Tag Archives: competition from cheap imports
Valley shrimping companies looking for a way out
Rio Grande Valley shrimpers say they’re ready to sell off their fleets. For years, they’ve faced big losses, and they’re still waiting for help. At the Port of Brownsville, the dock owned by Reyes Trawlers Inc. is one of the few shrimping companies still running most of its boats. The shrimping industry has faced several years of high fuel prices, problems getting worker visas and competition from cheap imports. For many, it’s time to get out of the business. “I 
am almost 73 years old, been doing this since I was 17 years old, and yes I would like to get out today. There’s no profit anymore. I’m just here just because, I’m losing money. For the last three years I’ve lost money,” Reyes Trawlers Inc. owner Carlton Reyes said. Reyes is running five out of six vessels, while many other shrimpers have their fleet docked and unable to work. more, >>CLICK TO READ<< 13:14
