Northline Seafoods today unveiled plans to build a vessel, the Hannah, that the company says will "revolutionize" Bristol Bay salmon processing. This press release lays out more detail on the project, including its financing.
Bristol Bay processing is consolidating. A new small player cannot compete with the economics/low costs of Silver Bay. If you can't compete with their manufacturing economics, then you better have a real niche program that sets you apart from SBS and the other big boys. This program really doesn't present anything unique, other than transporting the product on the same barge that produced it. There is a pretty good chance that the taxpayer will be picking up the loan guarantee.
Not sure how this would revolutionize anything, dint get me wrong more processing is better but isn't all frozen round a step into the past?
ReplyDeleteNot if your feeding china
ReplyDeleteI am going to open a saltery next year and put salted fish in a wooden barrel. Likely to get US gov't money for this project. Message me for details.
ReplyDeleteBristol Bay processing is consolidating. A new small player cannot compete with the economics/low costs of Silver Bay. If you can't compete with their manufacturing economics, then you better have a real niche program that sets you apart from SBS and the other big boys. This program really doesn't present anything unique, other than transporting the product on the same barge that produced it. There is a pretty good chance that the taxpayer will be picking up the loan guarantee.
ReplyDeleteWe hear the floating processor Cape Greig might no longer work in Bristol Bay.
ReplyDeleteCan anyone confirm?
400 feet by 1oo feet.
ReplyDeleteHere's a press release that further elaborates on financing for the Northline processing barge:
ReplyDeletehttps://www.prnewswire.com/news-releases/northline-seafoods-bringing-new-innovations-to-fishing-industry-thanks-to-usda-guaranteed-financing-completed-by-greater-commercial-lending-301690287.html