The average per-pound price in 2019 was a whopping $4.82, the highest since Maine began tracking lobster hauls back in 1880.
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Posted inBusiness, Maine, News
State reverses course, leaves menhaden fishery open
Maine will create a commercial menhaden fishing license in 2021, but it won’t close the growing bait fishery as previously planned.
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Posted inBusiness, Maine, News
Maine company envisions using lobster blood in new drugs
Lobster Unlimited of Orono is investigating whether the crustacean’s circulatory fluid can be a potential weapon against viruses and cancer.
Posted inBusiness, Maine
Maine’s plan to protect whales falls short, regulators say, raising prospect of federal rules
The National Marine Fisheries Service says the state’s proposal to keep endangered right whales from getting entangled in lobstering gear doesn’t go far enough.
Posted inBusiness, Maine, News
Maine wants to ‘put the brakes on’ fast-growing lobster bait fishery
The Department of Marine Resources wants to close the pogy fishery to newcomers for 2 years while it crafts a new management and enforcement plan.
Posted inBusiness, Maine, News
China trade deal could help Maine lobster industry
The deal requires China to spend $32 billion over next 2 years on U.S. agricultural goods, which could include lobster.
Posted inBusiness, Maine
Maine’s final plan to protect whales includes fewer lines, and a little slack, for lobstermen
The state proposal calls for the use of weak rope, fewer buoy lines carrying more traps in deeper waters, and flexibility to approve alternative protections to sustain fishermen and regional fishing traditions.
Posted inBusiness, Maine, News
The decade in Maine business and economy
From the depths of the Great Recession, Maine’s economy began a steady rebound that has allowed some industries to flourish despite a growing worker shortage.
Posted inBusiness, Maine, News
Court upholds national monument designation off New England coast
Fishing groups objected to the Northeast Canyons and Seamounts Marine National Monument because it restricts where they can fish.
Posted inBusiness, Maine, News
Fishermen hope Mainers get hooked on ugly – but delicious – monkfish
The underappreciated species is highlighted in a food demonstration next month, part of a series to interest local seafood lovers in Maine’s diverse catch.