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
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
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
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
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
It can be hard to think of the future and retirement when you are so busy working as a commercial fisherman every day, but I learned early on that the only person who is going … Continue reading
In late January, the Lobster Institute hosted the annual Canada/US Lobster Town Meeting, held for the first time during the winter in Moncton, New Brunswick. Coming off a big 2019 in the lobster sector, the … Continue reading
On June 24, President Trump signed a memorandum calling on the U.S. Department of Agriculture to make available to the lobster industry subsidies like those given to soybean and other agricultural farmers. Maine’s Congressional delegation … Continue reading
Think about the fishermen who seem to do well when prices drop or bait and fuel costs go up. They always seem to do OK while others struggle. This doesn’t mean they necessarily fish harder … Continue reading
Sometimes we find ourselves in a business and realize that we got there without a lot of intentional planning. Maybe we eased into the business with someone else, or really started our operations as a … Continue reading
