The lobster fishery drives a boat building ‘boom’ in the Canadian Maritimes

Boat builders are benefiting from a steady upward rise in the lobster fishery, which has had everything go right in the past year. The cost of fuel to drive their boats has dropped, while lobster prices are up and catches strong. A lower Canadian dollar has made selling in the U.S. more lucrative. “The combination of those things means lobster fishermen are making more money. The sales we are seeing are the best we have [had] since our organization started recording them and that is 19 years,” said Tim Edwards of the Nova Scotia Boatbuilders Association. Maritime boat yards are operating at full capacity to meet demand for new lobster fishing boats — costing upwards of $1 million each — which has wait times for those new vessels stretching years into the future. Read the article here 08:04