National Fisherman


A glut of lobsters has driven down the price of the prized crustacean in the Maritimes, leaving fishermen scrambling for ways to prop up their earnings.

The lobster industry — worth about $580 million in the region — has been battered in recent years, with prices dropping by a third within the last three years.

Prices are hovering around $3 per pound, down from $4.50 per pound in 2009, according to the Lobster Council of Canada.

Read the full story at Chronicle Herald>>

Inside the Industry

(Bloomberg) — After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the towel.

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(Bloomberg) — Millions of dead fish stretched out over 200 kilometers of central Vietnamese beaches are posing the biggest test so far for the new government.

The Communist administration led by Prime Minister Nguyen Xuan Phuc has been criticized on social media for a lack of transparency and slow response, with thousands protesting Sunday in major cities and provincial areas.

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