National Fisherman

A federal judge has given final approval to BP's settlement with a bulk of businesses and individuals who lost money because of the 2010 oil spill in the Gulf of Mexico.

BP PLC has estimated it will pay $7.8 billion to resolve economic and medical claims from more than 100,000 businesses and individuals hurt by the nation's worst offshore oil spill. The settlement has no cap; the company could end up paying more or less.

U.S. District Judge Carl Barbier, who gave his preliminary approval in May, made it final in a 125-page ruling released Friday evening.

"None of the objections, whether filed on the objections docket or elsewhere, have shown the settlement to be anything other than fair, reasonable, and adequate," he wrote.

Read the full story at Claims Journal>>

National Fisherman Live

National Fisherman Live: 4/22/14

  • OSU study targets commercial fishing injuries
  • Delaware's native mud crab making recovery
  • Alaska salmon catch projected to drop 47 percent
  • West Coast groundfish fishery bill passes
  • Maine's scallop season strongest in years

Brian Rothschild of the Center for Sustainable Fisheries on revisions to the Magnuson-Stevens Act.

Inside the Industry

The South Atlantic Fishery Management Council is currently soliciting applicants for open advisory panel seats as well as applications from scientists interested in serving on its Scientific and Statistical Committee.

Read more...

The North Carolina Fisheries Association (NCFA), a nonprofit trade association representing commercial fishermen, seafood dealers and processors, recently announced a new leadership team. Incorporated in 1952, its administrative office is in Bayboro, N.C.

Read more...

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