month : 06/2020 17 results

Supply and Demand Imbalance Could Cause Long-Term Damage to Sector

The Lobster Council of Canada (LCC) is worried that 96-million pounds of lobster could be stranded without a home by the end of 2020. The LCC is “concerned that the predicted imbalance of supply and demand could cause long-term damage to the lobster sector if there is not close collaboration and adjustments made as landings increase in May,” says its executive director, Geoff Irvine. He said the LCC has developed a ‘Canadian Lobster Model’ that allows it to input market recovery ...

Significant Drop in N.L. Crab Prices

2020 Total Allowable Catch Increased by 10 Per Cent   Spring disputes are nothing new to the fishery in Newfoundland and Labrador. Last year, for example, in the wake of protests and a public outcry over rumours of a possible 30 per cent quota reduction, or higher, the 2019 N.L. snow crab fishery only received a nine per cent overall cut after all. But jump ahead to 2020 and the emergence of COVID-19 was certainly one obstacle that neither harvesters nor processors had factored ...

Harvester Advocates Demand COVID-19-Related Financial Assistance

The COVID-19 pandemic has had a profound and negative impact on the fishing and seafood industries in Atlantic Canada and around the globe. In an attempt to stabilize the Canadian economy, the federal government has already announced billions of dollars in subsidy and aid programs to various sectors, including a $62.5-million Canadian Seafood Stabilization Fund aimed at helping the fish and seafood processing sector. Now groups representing harvesters across the country are also demanding ...

Northern Cod Recovery Appears to Have Stalled

Some Industry Groups Taking Issue with Recent 2J3KL DFO Stock Assessment   In the midst of other fisheries across the region facing uncertainty due to the world-wide impact of COVID-19, the Department of Fisheries and Oceans (DFO) recently released it’s latest Northern cod stock status assessment and the news was not good. A DFO technical briefing document stated that “We continue to be concerned about the status of the Northern cod stock, which remains in the critical zone. ...

Cermaq Bids Farewell to Nova Scotia

Aquaculture giant Cermaq Canada has bid farewell to Nova Scotia, recently letting all options to lease sites, awarded by the provincial government, expire. The decision came just a little over a year after Cermaq began investigating the feasibility of expanding its salmon farming operations into Nova Scotia. “We knew that we would need to identify between 15 and 20 viable farm sites spread throughout the four option areas in order to achieve the required annual production. Unfortunate...

Outlook Bleak for Southern Gulf Spring Herring Stock

The outlook is bleak for the spring spawning herring stock in the southern Gulf of St. Lawrence, with the most recent stock assessment projecting it could be close to extinction in 10 years. “In the projections it doesn’t reach zero but goes pretty close to zero,” said Francois Turcotte, Department of Fisheries and Oceans (DFO) marine biologist based in Moncton, N.B. There is “a lot of uncertainty” around the projection which is based on the declining biomass, said Turcotte. ...

MI Nautical Skills Competition Results

Above photo: Team Beached Buoys The Nautical Skills Competition, hosted by the Master Mariners of Canada (N.L. Division), in collaboration with the Marine Institute, took place on Feb. 1, at the Marine Institute’s Ridge Road campus in St. John’s. Using state-of-the-art marine simulators from the Marine Institute and Virtual Marine, the competition included a series of challenging marine exercises designed to test the knowledge and ability of nautical science students and to ...