EXPANSION OF THE NORHTERN SHRIMP FISHERY
The Northern Shrimp Fishery was originally conducted from the Davis Strait to the Flemish Cap by offshore factory trawlers. In 1997 the Total Allowable Catch (TAC) was increased by 21,500 tonnes. Almost half of this increase, 10,580 tonnes, was a first time allocation to the inshore sector (vessels less than 65 feet in length). Inshore shrimp landings and value in 1997 are estimated at 6,000 tonnes and $8.6 million respectively. Approximately 85 inshore vessels participated in this fishery, most of which had traditionally been dependent on groundfish. As well, Newfoundland and Labrador offshore licence holders received additional shrimp allocations in 1997.
INVESTMENT AND EMPLOYMENT
|
The allocation of shrimp to the inshore has generated new employment and investment opportunities both onshore and at sea. Both harvesters and processors are making considerable investments to convert their operations to handle northern shrimp.
PROSPECTS FOR 1998
The outlook for shrimp in 1998 is positive. It is anticipated
that an additional 450 harvesters will pursue this resource, resulting in additional
investment, employment and earnings. It is also anticipated that the length of the inshore
shrimp season will be extended. The crab fishery is also expected to post a solid
performance in 1998. Together, these two species, crab and shrimp, will continue to form
the backbone of the Newfoundland fishery in the near future.
Main Page Contents Previous Next