
Tug-Of-War In Bangkok Keeps Skipjack Price Level
The mood for the Bangkok skipjack market seems to be changing from the low outlook and there is every indication that it is looking up. This is due to the currently ongoing tug-of-war over the...
Indonesian Tuna Retail Supplier Thriving While Others Shut Down
The Indonesian tuna and seafood industry has been extremely hard hit by the COVID-19 pandemic, just like in many other countries worldwide. Closed plants and low demand are where the situation...
Lischewski Gets 3 Years Prison Term For Price-Fixing
A federal judge in California has sentenced the former CEO of Bumble Bee, Chris Lischewski, to 40 months in prison and ordered him to pay a fine of USD 100,000. This amount is to be settled...
Could Monsoon Season Drive Seychelles Price Up?
The unclear worldwide market situation for skipjack has influenced the Seychelles price as it is following the downward trend in Bangkok of the last weeks. On top of that, the tuna catches are...
Philippines’ Export Growth Leans Heavily On German Market
The tonnage of canned tuna that the Philippines shipped to the EU has been steadily increasing. As a matter of fact, in 2019, local processors sold the highest volume of the last five years,...
Lischewski Does Not Want Prosecutors To Make Spectacle At Sentencing
In a final plea to the court, the former CEO of Bumble Bee, Chris Lischewski, has asked a Californian federal judge to not let his final sentence hearing, which will be held today, devolve...
John West Appoints New UK & EU Managing Director
The Thai Union-owned brand, John West, has appointed a new UK and Europe Managing Director, Paul Stephenson. He previously worked for over 20 years with the Mars retail group, mainly in pet...
Thai Union Share Re-Purchases At Historic Low Price
On June 15, Thai Union repurchased 2,100,000 of its shares at a total amount of THB 25.28 million (USD 813,314), which equals 0.044 percent of the paid-up capital. Thai Union got a ‘bargain’...
Seychelles Wants 3-Year Contribution Discount From IOTC Due To COVID-19
Seychelles, one of the richest African countries and a vital player in the Indian Ocean tuna industry, has asked the IOTC to forego half of the nation's annual contribution to the RFMO, citing...
Greece’s Growing Demand For Thai Tuna
The market for canned tuna imports in Greece took a big jump in 2019 and positioned itself at the highest point in the last five years. This resulted from a boost in the demand for Thai...
Can EU Processors Survive Without ATQ Chinese Pre-Cooked Loins?
Most autonomous EU tariff quotas (ATQs) within the economic bloc are only valid until the end of this year. Soon, the European Council will have to agree on a new regulation for the period...
SKJ1.8:BKK Under Pressure In Unclear Market
Due to the coronavirus situation, it has been unusually difficult to attain reliable skipjack price and market information from sources these past few weeks. But the latest word out of the...
New China International Tuna Exchange Center Opens In Shanghai
In order to enrich China's marine industry, the China International Tuna Exchange has opened its doors in Shanghai. It is located at the Hengsha Fishing Port of Changxing Island in the Chinese...