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Chinese investors eye Port Union fish plant as a seal processing plant

January 18, 2017 Canada

Venture capitalists who are looking to invest $90 million US in the province have their sights set on the former Ocean Choice International shrimp plant in Port Union, according to MHA Neil King. OCI turned the plant over to the municipality of Trinity Bay North in August 2016, six years after it was destroyed by Hurricane Igor. The town is looking for a new business — or several — to breathe new life into the facility. “Last week we had a group of Chinese investors come down who are looking at investing in Newfoundland and Labrador,” said King, who hopes to see the plant soon process seal. “There’s some good potential there to get things rolling.” Read the story here 08:19

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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