Tag Archives: Fleetwood Port Kells Liberal MP Ken Hardie

Offshore ‘slipper skippers’ and local monopolies target of new fishing industry study

If you have ever purchased fish at Fisherman’s Wharf, there’s a 50/50 chance the bulk of your money will make its way into the pockets of an investor, who may not even be able to pinpoint Steveston on a map. Such investors, both foreign and domestic, own government-issued quotas and licenses and lease them to fishers for a cut of the catch. Because profit margins for fishers are already razer thin, the extra costs of the quotas and licenses means young, new and independent fishers find it difficult to get a foothold in the industry. This regulatory system is being called into question by Fleetwood Port Kells Liberal MP Ken Hardie. Fishers have long complained about the ownership structure of licences and individual transferable quotas (ITQs), or catch shares,,>click to read< 20:08