Maritime Injury Law BlogPublished on:
Fishing Company of Alaska Sells Vessels
The Fishing Company of Alaska (Renton, Washington) has sold its three remaining factory trawlers and catch quotas to Ocean Peace and O’Hara Corporation.
Mike Faris, CEO of Seattle-based Ocean Peace, confirmed that his company will purchase two of the trawlers and catch quotas. O’Hara Corporation Vice President Frank O’Hara Jr. said his company will purchase one trawler and half of the fishing quotas, giving the company a more diverse harvest that includes higher-priced species.
Purchase prices for vessels and quotas have not been disclosed.