Tag Archives: Greg Fulcher
Fulcher family-owned processor ‘may be beneficial’ in future
Greg Fulcher hit US scallop sector headlines recently by paying $7 million to secure the fishing vessel Alaska, complete with permit, from New Bedford, Massachusetts-based Oceans Fleet Fisheries. However, he is far from the only Fulcher in the seafood business. “In the future, depending on consolidation in the sector and what happens with permits on boats, it might be beneficial to go into processing, with all of us owning one plant, with our raw materials going into it,” he suggested. Fulcher believes changes are coming to the US scallop sector, which will allow a company to stack more than one permits on a vessel. Read the rest here 16:26
Greg Fulcher betting on scallop permit consolidation to recoup $7m
Greg Fulcher — who has just bought the scallop vessel Alaska, and fishing permit, for a record-high sum of $7 million — believes sector consolidation will bring management changes in the US. It’s the potential for these changes that makes the amount he paid, to Oceans Fleet Fisheries, worth while. “With the amount of money coming into the industry at the moment; the players and the consolidations; I expect individual quotas are on the way,” he said, referring to a quota system based on allowing individuals to fish their allocated amounts as they see fit, including using fewer, larger vessels. Sadly, Read the rest here 10:12
