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Category: Business & Economics

Guest Column: 2020 — The Year of Challenges

Posted on January 5, 2021January 5, 2021 by Jeff Bennett in Business & Economics

I ended last year’s guest column optimistically looking ahead to 2020, to ending the uncertainties of 2019. Few could have predicted that in addition to ongoing trade policy challenges, the world would face a global … Continue reading →

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Guest Column: Marketing Campaign Boosts Maine Lobster

Posted on November 25, 2020November 25, 2020 by Marianne Lacroix in Business & Economics

As we approach the end of 2020, a year most of us are glad to see go, it’s a good time to review the results of the Maine lobster marketing program.As background, the Maine Lobster … Continue reading →

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Lobster Stock Assessment Grim for Southern New England

Posted on November 25, 2020November 25, 2020 by MLA Staff in Business & Economics, Science

The 2020 American Lobster Benchmark Stock Assessment was released in November by the Atlantic States Marine Fisheries Commission. The study, undertaken every five years, presents contrasting results for the two American lobster stock units, with … Continue reading →

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Despite Uncertain Start To Fishery’s Season, Lobster Rolls On

Posted on November 10, 2020November 10, 2020 by Laurie Schreiber in Business & Economics

Stonington lobster fisherman John Williams usually hauls his boat out in February for annual maintenance and paint in preparation for the start of the spring fishing season. “Then COVID started,” he says. The health emergency … Continue reading →

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$2.5 Million Investment To Grow Seafood E-Commerce

Posted on November 10, 2020November 10, 2020 by Melissa Waterman in Business & Economics

In October, Luke’s Lobster and the Island Institute, a non-profit organization based in Rockland, received a $2.5 million grant from the Silicon Valley Community Foundation of California to build new markets for Maine’s seafood while … Continue reading →

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Tariff, Economic Relief Come To Lobstermen

Posted on October 1, 2020October 1, 2020 by Melissa Waterman in Business & Economics

The Maine lobster industry has faced more than its share of challenges over the past few years. The industry has weathered unfavorable trade regulations which have made Maine lobster less competitive in the European and … Continue reading →

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Business 101: All Debt is Not Created Equal

Posted on September 9, 2020September 9, 2020 by Michael Godin in Business & Economics

For any business, managing debt and cash flow is crucial to survival. Commercial fishing is not any different. The Covid-19 pandemic has shed a light on the issue, particularly for those companies that have done … Continue reading →

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Effect of Canada-EU Trade Agreement on U.S. Lobster Exports Subject of Investigation

Posted on September 9, 2020September 9, 2020 by MLA Staff in Business & Economics

On August 24, the U.S. International Trade Commission announced it will investigate the possible negative effects of the Canada-Europe Trade Agreement (CETA) on American lobster exports. The commission said it will investigate the overall economic … Continue reading →

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Guest Column: MLMC aims to inspire more home lobster cooks

Posted on September 8, 2020September 8, 2020 by Marianne Lacroix in Business & Economics

We are well into peak lobster season in Maine, so it’s timely to share an update on the MLMC’s marketing activities and the pivots we’ve made due to the impacts of the pandemic. Our primary … Continue reading →

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Lobster Marketing Shifts During COVID-19

Posted on September 8, 2020September 10, 2020 by Melissa Waterman in Business & Economics

When COVID-19 seemingly shut down the world this spring, ripples of concern spread through the Maine lobster fishery. Large-scale purchasers of lobster, such as restaurant chains, casinos, cruise lines, and others, closed down in order … Continue reading →

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