Tag Archives: North Pacific Fishing Fleet

Tax Incentives Could Help North Pacific Fishing Fleet Rebuilders, Otherwise, Gulf Coast Builders May Have A Competitive Edge

The Seattle-based North Pacific fishing fleet is expected to get $1.6 billion in upgrades or rebuilding over the next decade, but in-state ship builders have been capturing only about a third of such business so far, and cheaper Gulf Coast competitors could eat their lunch as the stakes grow. Washington maritime industry leaders say bipartisan HB 1154 could help provide a net big enough for the state to harvest more of that economic growth. “We can’t miss this opportunity,” Keith Whittemore said. “The boats have to be built in the U.S…but they don’t have to be built in Washington.” Whittemore is the executive vice president of business development for Vigor Industrial Shipyards, a shipbuilding and repair company with 12 locations and 2,500 employees in the Pacific Northwest and Alaska. Read the story here 11:31

Our opportunity: Modernization of the North Pacific Fishing Fleet

The fishing fleet in the North Pacific and Bering Sea, much of which is homeported here, needs to be replaced. Leaders are pushing for Washington to get its share of that business. Seattle’s homeowners aren’t the only ones getting grayer. The fleet that is the backbone of Washington’s fishing industry is getting older, too. Vessels average 40 years old, although their ages vary widely. Of the 5,000 ships at work off Alaska, 414 of these federally permitted vessels are more than 58 feet in length. A total of 175 were built in the 1970s. Replacing them will be a mammoth undertaking, but the state could see big benefits if it captures some of the action. Mark Gleason of the Maritime Federation said, “Our members see this as a huge opportunity, for ports, shipowners, seafood companies, labor, shipyards, naval architecture firms… It’s one of the biggest opportunities to come to this region in maritime in decades.” Read the story here Read the 63 page McDowell Report Click here 17:59