BuyBack Program for Non-Whiting Trawl Fleet Continues to Generate Excessive Costs with no Relief
SEAFOODNEWS.COM [SeafoodNews] by Peggy Parker - June 22, 2017
The West Coast non-whiting groundfish trawl fleet has paid back $29.8 million on the $28.4 million buy-back loan issued in 2003, but still owes $24.2 million and is looking at an additional $10 million fee to refinance.
SeafoodNews reported on the disastrously implemented buyback loan last year. Since then, "there has been...
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