National Fisherman


At nearly 90 years old, one of Tacoma’s last major shipyards may be closing down for good next month.
 
J.M. Martinac Shipbuilding Corp. faces a foreclosure auction of its Thea Foss Waterway shipyard July 18 on the County City Building entry plaza unless it finds new business or an angel investor to pay some $415,000 in payments and fees overdue on a $5.4 million loan its owners signed in December 2012.
 
The shipyard also owes Pierce County some $13,429 in property taxes for the last three years.
 
The shipyard, which has constructed 256 vessels since its beginning in 1924, reportedly is searching desperately to find new construction work to fill its ways at 401 East 15th Street on the east side of the Foss Waterway.
 
The shipyard’s last project, a 184-foot state-of-the-art longline fishing vessel called the Northern Leader, left the shipyard a year ago. Martinac built that fishing vessel for Lynden’s Alaskan Leader Fisheries.
 
Read the full story at News Tribune>>

Inside the Industry

Governor Bill Walker has officially requested that the federal government declare a disaster for four Alaska regions hurt by one of the poorest pink salmon returns in decades.

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The New England Fishery Management Council recently elected Dr. John F. Quinn of Massachusetts and E. F. “Terry” Stockwell III of Maine to serve respectively as chairman and vice chairman in the year ahead. The two have led the Council since 2014 but reversed roles this year. 

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