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Alaska commercial fishing news and notes
About me
- Deckboss
- I'm a journalist covering Alaska's commercial fishing industry. My real name is Wesley Loy. Reach me at wloy61@gmail.com.
Blog archive
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2024
(283)
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October
(22)
- Factory trawler hit with $122K penalty
- Tad Fujioka crosses the bar
- MSC victory for Alaska salmon
- No on Ballot Measure 1, says PSPA
- Personnel file
- Do we have a harbor porpoise problem?
- A turning point for Prince William Sound herring?
- A herring heads-up
- A gruesome year for Prince William Sound seiners
- 4 million pounds of cod up for grabs at Chignik
- Remember the Storis?
- Farewell to a famous boat
- The situation with the halibut survey
- Man overboard at Chignik
- Trident to deal Kodiak plant to Pacific Seafood
- Ship in distress at Unalaska
- Halibut all year in British Columbia?
- Debating fish
- Snow crab comeback!
- Potential victory for the troll fishery
- Whither Peter Pan?
- Foreign coast guard vessels reported in Bering
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October
(22)
12 comments:
Nice to see a buyer that has some size to them, rather than a grifter.
Interesting to sell from one Bundrant to another. Merely a transfer of assets within the family.
A Bundrant owns Pacific Seafood? is there anything online that shows this?
Pacific Seafood is one of the largest seafood companies in North America. The family-owned business expanded to become one of the largest vertically integrated seafood processing and distribution companies in the United States. Pacific's president and CEO, Frank Dulcich, is the grandson of the company's founder, also named Frank Dulcich.
Little love lost between the two families. It's such a shame to see Trident slowly dismantling itself and it's probably not over yet. But maybe it's for the best. Running big operations in Alaska takes top people with Alaska operations experience. Trident was No. 1 in this area as compared to, say, OBI. But those days have passed as most have died, retired or moved on.
Joe's sister is married to Dulcich.
https://www.intrafish.com/news/wedding-draws-bundrant-dulcich-families-closer/1-1-551800
Would be nice if IntraFish or others mentioned this. It's newsworthy.
I do not blame Joe Bundrant. His dad wanted to be the king of Alaska fishing, he does not. The family could sit on a few billion and make way more money with less risk or public attention. Bundrant is going to cash out everything besides pollock and eventually cash out the pollock to CDQ.
Completely agree. And he should cash out. Enjoy life! His family earned it.
Trident rose to the top led by Chuck. He recognized that the strength of the company was dependent on the fish resources in Alaska. So, as the company grew, he began to bring in people and grow people that were the best operations managers in Alaska. They are now gone and probably can't be replaced.
The industry as a whole has a lack of competent management. Pollock in the Bering Sea is the easiest to deal with. Dependable harvests and a rationalized fishery. So, it does make sense for Trident to devolve into a Bering Sea pollock processor. And if crab makes a comeback, well, that is also a rationalized fishery and would fit right into a slimmed down Trident.
The problem as I see it is Joe has never been a fisherman like his dad and could care less about the industry. Chuck had the best people working for him and it showed. I really don't know what to think about Trident's game plan anymore.
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