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)...
Tuna Trade News
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...
Greek Imports Show Upward Trend
Imports of canned tuna destined to Greece are slowly recovering after a massive fall in 2017. During the first half of the year (H1), orders by Greek buyers showed a small increase of...
Former Chicken Of The Sea Executives Implicate Lischewski
Two former Chicken of the Sea top executives took the stand in a federal court in Northern California to give their testimonies regarding price-fixing canned tuna in the...
FCF In Bidding Talks With Bumble Bee
In the latest shocking news in the Bumble Bee saga, Taiwan-based FCF Fishery has entered into talks with Bumble Bee Foods to buy the tuna company during...
Jealsa Manufactured Over 1 Billion Cans In 2018
The Spanish canned seafood company, Jealsa, manufactured over 1 billion cans in 2018, which represents a turnover of EUR 639 million. The business owns canned tuna...
Who Could Be Interested To Buy Bumble Bee?
The announcement that Bumble Bee is filing for Chapter 11 opens speculations on who will be interested in buying the troubled company. Given the recent events involving the tuna...
Ex-CEO Of COSI Testifies About His Cooperation With Lischewski
The former CEO of Chicken of the Sea International (COSI) and a key witness for the US government on the canned tuna price-fixing conspiracy spoke out in federal court...
Manta’s Skipjack Holds Firm In Depressed Market
Boat owners in Manta fearing that the skipjack price might drop close to Bangkok levels can now sigh in relief. The price for a M/T of skipjack in the South...
Thai Union Launches New SEALECT Tuna Fitt
Thai Union has launched a new line of canned tuna in Thailand to attract health-conscious consumers -- the SEALECT Tuna Fitt. According to the company, these...
Club Can Format A Barrier For Foreign Exporters
The demand for imported canned tuna in Portugal during the first half of the year (H1) has remained more or less stable compared to the same period in the last couple of years....
Spanish Calvo Honored With Best Responsible Practice Award
Grupo Calvo’s Responsible Commitment Objectives received the ninth prize for Best Responsible Practice Awards by the Club of Excellence in Sustainability. The tuna company has defined 17...
II International Tuna Congress Being Held Today In Peru
Today, Peru's public and private tuna sectors will gather in Lima for the II International Tuna Congress, which aims to discuss the current state of the industry in the country and...
BREAKING NEWS: Bankruptcy Bumble Bee Expected Within Days
Bumble Bee Foods, US's largest seafood company is preparing to file for Chapter 11 bankruptcy protection within days and put itself on the market for sale, reported the Wall Street...