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Travails of a multi-million dollar investor in premium tuna exports
Simon Max Astandoust, a fourth-generation member of the illustrious Astan fishing family, is the founder and CEO of Seamax Ceylon (Pvt) Ltd, a company that set out to bring world-class tuna processing technology to Sri Lanka. With investments running into millions of US dollars, Astandoust’s vision was to transform Sri Lanka into a regional hub for ultra-fresh tuna exports.
However, years of bureaucratic hurdles, government changes, and policy inconsistencies have left his project stalled. In this candid interview, Astandoust shares the legacy of his family business, his hopes for Sri Lanka, and the challenges that threaten to push investors away.
Q: Tell us about the history of your company and the Astan family’s legacy in the fishing industry.
A:The Astan family’s journey in fishing dates back to 1818, beginning with my great-great-grandfather, followed by my great-grandfather, grandfather, father, and now myself and the next generation as well. My son, Sam Astan, who is based in the United States, is continuing the family tradition. I represent the fourth generation of the Astan family in this trade.
Our story began on the Caspian Sea, where my grandfather first ventured into commercial fishing. Later, my father married into a family that was in the caviar business, blending two deep-rooted maritime traditions. Over the centuries, the Astan name has become recognized globally for quality and excellence in the fishing industry.
Q: What motivated you to invest in Sri Lanka?
A:Around 2014, we decided to expand our global operations beyond Europe. Our parent company is based in Spain, so we first moved into Senegal, Mauritania, and Morocco, where tuna resources were abundant.
We then identified Sri Lanka as a strategic location with an excellent reputation for yellowfin tuna. We sent a team here and to the Maldives to study the tuna industry. After careful evaluation, I personally visited Sri Lanka in 2016, and by 2017, we decided to establish a company here, Seamax Ceylon (Pvt) Ltd.
We wanted a factory within a harbour to maintain the freshness of the catch, as moving fish long distances affects quality. I met with government officials, including the Minister, the Secretary to the Ministry, and the Chairman of the Ceylon Fishery Harbours Corporation (CFHC). They welcomed our proposal and were enthusiastic about the technology and investment we planned to bring in around USD 20–25 million.
We were assured of a 15-year lease for a site at the Dickkowita Harbour, but despite written confirmation from the then Chairman, the promised lease has never been granted.
Q: What challenges did you face after that initial agreement?
A:Unfortunately, when we inspected the site, it was far below international standards lacking even basic infrastructure for workers. Since the government had no budget to upgrade it, I personally financed the renovation and modernization of the facility, against the advice of my financial consultants.
Even after completing major improvements, we were told to “go ahead” without the lease being formalized. Then came a change in government, and everything changed — officials, policies, and priorities.
We had to start from scratch, explaining the project all over again to a new set of officials. They too encouraged us to proceed and even asked us to bring in our vessels. We invested further, importing four vessels. Then the COVID-19 pandemic struck, bringing all operations to a halt.
After the pandemic, another issue arose — one of our vessels became entangled in a legal dispute, which dragged on for years, causing significant mental and financial stress.
Q: How have these challenges affected your plans to introduce new technology to Sri Lanka?
A:Our goal was to introduce super-freezing technology — what we call “C Minus 60” or ultra-fresh processing. This process freezes tuna to –60°C within hours of harvest, preserving its natural flavour and texture without using heavy chemical gases like CO2.
This is the gold standard in Japan and other advanced markets, ensuring top-grade tuna that meets the expectations of elite restaurants. Unfortunately, because of the uncertainty surrounding our factory lease, we have been unable to install this technology in Sri Lanka.
The country’s current tuna export methods are outdated — similar to what my great-great-grandfather used over a century ago. Without adopting new methods, Sri Lanka’s tuna exports will continue to be graded B, B+ or C, never achieving A-grade status in global markets.
Q: What has been your experience dealing with different governments in Sri Lanka?
A:Frankly, every time a government changes, we are forced to start over again. It’s exhausting. Under the previous administration, former Minister Douglas Devananda was genuinely interested in modernizing the fishing sector. He understood the importance of new technology and supported our project. The lease was ready for signing — and then the government changed again.
This current administration, I’m sorry to say, seems less informed about the industry and less interested in engaging with investors. Many officials we meet do not understand the technology or the global standards we are working with.
