Ice­wa­ter Seafoods still has plans for $15 mil­lion ex­pan­sion

Al­berto Ware­ham re­mains op­ti­mistic, de­spite lat­est news on north­ern cod

The Packet (Clarenville) - - Front page - BY MARK SQUIBB

Al­berto Ware­ham, pres­i­dent of Ice­wa­ter Seafood in Arnold’s Cove says re­gard­less of the news that the north­ern cod stock has de­clined since last year, he’s still seek­ing fund­ing for a $15 mil­lion three-year ex­pan­sion plan for his busi­ness.

“We’re con­tin­u­ing with our in­vest­ment plans pro­vid­ing we can get the fund­ing ap­proved,” Ware­ham told The Packet last week.

In a tech­ni­cal brief­ing in late March De­part­ment of Fish­eries and Oceans (DFO) sci­en­tist Karen Dwyer, stock as­sess­ment bi­ol­o­gist for north­ern cod, said the north­ern cod spawn­ing stock biomass had de­clined about 30 per cent from 2017 to 2018. A one-year pro­jec­tion shows a high prob­a­bil­ity of con­tin­ued de­cline in the stock for 2019.

The over­all stock is at 37 per­cent

MARK SQUIBB/THE PACKET

Al­berto Ware­ham, pres­i­dent of Ice­wa­ter Seafoods Inc. in Arnold’s Cove.

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