Greg Fulcher betting on scallop permit consolidation to recoup $7m

alaskaGreg Fulcher — who has just bought the scallop vessel Alaska, and fishing permit, for a record-high sum of $7 million — believes sector consolidation will bring management changes in the US. It’s the potential for these changes that makes the amount he paid, to Oceans Fleet Fisheries, worth while. “With the amount of money coming into the industry at the moment; the players and the consolidations; I expect individual quotas are on the way,” he said, referring to a quota system based on allowing individuals to fish their allocated amounts as they see fit, including using fewer, larger vessels. Sadly, Read the rest here 10:12

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