Written by Linc Bedrosian
Sitka-based Silver Bay Seafoods has acquired property in Bristol Bay for a new processing operation there. The company plans to sell shares in the operation to raise the USD 25 million (EUR 18.8 million) needed for construction. Beginning in 2014, Silver Bay hopes to process large portions of the Bristol Bay driftnet salmon fishery, and the Togiak sac-roe herring fishery.
The first announcement that Silver Bay Seafood's was planning to open a processing facility in Bristol Bay came in late November on the Deckboss blog run by veteran Alaska journalist Wesley Loy. The company has purchased 8-acres of industrial zoned property on the Naknek River adjacent to the Leader Creek Seafood's facility, and plans to construct a high-volume processing plant on that land that will have the daily capacity to process and freeze 2.4 million pounds of salmon and 900 tons of herring.
To pay for construction of the plant Silver Bay Seafoods is offering to sell ownership interest for USD 25,000 (EUR 18,833) for each one-tenth of one percent of the new company called "Silver Bay Seafood's-Naknek LLC."
Read the full story at Seafood Source>>
The following was released by the Maine Department of Marine Resources on Jan. 22:
The Maine Department of Marine Resources announced an emergency regulation that will support the continued rebuilding effort in Maine’s scallop fishery. The rule, effective January 23, 2016, will close the Muscle Ridge Area near South Thomaston and the Western Penobscot Bay Area.Read more...
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