Tag Archives: commercial fishing vessel owners
Sorting out the details of offshore wind compensation plans
Owners of commercial fishing vessels or permits can now sign up for compensation to cover economic losses attributed to the region’s offshore wind installations. Millions in funds are available, but the process can be complicated. Vineyard Wind entered an agreement with Massachusetts in 2020, establishing a $19 million fund to compensate affected fishermen and shoreside businesses that provide goods or services to the fishing industry. But we’ve got the processes explained in simple terms, with step-by-step graphics on the two projects currently underway — Vineyard Wind and South Fork Wind. As for captains and crew, the owners and operators are “strongly encouraged to share annual compensation payments” with them, but the program does not require it. more, >>click to read<< 09:01
Judge OKs Settlement In BP Class-Action Suit – $2.3 billion to cover seafood-related claims by commercial fishing vessel owners, captains and deckhands.
BP will pay $2.3 billion to cover seafood-related claims by commercial fishing vessel owners, captains and deckhands. That fund is the settlement’s only limit, Barbier wrote. He said that it is about five times the average industry gross revenue from 2007 to 2009 and, according to evidence provided, more than 19 times the revenue the industry lost in 2010. Still unresolved are environmental damage claims brought by the federal government and Gulf Coast states against BP and its partners on the Deepwater Horizon drilling rig, and claims against Switzerland-based rig owner Transocean Ltd., and Houston-based cement contractor Halliburton. Read More
