Some buyers shelling out more than $1M for lobster boat, license

The purchase price of lobster fishing fleets is hitting new highs, according to a P.E.I. broker — in some cases people are paying more than $1 million to get into the lobster fishing business. “I’ve never seen them this high before,” said broker Mark Hackett of Tignish, P.E.I. “A million plus.” The high value of lobster landings, combined with large catch sizes in recent years, are driving up fleet prices, according to Hackett. >click to read< 13:35