Two Seattle Fixed Gear Fishing Companies Looking For Buyers During Uncertain Times

Two largest US Pacific cod catchers eye package sale

Tom Seaman - Undercurrent News

 The Newly Christened F/V Blue North Departing Home Port - Seattle

The Newly Christened F/V Blue North Departing Home Port - Seattle

The two largest US Pacific cod longline fishing companies are exploring a sale as a package, amid tough times in the Alaskan sector with lower quotas, according to Undercurrent News sources.

Clipper Seafoods and Blue North Fisheries, which have 20% and 17.5% of the longline portion of the dramatically reduced Pacific cod total allowable catch (TAC) respectively, have engaged an investment bank to advise on a possible sale, sources said.