Fishing Industry Alerts
FISHING FRUSTRATION: A muti-part analysis of the first quarter under catch shares |
FISHING FRUSTRATION: A muti-part analysis of the first quarter under catch shares |
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- 39% of vessels are fishing. - Idle ships are crowding ports. - Supply companies report sales down 50%
NEW BEDFORD, Mass. - August 29, 2010 - Sectors are a form of catch share management under which the catch allocations for the sector boats aren't issued directly to the permit-carrying boats. Rather, they go to the sector, where they are pooled together. This is significant in that the Magnuson-Stevens Act requires a referendum to approve a system of individual quotas, which federal officials avoided through this new hybrid arrangement.
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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.






