Saving Seafood

Evidence persists of IUU, forced labor in Taiwanese fleet, including on FCF-linked vessels

April 3, 2020 — Greenpeace East Asia is accusing Bumble Bee’s parent company, Taiwan-based Fong Chun Formosa (FCF), of forced labor and environmentally harmful practices aboard at least two vessels linked to the company.

FCF is among the top three tuna traders in the world, and acquired Bumble Bee in January after the American seafood company filed for bankruptcy. The two companies have a long history: Prior to the acquisition, FCF had been supplying Bumble Bee with 95 percent of its albacore and more than 70 percent of its light meat tuna, according to Greenpeace’s examination of court filings.

Read the full story at Seafood Source

Evidence persists of IUU, forced labor in Taiwanese fleet, including on FCF-linked vessels

March 30, 2020 — Greenpeace East Asia is accusing Bumble Bee’s parent company, Taiwan-based Fong Chun Formosa (FCF), of forced labor and environmentally harmful practices aboard at least two vessels linked to the company.

FCF is among the top three tuna traders in the world, and acquired Bumble Bee in January after the American seafood company filed for bankruptcy. The two companies have a long history: Prior to the acquisition, FCF had been supplying Bumble Bee with 95 percent of its albacore and more than 70 percent of its light meat tuna, according to Greenpeace’s examination of court filings.

Read the full story at Seafood Source

Judge approves FCF’s purchase of Bumble Bee Foods

January 24, 2020 — U.S. Bankruptcy Court Judge Laurie Silverstein has approved Fong Chun Formosa (FCF) Fishery Company’s stalking-horse bid for Bumble Bee Foods, giving the Kaohsiung, Taiwan-based tuna supplier ownership and control over the iconic American brand.

In November 2019, FCF entered a stalking-horse bid for Bumble Bee, which had filed for chapter 11 bankruptcy in the U.S. state of Delaware. FCF has long been one of Bumble Bee’s top suppliers of albacore, skipjack, yellowfin, and bigeye tuna.

Read the full story at Seafood Source