National Fisherman

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>>

Inside the Industry

NMFS has awarded 16 grants totaling more than $2.5 million as part of its Bycatch Reduction Engineering Program.

The program supports the development of technological solutions and changes in fishing practices designed to minimize bycatch and aims to to find creative approaches and strategies for reducing bycatch, seabird interactions, and post-release mortality in federally managed fisheries.


Abe Williams, who was elected to the Bristol Bay Regional Seafood Development Association board last spring, has been selected as the new president as of September.

Williams fishes the F/V Crimson Fury, and is president of Nuna Resources, a nonprofit that supports sustainable resource development in rural Alaska, including fighting for an international solution to issues raised by the proposed Pebble Mine project.

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