Tag Archives: Clearwater Seafoods Inc

Grand Bank council to discuss new Arctic surf clam licence with LeBlanc

Last week’s announcement by federal Fisheries Minister Dominic LeBlanc a new Arctic surf clam licence will be issued for next year is concerning news for the Town of Grand Bank. Mayor Rex Matthews raised the topic during the town’s council meeting on Monday afternoon. Matthews said a council delegation has a 30-minute meeting scheduled with LeBlanc on Wednesday afternoon in St. John’s, where Prime Minister Justin Trudeau and federal cabinet ministers are meeting this week for an annual retreat. “The problem is it’s taking away existing quota from our fish plant here in Grand Bank,” Matthews said, adding the change could have a major impact on the facility. click here to read the story 15:33

Seafood giant Clearwater Seafoods Inc. losses spike

Clearwater Seafoods Inc. reported Wednesday a loss of $9.8 million on sales of $95.3 million in the second quarter of this year. “Strong catch rates in the latter part of the second quarter and the first part of the third quarter have resulted in … higher available volumes to sell in the third and fourth quarters at a lower cost of capture. @chronicleherald

Clearwater Seafoods Inc to add $45-million vessel to clam fleet

Clearwater Seafoods Inc. closed $350 million in new debt facilities Wednesday that will be used to add a $45-million vessel to its clam harvesting fleet. When it’s fully operational, the company’s third clam harvester will increase Clearwater clam sales to about $100 million by 2017 from $60 million, Clear-water treasurer Tyrone Cotie said in an interview. [email protected]