Tag Archives: US Fishing industry

The Lunacy of Global Seafood Supply Chains

Like all global supply chains right now, this one feels unstable and unsustainable. Most of the seafood we eat in America, even in Gloucester, the country’s oldest seaport, comes from overseas. Most of what local fishermen catch is sent elsewhere. “The models aren’t designed to feed local and regional markets,” Tolley says. Those famous fish sticks bearing the logo of a Gloucester fisherman? By the time they reach your frozen foods section, they’ve made an exhausting global journey, exported for processing, then reimported. Nearly 500 commercial boats fished out of Gloucester a decade ago. Today, there are two dozen. This reflects both the decades-long collapse in groundfish stocks—the cod and haddock that once abounded in the cold waters off Cape Ann—and ever-more-aggressive federal measures limiting who can fish and for how much. >click to read< 09:07

Tell Your Congressmen and Senators: Our US Fishing Industry Faces The Coronavirus Disaster

With the Coronavirus being spread around the world and nations reacting to this threat in many different ways, from doing nothing, to closing the borders and full quarantines, the unintended effects of such government actions have yet to be fully felt. Granted the stock market has lost 30% in value in just 3 weeks time, the average American really doesn’t feel that unless he is living on his investment returns. With the closing of schools, and restaurants and any places of public gatherings an enormous crisis is being created because many people are being put out of work and some of them may not have a business to come back to when the crisis is over. The Coronavirus may topple an empire if we let it. >click to read< 06:17

Your Thoughts? New rule would turn back clock for US fishing industry

A Proposed Rule – Shipping Act, Merchant Marine, and Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act) Provisions; Fishing Vessel, Fishing Facility and Individual Fishing Quota Lending Program – >click to read< In the second half of the 20th century, the U.S. fishing industry was plagued by too many boats chasing too few fish. Overfishing was rampant, profits for fishermen were low and the federal government fueled the flames by subsidizing the construction of new fishing vessels with taxpayer dollars. By the mid-1990s,,,, Now the Trump administration wants to forget all of those hard lessons learned and begin subsidizing new fishing vessel construction again in a rule proposed last November that could be finalized any day. >click to read<09:11

US Signs South Pacific Tuna Treaty Amendments

tuna-seiners-265x300The United States and 16 Pacific Island governments initialed amendments to the Multilateral Treaty on Fisheries at a ceremony in Nadi, Fiji on December 3, 2016. According to the US State Department, the revisions to the Treaty will generate higher economic returns from fisheries for Pacific Island countries, while supporting the continued viable operation of the US fishing fleet in the region. “The positive outcome reflects strong commitments to the Treaty by the parties and relevant stakeholders, including the Pacific Islands Forum Fisheries Agency (FFA) and the US fishing industry, and a further enhancement of political and economic ties between the United States and the Pacific Island region,” the US State Department said in a press statement. Read the rest here 09:07

“Consolidation was coming, and now it’s here.” Foreign investment heats up in US Fishing Industry

The Cooke family’s acquisition of scallop firm Wanchese Fish Company on Friday is one of several signs foreign investors are taking the lead on US seafood consolidation, and this spring, their interest seems to be heating up. The US seafood industry ripe for the picking. A source at a US-based Alaska company, owned by a foreign company, said the US market is also likely attractive to investors due to US fisheries reputation for having the gold standard in management, making them a more reliable investment than fisheries teetering on the brink of instability overseas. Read the rest here  14:30

The US Fishing Industry Contributes Nearly $90 Billion To The Economy

The Hamilton Project notes that “current policies do not capitalize on the full economic potential of U.S. fisheries, ( World Bank and EDF/Pew Nature Con have figured out how to skim the cream) nor do they guarantee their ecological sustainability.” (Because we know  privatization saves not one fish!) Read more from the Vultures at the Hamilton Project, Making money the old fashioned way. Screwing people out of it! Read it here 19:54

The Observer Program. Expanded

flameguard eagleThe US Fishing industry is the most scrutinized industry in the Nation. In another article today regarding the Mount Polley mine tailings pond dam breach, a fishermen’s representative laments, “We have fleets of boats with observers or cameras watching our every move to fish sustainably, and nobody is watching these folks as they destroy our ecosystem,”  I would like to expand the conversation regarding oversight of the regulators,,, <Read more here> 19:50