On The Waterfront 111 results

On the Waterfront – May 2024

High Liner Invests $5 Million in Norcod In exchange for 10 per cent ownership and nomination rights for a seat on their board of directors, High Liner Foods has invested $5 million in the Norwegian aquaculture company Norcod. Going forward, High Liner CEO Paul Jewer will sit on Norcod’s board of directors. Norcod’s operates six facilities located in central and northern Norway with licenses secured to reach a production capacity of 26,000 metric tonnes of cod. The conditions in these ...

On the Waterfront – April 2024

OCI Sells Scallop Quota to Focus on N.L. Operations Ocean Choice International (OCI) has sold its Nova Scotia scallop quota to Mersey Seafoods, LaHave Seafoods and Comeau’s Sea Foods. This sale of OCI’s quota came in exchange for Greenland halibut and Northern cod quota from Mersey as well as Greenland halibut, Northern cod and redfish quota from LaHave. LaHave will also be acquiring OCI’s pollock, haddock and flounder quotas as well as the company’s assets in Riverport, Nova ...

On the Waterfront – February 2024

Kraken Robotics Awarded $3 Million Survey Contract Kraken Robotics Inc., a Canadian-based marine technology company, has been granted a $3 million dollar contract to supply seabed mapping services to a survey operator in support of an unnamed navy customer. Kraken will employ their “KATFISH” high-speed seabed survey system to provide imagery and bathymetry of various ports and harbours. The surveys will take place between January and May 2024.     True North Salmon ...

On the Waterfront – January 2024

FCWC Returns to Moncton for 21st Edition Canada’s largest marine event, Fish Canada Workboat Canada (FCWC), is returning to the Moncton Coliseum in Moncton, N.B. from January 19–20, 2024. The trade show, presented by The Navigator in partnership with Master Promotions, drew over 7,000 visitors during its 20th edition in 2022. The 2024 event, according to show manager Shawn Murphy, is expected to significantly exceed past records. “Exhibitors have been expressing their excitement to ...

On the Waterfront – December 2023

DFO Implements New Assessment Model for Northern Cod Stocks The Department of Fisheries and Oceans (DFO) has announced a new model for assessing 2J3KL Northern cod stocks which evaluates long-term productivity from 1954 to the present using tagging and landing data. The Fish, Food and Allied Workers Union (FFAW), Newfoundland and Labrador’s fish harvester’s union, called this move towards a new model a “positive step for federal fisheries science.” “We applaud the considerable ...

On the Waterfront – November 2023

North Atlantic Fish and Workboat Show Back in St. John’s This Fall The North Atlantic Fish and Workboat Show, presented by The Navigator Magazine and Master Promotions, is back in St. John’s, Newfoundland and Labrador from November 17 to 18. “This event is always a keystone for Newfoundland’s fishing industry,” said Show Manager, Shawn Murphy. “It’s amazing to see how far the industry progresses every two years, so we can’t wait to put some new products and developments in ...

On the Waterfront – October 2023

New Commercial Whelk Fishery Launching in Nova Scotia Diane Lebouthillier, the Minister of Fisheries, Oceans and the Canadian Coast Guard, announced that a new whelk fishery will be opened off of eastern Cape Breton in spring 2024. After monitoring the exploratory whelk fishery in NAFO area 4Vs, the Department of Fisheries and Oceans (DFO) determined that a commercial fishery would now be “commercially and biologically sustainable.” Whelks are edible molluscs that are predominantly ...

On the Waterfront – September 2023

Nova Scotia Vessel Sinks off N.L. The Addie N’ Ainslie, a vessel based out of Sambro, N.S., sank on July 11 while fishing for halibut off the Grand Banks of Newfoundland. After a split shaft punched a hole in the hull, the boat containing seven fish harvesters began to rapidly take on water. The crew was able to signal first responders and cram into a lifeboat before being taken aboard a container ship. The next morning, the crew was picked up by the Canadian Coast Guard and dropped ...

On the Waterfront – August 2023

Investigations Ongoing into OceanGate Disaster In light of the implosion that claimed five lives aboard the Titan submarine that offered a guided tour of the wreckage of the Titanic, several official organizations are investigating the factors that contributed to the incident. Authorities from the Transportation Safety Board in Canada and the U.S. Coast Guard, assisted by the U.S. National Transportation Safety Board have launched investigations, as well as the Royal Canadian Mounted Police ...

On the Waterfront – July 2023

Port of Stephenville Acquired by World Energy GH2 World Energy GH2 Inc. has successfully closed a deal to acquire the port from the town of Stephenville, Newfoundland and Labrador as part of their Project Nujio’qonik to ship green hydrogen and ammonia to international markets. Project Nujio’qonik aims to produce hydrogen by 2025 as part of a Canada-Germany Hydrogen Alliance, which calls on the two partner countries to invest in the renewable energy source. The wind-generated hydrogen ...