Saving Seafood

Gulf of Maine Research Institute Webinar to focus on Farmed Shellfish Market Analysis and Historic Growth

May 14, 2024 — The following was released by Gulf of Maine Research Institute:

An upcoming webinar will take a deep dive into the analysis of the farmed shellfish market released earlier this year by the Gulf of Maine Research Institute that showed Maine’s farmed shellfish industry is projected to bring in well over $20 million in yearly revenues by 2028.

In this free webinar, experts from GMRI and Pentallect will share valuable information on the current market scenario, growth opportunities, and key challenges in the industry.

This webinar is for aquaculture farmers who want to better understand current shellfish markets, as well as financial intuitions who may be involved or are interested in the market outlook of aquaculture businesses (to give loans or invest in) and seafood distributors. Presenters will discuss current market trends, highlight growth opportunities and key findings from the Shellfish Market Analysis published in February.

The report finds that Maine has a “significant opportunity to expand its farmed shellfish industry” and that based on projections, the Maine shellfish industry could achieve revenues of over $28 million by 2028, or a 40 percent growth from 2022.

In total, shellfish represents a $700+ million in the U.S. marketplace for domestic harvesters, and $1.1 billion including imports. Maine accounts for approximately 3.5 percent of the total shellfish domestic-sourced landings, delivering approximately $26 million in landed value.

Oysters in particular are seeing dramatic growth since the last report in 2016. The Northeast region of the United States has been the only region to expand oyster capacity over the past six years, and is well positioned to capitalize on that growth and demand not met by other markets.

Maine specifically has been the Northeast share growth leader since 2015, gaining a staggering 8 share points from Massachusetts, the current greatest share holder.The best, or mid-point, projection estimates that demand for Maine oysters will grow by almost 50 percent over the 5-year planning horizon, generating approximately 5.5 million oysters. Demand for Maine aquaculture-sourced mussels is projected to grow approximately 40 percent over current supply by 2028, which exceeds the largest harvest achieved in 2019 by close to 20 percent, the report found.

While Maine’s scallop industry is only 2 percent of scallop volume nationally, Maine scallops fetch the highest average price per pound. The report finds that scallops are a newer aquaculture market and are less impacted by federal quotas than other regions, given the majority of scallops coming from day-boats in state waters.

For more information, read more about the shellfish market and opportunities for growth here: GMRI_Farmed_Shellfish_Market_Report_2.0.pdf (d3esu6nj4wau0q.cloudfront.net)

To register for the webinar, please visit: Shellfish Market Analysis Webinar – Gulf of Maine Research Institute (gmri.org)

WHO: GMRI Scientists, Pentallect experts, aquaculture famrers, financial institutions
WHAT: A deep dive and discussion on the Market Shellfish Analysis
WHEN: Thursday, May 23, 4 p.m. – 4:45 p.m.
WHERE: Zoom

About the Gulf of Maine Research Institute:
The Gulf of Maine Research Institute develops and delivers collaborative solutions to global ocean challenges. Located in Portland, ME, the institute is dedicated to the resilience of the Gulf of Maine ecosystem and the communities that depend on it. For more information, visit www.gmri.org.

Federal government seeking feedback ahead of Gulf of Maine offshore wind auction

May 13, 2024 — As Maine is still figuring out where to build a port for its budding offshore wind industry, the U.S. Department of the Interior announced its proposal to auction offshore wind leases in the Gulf of Maine April 30.

As part of the Biden administration’s efforts to drive more offshore wind development, the Gulf of Maine is slated to have eight lease areas offshore Maine, Massachusetts and New Hampshire, which have the potential to generate 15 gigawatts of clean energy to power more than 5 million homes, according to a news release from the Bureau of Ocean Energy Management (BOEM).

“We’re taking decisive action to catalyze America’s offshore wind industry and leverage American innovation to provide reliable, affordable power to homes and businesses, all while addressing the climate crisis,” said U.S. Secretary of the Interior Deb Haaland.

Read the full article at NH Business Review

MAINE: Nordic Aquafarms loses bid to use eminent domain to secure land for Maine RAS

May 8, 2024 — Nordic Aquafarms has lost a key vote by the Belfast, Maine, U.S.A. city council, adding yet another roadblock to the company’s goal of building a salmon recirculating aquaculture system (RAS) in the city.

