poised to take majority ownership

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Danish company poised to take majority ownership in Quin-Sea Fisheries

December 5, 2015 Canada

One of Newfoundland and Labrador’s largest seafood processing companies is about to undergo a change in ownership, with Royal Greenland of Denmark poised to buy a majority ownership in Quin-Sea Fisheries Limited. Details of the purchase have not been disclosed, and the deal is contingent on the approval of the provincial government. Quin-Sea spokesman Gabe Gregory says it is a positive development for the industry, since Royal Greenland is a very large company with access to an extensive marketing and sales network in Europe and Asia. Read the article here 12:22

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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