Tag Archives: lost markets
NOAA Fisheries reports on early pandemic impact on fisheries
NOAA Fisheries Friday, January 15 released a report on the economic impact on the seafood catch and recreational fishing nationwide and here in Alaska through last summer.,, Nationwide the commercial fishing industry started off 2020 with increases in revenue from seafood sales. But as the pandemic hit in March, that income dropped off 19 percent compared to the most recent five-year average. Those declines swelled to 45 percent by July. >click to read< 19:25
Despite an uncertain start to the fishery’s season, Maine lobster rolls on as the industry pivoted to new markets
Stonington lobster fisherman John Williams usually hauls his boat out in February for annual maintenance and paint in preparation for the start of the spring fishing season. “Then COVID started,” The health emergency was worsening and the economy shutting down. That included one of the lobster industry’s biggest markets — restaurants. The large cruise ship and casino markets also slammed shut. International freight and shipping to China, emerging as a large consumer of lobster, had nearly stopped. “I got thinking about it and said, ‘This doesn’t look very good. We won’t have any market,’” Williams says. >click to read< 10:31
