Saving Seafood

MASSACHUSSETS: Cape Seafoods nets nearly $500K to grow and diversify

September 16, 2022 — The predominately family-owned and -operated Cape Seafoods Inc., a major presence on Gloucester’s working waterfront, has received nearly $500,000 in loans from MassDevelopment as its business hires and diversifies.

The company has received a $395,542 loan from the CARES Act Revolving Loan Fund and an $86,458 equipment loan from MassDevelopment, the agency said in a prepared statement.

Cape Seafoods’ sprawling Atlantic mackerel and herring processing plant, cold storage facility and wholesale bait shop dominate much of the Everett R. Jodrey State Fish Pier where Western Sea Fishing’s midwater trawlers FV Endeavour and FV Challenger are tied up. Western Sea Fishing is Cape Seafoods’ fishing partner.

With the funding, MassDevelopment said Cape Seafoods plans to create an additional eight full-time jobs and 10 part-time jobs over the next three years. The company will use the funding to build and equip a new seafood processing room enabling it to process groundfish such as flounder, hake, halibut, and cod.

Read the full article CNHI

Over a bait barrel: Cuts in herring quota fueling rise in lobstermen’s costs

February 27, 2019 — When, on Feb. 15, NOAA Fisheries finalized a rule that cut the 2019 Atlantic herring quota by more than half from the previous year, the reverberations were felt instantly from Maine to the mid-Atlantic and in at least two separate but interlocked fisheries.

In Gloucester, Gerry O’Neill of Cape Seafoods studied the numbers and blanched, knowing they represented a talisman of misery for the company’s associated mid-water trawlers that harvest herring and Cape Seafoods’ bait business that helps supply lobstermen in the state’s most lucrative lobstering port.

“These cuts are infrastructure killers,” O’Neill said. “Certainly, not everybody’s going to come out unscathed. We’ll keep going, but I’m not entirely sure how yet.”

Across the Everett R. Jodrey State Fish Pier, where Johnny “Doc” Herrick ties up his F/V Dog & I, the longtime lobsterman absorbed the numbers and came to a simple conclusion: Bait was going to start getting scarce and prices — even for alternatives from herring, such as the redfish heads and hide skins Herrick often uses — were about to head north.

“We’re going to have to catch a (loads) of lobsters just to pay for the bait,” Herrick said. “Who knows how high the prices will go.”

Read the full story at the Gloucester Daily Times

MASSACHUSETTS: Gloucester looks to up seafood matchmaking

January 28, 2019 — The city continued its outreach to Gloucester seafood businesses on Thursday, hoping to bolster its presence — and the array of fresh Gloucester seafood products — at the upcoming Seafood Expo North America in Boston.

Mayor Sefatia Romeo Theken and other city officials met at City Hall with executives from Mortillaro Lobster Inc., Intershell and Cape Seafoods and its North Atlantic and Pacific Seafood subsidiary to expound on the benefits of attending one of the largest seafood shows in the world.

In a sense, the city was preaching to members of the choir. Intershell and Cape Seafoods already have booked their own booths at the show, which is set to run March 17 to 19 at the Boston Convention & Exhibition Center in South Boston.

Read the full story at the Gloucester Daily Times