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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.
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2015
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April
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- Big news for Dutch Harbor
- Beautiful beast
- It's on at Togiak!
- And the winners are...
- Copper River Seafoods acquires Naknek plant
- Nice save
- Jerry McCune re-elected UFA president
- North Pacific Council makes two big decisions
- Make of it what you will
- Is Bristol Bay marketing association in turmoil?
- Horrible news out of Russia
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April
(11)
19 comments:
"We're gonna need a bigger boat!"
Lots of shiny new metal headed north this year...let's raise the length limit to 38' to get the ol' length to beam ratio a little more on the efficient side.
Looks like the owner ran out of money when it came time to buy an anchor.
And windshield wipers.
last two comments are from jealous babys
The two comments about the anchor and the wipers were clearly written by people who are ignorant of how Bristol Bay boats (and anchors) work. These people are classic cases of intellectual laziness and willful ignorance. When they see something they don't understand, the default is to attack it rather than try to learn what's really going on. I bet they spend a lot of time watching Fox News--the stomping grounds of the mindfully stupid.
looks like a sweet boat. Just hope he an oil service charter for August -May.
Impressive fabrication and design; kind of like the Fred Wahl builds - aesthetics and graceful lines have taken a backseat to maximum efficiency and ease of welding.
Such time and skill into the hull, but it looks like the mast was an afterthought.
It still boggles my mind how these guys can pay for $400k plus boats with ~$1/Lb. prices.
Does the production and speed gained by such an investment really have a direct correlation to increased earning potential? Or, does it pretty much hit a ceiling - and everything after that is just "bling" factor?
Jeff knows what he is doing. That is the right anchor to use. Wipers are an maintenance headache after a couple of years. It works better to designate one deckhand as the Rainex man.
More like 600k, but I suppose selling your old boat for half that takes a bit of sting out of it. Nice rig!
For those of you that don't know that anchor Jeff's using is a Bruce, the best mud grabbing anchor that money used to be able to buy! He was probably smart enough to take it off his old boat before he sold it.
Nice boat Roguey !
Obviously a lot of guys who hang
out here have never heard of a
CCF or a tax write off.
Nice looking boat. I'm always trying to figure out how guys justify spending $600-700K on a boat to fish salmon for 6 weeks/year. Especially at prices for sockeye we were getting in the industry 30 years ago. Must be money coming in from somewhere else? I remember the big bow/sternpicker AllPoints, triple jet drives, that came into the Bay some years back, and that boat was up on the market in about 3 years or so. At some level, these things still need to make economic sense. Good luck though.
Everyone one of these bay boats are basically custom works of fabrication; you wonder when someone will figure out how to injection mold the entire thing then pop in an interior and hydro/wiring-harness. Could build 100 a year. By the way, ccf's are for big boats. Not worth the admin burden or increased audit risk unless the fund is well north of 1M.
CCF's are for any sized boat, any dollar amount , myself and half the gill netters I know have a CCF .
Mine is minimal paper work every year.
"Injection mold"?.......it's a boat not a bath tub
what is a CCF?
capital construction fund
The market isn't big enough with so many boats already out there. You wouldn't be able to sell them. That being said the Bristol bay fleet is aging and new boats are WAY too expensive for most people. The average Joe wouldn't be able to buy a mass produced boat because of the need for a $100k (probably wrong) permit. These new giant boats that are coming out are owned by very successful people from all walks of life. From doctors that go commercial fishing for a vacation to owners of various fleets of boats fishing different runs or the average Joe who started with that $10k Rawson and worked his butt off. These custom works of fabrication really is all that is going to be seen until there is another need for boats built similar to the rawsons (that are 32 foot bath tubs lol) built in the 80's.
In a 16 hour opener our boat that holds 13k lbs was able to put in 46k lbs being able to hold twice that amount could double the profit. It means less time wasted driving and waiting in line to deliver costing up to 4 hours due to the heavy fishing and tender availability I have seen people sit on anchor unable to fish because their boat is full. Being able to afford a boat like this and knowing how to fill it will result in direct profit.
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