Tag Archives: Port Moller
Original Peter Pan Seafood investor wins auction for troubled company’s assets
One of the original investors in a troubled Alaska seafood company has narrowly outbid competitor Silver Bay Seafoods in an auction for the firm’s assets — including a major processing plant in the Alaska Peninsula village of King Cove. Rodger May, an entrepreneur and fish trader, bid $37.3 million for the assets of Peter Pan Seafood, including two other processing plants — one in the Bristol Bay hub town of Dillingham and another in a remote part of the Alaska Peninsula called Port Moller. May’s bid was $257,000 higher than the bid offered by Silver Bay Seafoods, a major Alaska seafood company that’s expanded rapidly in recent years. The sale of Peter Pan, which operates primarily in Alaska with a business headquarters in Washington, isn’t final. A confirmation hearing in Peter Pan’s receivership case — a bankruptcy-like proceeding overseen by a Seattle court — is scheduled for Oct. 3. more, >>CLICK TO READ<< 11:36
Silver Bay Seafoods and Peter Pan Seafoods Announce Valdez Acquisition and 2024 Operational Plan
Silver Bay Seafoods and Peter Pan Seafoods announced today that the agreement for Silver Bay to acquire Peter Pan’s Valdez facility has been finalized and that Silver Bay plans to operate the Peter Pan facilities in Port Moller and Dillingham for the 2024 salmon season. Shifting operations of the two facilities to SBS is a component of a larger restructuring, still being finalized, in which Silver Bay would acquire Peter Pan’s processing facilities and support sites after the 2024 salmon season. Peter Pan will remain active in conducting the remaining activities needed to close out 2023 operations, including sales and accounting functions. Both companies are committed to a seamless transition and ensuring minimal disruption to fishermen, communities, and employees. more, >>click to read<< 10:21
Some fishing expected in Egegik and Igushik this week, and Port Moller test effort underway
The Port Moller Test Fishery made its first sets this weekend, catching 12 then 20 sockeye on its out-and-back from stations 2 to 12. A little bit of commercial activity is expected this week in Bristol Bay, with managers and the market trying to get a sense of the early part of the run. The R/V Pandalus went out and back for its first test of the Bristol Bay offshore run over the weekend. On Saturday, (3) sockeye were caught in the 4 1/2 inch mesh, and (9) in the 5 1/8 inch, with most of the activity towards the inshore stations. On Sunday, after six sets, the boat recorded (12) fish caught in the four-and-a-half, and (8) in the five-and-an-eighth. Station 4 saw the most activity. Last year the first sets saw about the same number of fish, but the water temperatures are almost three degrees (Celcius) cooler than they were in the first sets in 2016. Audio report, click here to hear/read the story 10:28