It’s disheartening, because the Maldives has already approached us, offering to host our project there. One of my friends started a similar initiative in Seychelles at the same time I started here, and his investment is now earning millions of dollars. Meanwhile, we are still stuck here waiting for approvals.
Q: Given all these difficulties, what are your plans going forward?
A:I have already invested USD 6–7 million in Sri Lanka, and I continue to pay my staff despite the factory being idle. I’m deeply saddened because I love this country and its people. I truly believe Sri Lanka can become a major global player in premium tuna exports if only there was stability, consistency, and professionalism in government dealings.
If this issue is not resolved soon, I may have no choice but to seek legal recourse. No investor wants to fight legal battles just to get what was promised. Investors seek clarity and continuity, not chaos.
Our ultra-fresh super-freezing technology could revolutionize Sri Lanka’s seafood exports, bringing in millions in foreign exchange. But without the government’s cooperation, that dream remains on hold.
Q: Any final thoughts for Sri Lanka’s policymakers?
A:My message is simple: Sri Lanka has enormous potential, but it must create an environment where investors feel safe and supported. Governments may change, but agreements and commitments should not.
We came here in good faith, bringing in world-class technology, investment, and employment opportunities. All we ask in return is transparency, continuity, and respect for agreements.
By Saman Indrajith ✍️
Opp. lashes out at Justice Minister for disparaging remarks about CLA
By Shamindra Ferdinando
The Joint Opposition yesterday (09) tore into Justice and National Integration Minister Harsha Nanayakkara over some disparaging remarks about the Commonwealth Lawyers Association (CLA) in Parliament on Tuesday (08).
The Convenor of the Opposition grouping, former Law Professor Peiris questioned Minister Nanayakkara’s declaration that the CLA was a private club that granted membership on payments received. Emphasising that the CLA consisted of those in the legal profession in Commonwealth countries, Prof. Peiris told the weekly media briefing at the Flower Road Office of former President Ranil Wickremesinghe that the views expressed by the organisation couldn’t be discarded under any circumstances.
Prof. Peiris dealt with Nanayakkara’s response to the CLA’S concerns about several issues, including the composition of the five-member panel of judges. “How could Minister Nanayakkara dismiss concerns raised by CLA on the basis of the paid-membership of the organisation?” Prof. Peiris asked. If membership became an issue, the government would have to reconsider Sri Lanka’s UN membership, the ex-External Affairs Minister said, pointing out that the country had to make regular payments to retain membership of other UN agencies, as well.
Prof. Peiris said that indefensible attacks on international organisations could cause irreparable damage to the country. Appreciating the CLA’s report on the Supreme Court proceedings on the 01 and 02 September, Prof. Peiris stressed the importance of what he called total transparency in the judicial process. He said that whatever the outcome of a particular legal process, it couldn’t be done behind the backs of the public.
Referring to legal processes regarding the 6th Amendment and 13th Amendment, in 1983 and 1987, respectively, Prof. Peiris said, on both occasions the then Chief Justices Neville Samarakoon and S. Sharvananda constituted benches consisting of all Supreme Court judges.
But, the incumbent CJ Preethi Padman Surasena, in spite of the majority of petitioners demanding all available 13 justices to hear the case, decided to leave out those on the seniority list from second position to fourth position.
The government got offended because the CLA pointed that out for the whole world to take notice, Prof. Peiris said. The former parliamentarian noted that the CJ hadn’t even give a reason for declining the widespread call to involve all available 13 judges. According to him, there had been instances where CJ’s appointed seven justices to hear a particular case. Prof. Peiris cited the 2018 bench of seven judges that heard the petitions against President Maithripala Sirisena over the dissolution of Parliament and a panel constituted in 2023 to hear the 2019 Easter Sunday carnage that claimed the lives of 270 people.
The issue at hand is that the five-member panel of judges hadn’t been selected on the basis of seniority, Prof. Peiris said, once the SC determination was sent and released through the Speaker, they would meticulously examine that to make their position known to the people. Prof. Peiris said that what they really wanted to know was that if seniority hadn’t been the basis for selection what the criterion was.
News
Sri Lanka reiterates its territory won’t be used against India
The Indian Defence Ministry in a statement issued yesterday (09) quoted President Anura Kumara Dissanayake as having assured visiting Defence Minister Rajnath Singh that Sri Lanka would never allow its territory to be used for activities inimical to India’s security interests.
