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Article: Fishing Rights Ceded to Seattle-Based Companies and Alaska Native Groups.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 19, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Hal Bernton, The Seattle Times Knight Ridder/Tribune Business News
Nov. 19--Under legislation approved last week, Congress ceded rights to the nation's biggest-dollar seafood harvest to Bering Sea trawl-vessel operators and processors.
The legislation grants exclusive rights to the pollock harvest, which yields $700 million annually in processed products. The beneficiaries include Seattle-based fishing companies and Alaska Native groups. Japanese-owned processors also have a big stake in the harvest.
Though pollock is a public resource, a House-Senate conference committee awarded the rights without any requirements for royalty payments to ...