Tag Archives: groundfishing industry

Five years after ‘catch shares’ and ‘sectors,’ groundfish industry is on the rocks

10172769-largeFive years have now gone by since the reshaping of the Northeast fishery, five years that the the Northeast groundfishing industry does the best it can under a new set of rules. Five years ago, few knew the definition of the word “sector” as Fisheries was suddenly using it. Basically they are what most people would call co-operatives.  “Catch shares” were a bit easier; it’s another word for quotas. And it’s the catch shares, not so much the sectors, that many believe are at the root of the problem. Read the rest here 09:00