On the Waterfront – October 2015
N.L. Government Invests More Money In Aquaculture
The Newfoundland and Labrador government is investing $1.5 million in economic infrastructure and an expanding aquaculture industry on the south coast which will see the refurbishment of the Harbour Breton wharf and the introduction of new technology at the town’s fish plant.
This investment will allow the plant to reopen this fall, creating approximately 100 jobs.
As part of the $1.5 million investment:
$1 million will support the ...
On the Waterfront – September 2015
Bill and Stanley Oyster Company Increasing Production
Bill and Stanley Oyster Co. Ltd. will be better equipped to meet the ever-growing domestic and international demand for Prince Edward Island oysters, thanks to support from the federal government.
The Atlantic Canada Opportunities Agency will be providing $701,932 in repayable assistance for two projects for Bill and Stanley Oyster Co. Ltd.
These projects will help the company purchase new oyster grading and aquaculture equipment to ...
On the Waterfront – August 2015
East Coast and Garbo Lobster Sign Investment Deal
Massachusetts-based lobster distributor East Coast Seafood and Texas’ Garbo Lobster have entered into a partnership with long-term equity capital provider Seafood Investment Group to expand the companies’ value-added processing joint-venture, Maine Fair Trade Lobster.
The deal was led by Antarctica Advisors LLC, a food industry focused investment banking firm. Financial details of the partnership were not released.
“This is a highly ...
On the Waterfront – July 2015
Newfoundland-Based Fishing Vessel Sinks Off Nova Scotia
The St. John’s-registered Bear Cove Point sank off Georges Bank on the morning of June 9.
All four crew members were rescued by another fishing vessel and were brought back to Riverport, N.S. on June 10.
The vessel sank, in less than hour, about 175 kilometres southwest of Yarmouth and is now at the bottom of Georges Bank, roughly 20 metres below the surface.
Coast Guard officials said it’s still early in the investigation ...
On the Waterfront – June 2015
2015 Prices Set for Shrimp and Crab
The Newfoundland price arbitration panel selected the harvesters’ offer of $1.40 per pound for a blended price for coldwater shrimp, rejecting the $1.28 offered by the province’s shrimp processors, Seafood.com reported.
The price represents a significant increase from last fall, when the blended price was $1.08 per pound.
With little global production yet and a dry market, shrimp prices heard at the Brussels Seafood Show continued to be very high, ...
On the Waterfront – April 2015
Eastlink sues Newfoundland Fishing Vessel for Subsea Cable Break
Eastlink is suing the owner of a Newfoundland vessel after its subsea fibre-optic cable was snapped last July.
An arrest warrant has been issued after another subsea telecommunication cable was broken last summer off the coast of Atlantic Canada.
In a statement of claim filed last month in federal court, Nova Scotia-headquartered Eastlink accuses the vessel Oceans Joy of damaging its cable, costing the company nearly $1 ...
On the Waterfront – March 2015
MP Calls On Feds to do More For Small Craft Harbours
Member of Parliament for Random-Burin-St. George’s, Judy Foote, says the Conservative government’s decision to reverse its decision on the number of cuts being made to the administration of Small Craft Harbours in Newfoundland and Labrador is welcome news, but it doesn’t go far enough.
The Department of Fisheries and Oceans (DFO) announced last fall that the number of areas and area managers was being reduced from four to two, along ...
On the Waterfront – February 2015
Meetings Being Held on N.S. Lobster Levy
Members of the Nova Scotia lobster fishing industry are being invited to discuss a proposed two-cent per pound fee to help promote and market the industry.
Consultations, led by the Department of Fisheries and Aquaculture, began Jan. 27.
These discussions are an opportunity for members of the lobster fishing industry to share their views on the proposed fee, talk about what the money could be used for and how the fund could be collected and admini...