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Owners profit, but crew feel the pinch of crab catch shares |
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Long before there was a bank bailout on Wall Street, there was a boat bailout in the Bering Sea.
While the Bering Sea Aleutian Islands crab rationalization program is approaching its five-year review, the program implemented in 2005 is still under fire from the critics who first protested its approval in 2002, and the encouragement of catch shares as a fishery management tool is now the official position of the U.S. government. Read the full story in the Alaska Journal of Commerce
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33 Fishing Community Members Say Permit Bank, Giacalone are pluses for Gloucester
This permit bank is a true local treasure for our fishing community and related businesses. Its existence has been one of the only positive things to come to this fishing community in decades.






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