Tag Archives: lobster business

Atlantic ChiCan investment in Nova Scotia lobster business tops $45M

Clark’s Harbour Seafood is set to open a new $15-million lobster processing facility this month as the China-focused exporter brings its investment on Cape Sable Island in southwest Nova Scotia to more than $45 million. The new plant, located in Clark’s Harbour, will be capable of processing up to four million pounds of cooked lobster a year allowing the company to make money from lobster not hardy enough for lengthy live shipments, says chief operating officer John Crandle Nickerson.  The He family, which operates seafood processing companies in China, owns the business. Owner Jim He is a Canadian citizen who splits his time between Vancouver and Nova Scotia. >click to read< 13:54

Bait crisis could take the steam out of lobster this summer

Members of the lobster business fear a looming bait crisis could disrupt the industry during a time when lobsters are as plentiful, valuable and in demand as ever. America’s lobster catch has climbed this decade, especially in Maine, but the fishery is dependent on herring,,, The loss of herring is also a heavy blow to the fishermen who harvest the species, said Jeff Kaelin, who works in government relations for Lund’s Fisheries, a herring harvester based in Cape May, New Jersey. >click to read<13:18