Saving Seafood

Chicken of the Sea invests over a million in new canning line, high-speed vision system

August 11, 2017 — As part of its latest campaign to invest in its presence in the United States, Chicken of the Sea will be outfitting its Lyons, Georgia U.S.A.-based processing facility with a cutting-edge technological upgrade totaling USD 1.4 million (EUR 1.1 million).

A new, high-speed vision system and canning line will be installed as part of the upgrade, with a completion date set for December 2017. The 200,000-square-foot Georgia facility, which opened back in 2009, employs hundreds of workers who package and can thousands of cases of quality seafood each day – the new technologies in store for the plant will make those employees’ lives easier, and help boost the local economy as well as facility efficiencies, the company said.

Read the full story at Seafood Source

US tuna tie-up causing skipjack prices to firm further for February

February 9, 2016 — Skipjack tuna prices for delivery in February to the Asian tuna hub of Bangkok, Thailand are firming up on the previous month, sources told Undercurrent News.

With the US vessel tie-up continuing, prices for January deliveries firmed somewhat, a trend that is looking set to continue.

A deal has been done at $1,175 per metric ton between a trader and a canner, sources in the US and Asia told Undercurrent.

The large tuna traders, a US-based executive said, are holding out for $1,200/t for the rest of the deals.

“They [the traders] are only offering around half of the usual contract monthly tonnages,” he said. “Canners tell me that $1,300/t or $1,400/t for March is talked of, but I don’t see them able to pay that.”

Read the full story at Undercurrent News

Feds Dive Into Giant Tuna Price-Fixing Case

January 22, 2016 — SAN DIEGO (CN) — An ongoing antitrust case against seafood giants got even bigger as the federal government has intervened in litigation against the likes of Bumble Bee, Tri-Union Seafoods, StarKist, and others.

U.S. District Court Judge Janis Sammartino held a status conference Wednesday in a room filled to the brim with more than 50 lawyers from around the nation, hoping to move the case forward.

The U.S. Department of Justice Antitrust Division filed an unopposed motion to intervene in the lengthy litigation on Jan. 13. The feds are seeking a limited stay of discovery to aid in an ongoing federal grand jury investigation in the Northern District of California, into whether the biggest canned tuna producers violated the Sherman Act by conspiring to fix prices.

  The original class action complaint was filed in San Diego by Olean Wholesale Grocery Cooperative on Aug. 3, 2015. Dozens of lawsuits over price-fixing by the three biggest packed-seafood companies have since trickled into San Diego Federal Court after being transferred from other courts across the nation.

     The three companies control 73 percent of the U.S. market: Bumble Bee, 29 percent; StarKist, 25.3 percent; and Tri-Union, 18.4 percent, according to the complaint.

     Both Bumble Bee and Tri-Union Seafoods, which makes Chicken of the Sea brand shelf-stable tuna, are headquartered in San Diego – once the tuna-fishing capital of the world.

Read the full story at Courthouse News Service