InnovaSea Systems Inc. has raised $15 million for farming fish in the open ocean

April 12, 2017 National

Boston-based InnovaSea Systems Inc. has raised $15 million to develop an all-in-one system for farming fish in the open ocean, an approach that the company and its partners say is vital to a sustainable future for the seafood industry. InnovaSea was formed in 2015 from the merger of Maine’s Ocean Farm Technologies Inc. and another company out of Seattle, Washington. Both companies made large underwater pens to contain fish while they grow big enough to harvest for food. The new funding comes from Cuna Del Mar, an investment firm focused on open-ocean aquaculture. Cuna Del Mar formed InnovaSea after buying a stake in each of its predecessor companies. continue reading the article here 13:28 (you may need to register, easy enough)

$15 million, Cuna Del Mar, InnovaSea Systems Inc, Open Ocean Fish Farming

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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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