Shelving shrimp: Inside Katsheshuk II, OCI’s $8-million bet on groundfish
For years the Katsheshuk II hauled in shrimp off the shores of Newfoundland. The ship caught, processed and froze the shrimp to be sent to customers. But shrimp stocks have shrunk, leaving Ocean Choice International with too many boats for too small a quota, so the company is spending $8 million to convert the ship. “The shellfish resources are declining but in general, some exceptions, groundfish is increasing,” says Blaine Sullivan, the chief operating officer for OCI. The Katsheshuk II is being overhauled so it can start fishing for groundfish. The industry is hoping for the eventual return of cod, but in the near future it will be other species. click here to read the story 13:57
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