Please do not leave this page until complete. This can take a few moments.
After buying 94 acres and securing final permits, the Netherlands-based Kingfish Co. can now advance to design and engineering of a land-based facility for cultivating yellowtail kingfish.
Maine's working waterfronts are under threat from pressures such as climate change and rising real estate costs, according to a new report from the Island Institute. The report proposes a comprehensive approach to preserve access.
With sales of retail lines on pace to triple or even quadruple, the additional building offers capacity and additional automation while also freeing up space in the original facility.
The sudden closure is expected to cause significant economic hardship for Maine’s lobster industry, costing hundreds of fishermen millions of dollars during the lucrative late fall and winter months.
The Maine Lobstermen's Association launched a fundraising campaign to fight new regulations the group says will decimate the industry. Meanwhile, a court ruling reinstated a seasonal fishing ban across a large swath of offshore waters.
Terms of the sale included honoring leases with current tenants. Further investment at some point is expected. “Union Wharf epitomizes high-quality working waterfront in Portland Harbor,” said the institute’s CEO.
The moratorium freezes municipal permitting for finfish aquaculture development of 10 acres or more in local coastal waters. The vote comes as a Norway firm is looking to lease 120 acres for large-scale salmon production.
The fishing vessel Emmy Rose sank Nov. 23, 2020, and today there is no explanation for the loss of the ship and all four crew members. A legal settlement over the sinking, however, may be reached soon.
The new Seafood Infrastructure Investment Program will be launched early next year and administered through the Maine Department of Marine Resources.
The bluefin tuna is “among the most sought-after commercial fish in the world’s oceans,” said one researcher. A single fish could be worth tens of thousands of dollars. A new study aims to improve marketing for thousands of fishermen.
Separate transactions are now pending for both Custom House Wharf and Union Wharf. If completed, the sales would end generations of family ownership.
As the wild fisheries decline in the Gulf of Maine, large-scale aquaculture would create jobs for future generations and help reduce imports from abroad, says the new CEO.
Circulation models by academic oceanographers predict that fish waste could stay in the bay. But the company’s new CEO last week said the operation would produce healthy fish without impacting the seabed.
Neighbors of the proposed operation said they own a mudflat needed by the farming operation to install intake and discharge pipes to its upland facility. The judge called the ownership claim “convoluted.”
CEO Keith Decker said the proposed closed-pen system in Frenchman Bay is an “opportunity to set a new standard.” Acadia National Park has called the industrial-scale proposal unprecedented in Maine and incongruous with the setting.
Fishermen increased direct marketing, retail and e-commerce last year when exports and domestic wholesale fell. A new survey aims to help the industry leverage direct-marketing trends as a hedge against future shocks.