The text of the Indian press release: “Visiting Indian Defence Minister Rajnath Singh called on President Anura Kumara Dissanayake in Colombo on September 09, 2026. The two leaders held substantive discussions on issues covering the entire spectrum of the multi-faceted partnership between the two nations, characterised by traditionally warm relations and mutual trust.
The two sides reaffirmed that as civilisational twins, close neighbours and maritime partners, India and Sri Lanka would continue to work together for their development and welfare of the people while working jointly to ensure the safety, security, peace and prosperity of the region. The senior Indian Minister conveyed greetings on behalf of Prime Minister Narendra Modi and underlined that the citizens of the two countries share deep friendship based on strong historical & civilisational links and people-to-people exchanges.
Extending a warm welcome to Mr. Singh, President Dissanayake recalled his interactions with PM Modi and reiterated that Sri Lanka would never allow its territory to be used for any activities inimical to India’s security interests.
President Dissanayake expressed his gratitude for the relief assistance provided by India as part of Operation Sagar Bandhu during Cyclone Ditwah and the comprehensive rehabilitation package extended by New Delhi to facilitate reconstruction and rehabilitation work across different parts of the island. The powerful Indian Defence Minister emphasised that as a closest friend and neighbour of Sri Lanka, India considered it not a favour, but a responsibility to provide assistance as the first responder and would continue to do so in the future as well.
Both leaders virtually inaugurated three Bailey Bridges constructed by the Indian Defence Forces. The two sides also exchanged MoUs on upgradation of L70 Guns for the Sri Lankan Air Force, and cooperation between National Cadet Corps (NCC) & National Defence Colleges (NDC) of both the countries. The MoU on Upgradation of six L70 guns for the Sri Lankan Air Force falls under a Government of India grant. The upgradation of these air defence guns will significantly strengthen the air defence architecture of critical assets in Sri Lanka. These air defence guns were earlier provided to the Sri Lanka Air Force by India.
The MoU on academic cooperation between NDC, India and NDC, Sri Lanka will facilitate knowledge sharing which will be a significant step in further strengthening the academic bonds between both the sister institutes. The MoU on NCC cooperation will formalise the NCC youth exchange programme between India and Sri Lanka. This exchange programme provides a valuable opportunity for NCC cadets from multiple countries across the world to come to New Delhi every year and participate in NCC events.”
News
UK-led Core Group calls Jaffna mass graves a ‘stark reminder’ but stops short of calling for international accountability
Mass grave excavations in Sri Lanka are a stark reminder that thousands of cases of enforced disappearance remain unresolved, the Sri Lanka Core Group has told the UN Human Rights Council, urging Colombo to translate its stated commitment to reform into concrete progress, while again stopping short of calling for the international accountability that Tamils have long demanded.
The statement, delivered in Geneva, on Tuesday (08), during the Council’s 63rd session by the United Kingdom’s Human Rights Ambassador Eleanor Sanders on behalf of Canada, Malawi, Montenegro, North Macedonia and the UK, welcomed, what it called, the High Commissioner’s balanced assessment of the human rights situation on the island.
The group acknowledged that Sri Lanka had faced considerable challenges recently, including severe weather events and global energy shocks, and welcomed positive developments, including the ratification of the ILO Convention 190 and engagement on the Convention on the Rights of Persons with Disabilities.
“However, much further action is needed to build confidence in accountability and reconciliation efforts,” Sanders said. “Progress in several emblematic cases has not yet been accompanied by a comprehensive,
victim-centred accountability process to address past violations. Mass grave excavations are a stark reminder that thousands of cases of enforced disappearances remain unresolved. And reports of intimidation, harassment, and restrictions affecting civil society, journalists and victims’ groups, including in the North and East, still raise concerns.”
The group urged progress on democratic governance, including advancing legal and institutional reforms, resolving land-related issues, ensuring respect for human rights in detention institutions and strengthening independent institutions.
The statement follows a familiar pattern. In June, the group acknowledged “developments in certain mass grave investigations” and urged that excavations meet international standards, and in March it called for the repeal of the Prevention of Terrorism Act. At the 58th session it welcomed a series of measures Tamils regarded as superficial. Neither this statement, nor its predecessors, names Chemmani, calls for international oversight of the excavation, or addresses the demand for a referral to the International Criminal Court.
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