Canadian scallop quota valued at $200M sells to 3 Nova Scotia companies

February 23, 2024 Canada

In a blockbuster seafood deal, St. John’s-based Ocean Choice International (OCI) has sold its Canadian offshore scallop quota, worth an estimated $200 million, to three Nova Scotia companies. Ocean Choice held 16.77 per cent of the offshore scallop quota, which is fished mostly on Georges Bank off southern Nova Scotia. A key driver in the sale was the sinking of the company’s factory trawler Atlantic Destiny on Georges Bank in March 2021. CEO Martin Sullivan says they opted not to replace it. “We were looking at our options and we talked to these three Nova Scotia companies that have been industry partners of ours for a long time.” more, >>click to read<< 08:08

CEO Martin Sullivan, Comeau's Sea Foods of Saulnierville, F/V Atlantic Destiny, LaHave Seafoods, Mersey Seafoods, Nova Scotia, Ocean Choice International, scallops, sells scallop quota, to 3 Nova Scotia companies

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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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