Tag Archives: sold

Boothbay Harbor Shipyard sold to Andy Tyska and Bristol Marine

January 10, 2018   New England

Andy Tyska, president of Rhode Island-based Bristol Marine, has announced the acquisition of Boothbay Harbor Shipyard. Located at the head of Boothbay Harbor, the shipyard joins Bristol Marine’s two other locations of working waterfront–including boat yards in Bristol, Rhode Island, and Somerset, Massachusetts. A vital part of Maine’s shipbuilding tradition, Boothbay Harbor Shipyard has accommodated a wide range of vessels since its founding in the later 1800s — including tall ships and super yachts, tugboats and Navy vessels, sailing yachts and work boats. click here to read the story 13:46

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Fishing Company of Alaska is sold, ending a turbulent run in North Pacific harvests

January 23, 2017   New England, North Pacific

Renton-based Fishing Company of Alaska has sold its three factory trawlers and catch quotas to two other seafood companies, a move that will end more than three decades of its sometimes turbulent operations in the North Pacific seafood industry. The sales agreement to Ocean Peace and O’Hara Corporation was announced Friday in an email by a Fishing Company of Alaska executive to other industry officials that was obtained by The Seattle Times. A sale price was not disclosed. Mike Faris, chief executive of Seattle-based Ocean Peace, confirmed that his company will acquire two Fishing Company of Alaska vessels. Frank O’Hara Jr., executive vice president of O’Hara Corporation, said his company will acquire the other vessel and half of the fishing quotas to harvests. He said these quotas will give his company a more diverse harvest that includes more higher-priced species. Fishing Company of Alaska, which once had a fleet of more than six vessels, was an important player in the trawl harvests that unfold in the Gulf of Alaska, the Bering Sea and off the Aleutian Islands. But Fishing Company of Alaska’s fleet has shrunk over time, in part due to high-seas disasters. Those include the 2007 sinking of the Alaska Ranger that killed five crew and the 2016 demise of the Alaska Juris, which did not result in loss of life but is the focus of a Coast Guard investigation. Read the story here 19:21

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