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...
Trade
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...
Atuna Poll: FCF To Become New Bumble Bee Owner?
In the midst of Bumble Bee’s bankruptcy filing, the question of who will be the next owner of the company is on everyone’s mind. FCF Co. Ltd., the tuna giant’s dominant...
Readers: Ecuador’s Export Will Not Suffer From EU Yellow Card
Most Atuna readers have no fear that the EU yellow card will affect Ecuador’s duty-free export to the economic bloc in 2020. They assume that Ecuador will take the necessary measures...
Lischewski Ignored Board’s Letter On Antitrust Violations
Despite objections from defense counsel, public prosecutors for the US government hammered Chris Lischewski when he took the witness stand yesterday. The former CEO of Bumble...
Thai Union’s Seychelles’ Plant H1 Shipments To EU Falling
The exports of the sole tuna cannery plant in Seychelles during the first half of the year (H1) declined further, following the trend of the last two years. The Thai...
Bumble Bee Lenders Financing Chapter 11 Trip
In order to guarantee that Bumble Bee can keep its operations running while taking the Chapter 11 route, its prepetition lenders have given significant debtor-in-possession (DIP)...
The Extreme Importance Of FCF For Bumble Bee
Not only is the survival of Bumble Bee crucial for Fong Chu Formosa (FCF), even more critical is the extreme importance of the Taiwanese boat-owners cooperation – today's world's largest...
Lischewski: “I Had No Idea” About Price-Fixing
Chris Lischewski, former CEO of Bumble Bee, took to the witness stand on Friday and confidently stated that he did not participate in the canned tuna price-fixing conspiracy and he did not...
Why Bumble Bee’s Survival Is Crucial For FCF
The stalking-horse bid for Bumble Bee’s assets by Fong Chu Formosa (FCF) is no surprise because it is crucial for the Taiwanese tuna supplier's own survival. FCF is a cooperation of...
Defense Argues Acquittal For Defendant In Mozambique Fraud Trial
Defense counsel downplayed the role of his client, Jean Boustani, a key salesman for Privinvest, in the Mozambique USD 2 billion scandal that has rocked the African...
Chinese CNFC Stock Price Falls Despite Better Q3
The good Q3 numbers of Chinese tuna vessel operator CNFC Overseas Fisheries (CNFC) have not resulted in better stock performance. Initially, during October, its share price...
Bangkok Skipjack Price Bottoming Out?
Is the benchmark Bangkok skipjack market at last bottoming out and picking up? As it stands, there is still a really low demand while the supply of raw material to the region remains high. But...
Petit Navire Promises Tender Tuna Chunks
French brand Petit Navire’s Salade à la Mexicaine (Mexican Salad) is a bestselling product, boldly claiming it contains tender tuna with the ‘Tendres Morceaux De...