The Portland Fish Exchange is partly earning funds by storing lobsters traps and bait. (Photo: Stock File/ FIS)
(UNITED STATES, 7/26/2010)
The city-owned Portland Fish Exchange is asking fishers for help to keep operating with increased fish landings. It has also reduced its payroll by 70 per cent, leased a third of its warehouse space and begun earning funds by storing lobster traps and bait.
But the Maine-based city needs fishers’ help now that fish landings have fallen by 55 per cent due to the strict new federal regulations that became effective on 1 May to do away with overfishing.
"We have been your partners in the fish business for 25 years and you have been able to trust the Exchange for fair, open trading. Now more than ever before, your support is needed for this important institution to remain operational," reads a letter signed by Mayor Nicholas Mavodones Jr and Fish Exchange President Kate Varian sent by...
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