Wednesday, February 06, 2008

SEAK Purse Seine Fleet Consolidation Proceeds

Fleet Consolidation steps up the pace

In late December Congress appropriated $235,000 to the National Marine Fisheries Service to establish a loan program for the Southeast Revitalization Association, not to exceed $23.5 million dollars.

In late January, the ADFG determined that the existing $2.88 million grant through the SSSF funds could go to a fully agreed upon program to do a reverse auction to achieve nearly a 10% reduction in permits prior to finishing up the remaining permits with the loan program through this coming fall and winter.

The Southeast Revitalization Association will be meeting soon and we will have concurrent discussions with the SEAS board at our annual SEAS Board meeting on March 1,2,3.

If you have any questions do not hesitate to call the SEAS office at (907)463-5030.

Stay tuned for fleet consolidation action imminently this spring.

warmest regards

bobbyt

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