September 18, 2020 — On 31 August, Berkshire Hathaway announced it had acquired slightly more than a five percent stake in each of the five major Japanese general trading companies: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo – all based in Tokyo – through regular purchases on the Tokyo Stock Exchange.
Collectively, the investments have a combined value of USD 6.7 billion (EUR 5.6 billion)
April 26, 2019 — J. Douglas Hines, until recently one of the owners of the fleet operated by the South Pacific Tuna Corporation, said he exited the business because he believes the U.S. tuna-fishing fleet has to “play to a different standard.”
Hines, who has since branched into vegan seafood alternatives, formerly worked as the chief operating officer and board director of canned tuna firm Bumble Bee Foods and held executive positions at Chicken of the Sea and Mitsui before building a fleet of tuna-fishing vessels operating in the Western Pacific Ocean. He sold his ownership stake of the vessels to one of the company’s U.S.-based partners in 2018, but will stay on as executive director and board member with the South Pacific Tuna Company through 2019, he told SeafoodSource.
Hines cited overlapping and unfair standards for the U.S. fleet as the primary reason for his decision last year to sell off his investment in the fleet of 14 purse-seiners, saying current norms in the industry are not sustainable.
“If you look at the oceans, between the pollution and overfishing, they’re a mess,” he said. “The high seas are particularly troublesome – there’s no law there. And you can walk over the ocean on the back of all the Chinese vessels that are out there.”