Saving Seafood

Indonesia Navy Nabs Cargo Ship Loaded With Slave-Caught Fish

August 13, 2015 — JAKARTA, Indonesia (AP) — A massive refrigerated cargo ship believed to be loaded with slave-caught fish was seized by Indonesia’s navy and brought to shore Thursday, after The Associated Press informed authorities it had entered the country’s waters.

The Thai-owned Silver Sea 2 was located late Wednesday and escorted about 80 miles (130 kilometers) to a naval base in Sabang on the Indonesian archipelago’s northwestern tip, said Col. Sujatmiko, the local naval chief.

The AP used a satellite beacon signal to trace its path from Papua New Guinea waters, where it was also being sought, into neighboring Indonesia. The navy then spent a week trying to catch it. The ship was close to leaving Indonesian waters by the time it was finally seized.

“I’m so overwhelmed with happiness,” said Fisheries Minister Susi Pudjiastuti, adding it was difficult to find because the boat’s signal had a delay. “It was almost impossible, but we did it.”

The Silver Sea 2 is the same 2,285-ton vessel captured in a high-resolution satellite photo last month in Papua New Guinea showing its hold open and two fishing trawlers tethered to each side, loading fish. Analysts identified the smaller trawlers as among those that fled the remote Indonesian island village of Benjina earlier this year, crewed by enslaved men from poor Southeast Asian countries who are routinely beaten and forced to work nearly nonstop with little or no pay.

Read the full story from the Associated Press at The New York Times 

Former Chicken of the Sea owners are latest foreign investors in US fishing

June 29, 2015 — Indonesian business family the Soetantyos are set to become the latest foreign investors in US fishing and seafood, with the acquisition of Icicle Seafoods.

The Soetantyos, whose former holding company PT Management Trust (Mantrust) owned US shelf stable seafood brand Chicken of the Sea until 1993, were reportedly also involved in the recent sales process of Bumble Bee Foods, sources told Undercurrent News.

Icicle’s impending sale to Indonesian investors the Soetantyos, in a deal expected to complete in August 2015, comes amid a high level of interest in the US fishing sector from foreigners. In April, Swiss-owned fund Bregal Partners’ closed a deal Virginia-based scallop fishing company Peabody Corp., after Undercurrent reported the talks in February.

On May 11, Undercurrent broke Oceana Group’s interest in a deal for Daybrook Fisheries, a US menhaden catching firm. On May 19, Oceana confirmed the $382.3 million deal.

Then, Canada’s Cooke family, who control Cooke Aquaculture, closed a deal for US-based scallop catcher Wanchese Fish Company on June 5. Undercurrent first reported Cooke’s interest in Wanchese, which also controls vessels in Argentina, in November 2014.

Also, Kjell Inge Rokke, the Norwegian billionaire, is also being linked to an investment return to the highly leveraged American Seafoods Group, which he created.

Then, in a revelation that surprised some, Undercurrent reported on June 17 that the Soetantyos were the frontrunner in the sale process of Icicle, after interest from other foreign seafood companies and investors, such as Thai Union Frozen Products, Cooke, Mitsubishi and Marine Harvest.

Read the full story at Undercurrent News