Tag Archives: monopoly

Clearwater to build $54m clam factory vessel, but there could be some monopoly complications!

Clearwater Seafoods has announced plans to invest roughly CAD 70 million ($54m) in a new “state-of-the-art” factory vessel for its Canadian clam fleet. This investment follows the launch of the Belle Carnell in July 2015, which successfully allowed Clearwater to increase its catch of Arctic surf clams, cockle clams and propeller clams. The combined investments complete Clearwater’s plan to sustainably harvest 100% of its Canadian surf clam quota, employing the most advanced and proprietary clam technology in the world, it said. Read the story here  Surf clam fight heats up with Clearwater boat buy – Presently, Clearwater is the only harvester of Arctic surf clam in Canada, and although it holds all of the current licences, it has not had the capacity to fish the entire 38,756-tonne quota. But Clearwater may not hold onto its monopoly for long. Following two days of science consultations in June, the federal Department of Fisheries and Oceans is in the process of making a decision on whether or not to increase the quota and open up the fishery to new entrants. Read the story here 20:47