Maritime lobster boom: Fancy pickups, a boat shortage and a nice situation for the industry right now!

lobsteredit_1The industry across the Maritimes moved into high gear last year, and has gained momentum since. Amid growing demand for the tasty crustaceans, fishermen have been hauling in record catches that are commanding the highest prices in more than a decade. Aside from $65,000 trucks, the fishermen are also buying new boats — if they can. “The order books are full and many yards are booked for a couple of years out,” says Tim Edwards, executive director of the Nova Scotia Boatbuilders Association. “They’re busier than they’ve been in at least 10 years, maybe 12.” Part of the reason why boatbuilders can’t keep up is a growing demand for longer, wider, more complex boats, typically worth between $500,000 and $750,000. The latest generation of vessels include so-called live wells designed to carry lobster in freshly circulated seawater. The tanks keep the lobsters healthy, which means they’re worth more at the dock. Read the story here 12:48