In a 5–0 decision, the Belfast city council vacated its 12 August 2021 move to use eminent domain to give Nordic access to a key piece of intertidal land. The vote followed an earlier meeting in April 2024 that saw the council vote to have Belfast City Attorney Kristin Collins draft an order of vacation, which was approved on 7 May.

Read the full article at SeafoodSource

8 Gulf of Maine sites picked for possible commercial offshore wind leases

May 2, 2024 — The federal government is proposing eight areas in the Gulf of Maine as possible sites for commercial offshore wind farms.

The proposed lease areas cover about 1 million acres and have the potential to generate 15 gigawatts of energy, enough to power five million homes, the Bureau of Ocean Energy Management (BOEM) said Tuesday.

Two of the sites, encompassing nearly 254,000 acres, are off the Maine coast. The remaining six are located off Massachusetts.

In choosing the lease sites, BOEM said it wanted to avoid offshore fishing grounds and transit routes for ships. The eight proposed sites represent about half of the 2 million acres that BOEM chose as its “final wind energy area” for the Gulf of Maine, which the agency announced last month.

Read the full story at the Bangor Daily News

MAINE: Maine’s wharf owners scramble to repair what they can before lobstering season starts

May 1, 2024 — Chris Hole was busy at work on a sunny Friday morning, taking apart his commercial fishing wharf like a game of Jenga.

After pulling up the surface wooden slats, Hole used a fork lift to lower large wooden beams down to the deck. Josh Saxton, Hole’s right-hand man, would then slip between the large gaps in the deck to put the support beams in place.

Hole owns Henry Allen’s Seafood, a wholesaler and retailer with a commercial wharf that was battered by the series of storms in January that swept away many working waterfronts along Maine’s coast. The storms flooded Henry Allen’s historic buildings and wiped out the dock’s seawall. At a quick glance from above, Henry Allen’s wharf doesn’t look all that bad. But most of the repair work is invisible, the pummeled structure hidden beneath the surface of the deck.

Hole is of course familiar with storms.

Read the full article at the Press Herald

MAINE: Federal government seeking feedback ahead of Gulf of Maine offshore wind auction

May 1, 2024 — As Maine is still figuring out where to build a port for its budding offshore wind industry, the U.S. Department of the Interior announced its proposal to auction offshore wind leases in the Gulf of Maine Tuesday.

As part of the Biden administration’s efforts to drive more offshore wind development, the Gulf of Maine is slated to have eight lease areas offshore Maine, Massachusetts and New Hampshire, which have the potential to generate 15 gigawatts of clean energy to power more than five million homes, according to a news release from the Bureau of Ocean Energy Management.

“We’re taking decisive action to catalyze America’s offshore wind industry and leverage American innovation to provide reliable, affordable power to homes and businesses, all while addressing the climate crisis,” said U.S. Secretary of the Interior Deb Haaland.

Read the full article at the Maine Morning Star

Sea off New England had one of its hottest years in 2023, part of a worldwide trend

April 29, 2024 — The sea off New England, already warming faster than most of the world’s oceans, had one of its hottest years on record in 2023.

The Gulf of Maine, which abuts New England and Canada, had an annual sea surface temperature nearly 2 degrees Fahrenheit above normal last year, scientists with the Portland, Maine-based Gulf of Maine Research Institute said Monday. The institute said it was the fifth-warmest year on record for the Gulf of Maine, a body of water critical to commercial fishing and other maritime industries.

The Gulf of Maine has emerged as a case study for the warming of the world’s oceans in the last 10 years, and the research institute said in a statement that last year’s warming was “consistent with the long-term trend of increasingly warm conditions driven primarily by” climate change.

The early portion of the year was especially warm, said Dave Reidmiller, director of the Climate Center at the Gulf of Maine Research Institute.

Read the full article at the Associated Press

How New England entrepreneurs are creating skincare from lobsters

April 28, 2024 —  Re-envisioning the fishing industry to make it more sustainable and environmentally friendly. It’s a movement that started in Iceland. And now, it has inspired a similar collaboration here in New England.

The New England Ocean Cluster in Portland, Maine is trying to harness the wonders of the ocean and power the blue economy.

It was spawned by Patrick and Janeen Arnold after a visit to Iceland.

“We found at the Iceland Ocean Cluster something new, something novel,” says Arnold. “An energy where people were sharing principles and values in business.”

The Ocean Cluster brings people with common goals together to spark innovation.

Read the full article at CBS News