Western Alaska villages, two CDQs acquire more crab quota, vessels

Thirty western Alaska communities, along with two community development quota entities are anticipating a boost in their economic future in a buyout deal in which they are acquiring $35 million in opilio and king crab quotas, plus full ownership of seven crab vessels. The buy-out of Mariner Companies in Seattle offers the rural communities a value equal to 3 percent of the total crab fishery, while Bristol Bay Economic Development Corp. will acquire four of the fishing vessels and Coastal Villages Region Fund will acquire three vessels. >click to read< 12:49

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