Business and Economy

Business news

Tom Porter / MPBN

PORTLAND, Maine - A 90-year-old, twin-masted schooner sailed into Portland harbor Thursday morning. The "Adventure," as she's called, arrived to pick up three tons of Maine-grown farm produce. She'll then depart for Boston at first light on Friday.

PORTLAND, Maine - Maine fishing regulators are proposing to trim 10 days from scallop fishing season along the state's southern coast.

The state Department of Marine Resources announced the proposed terms of the 2015-16 scallop season on Thursday. The southern scalloping zone would be reduced from 70 to 60 days. The Midcoast and eastern Maine zone would have 70 days, the same as last year. The far eastern zone, which includes scallop-rich Cobscook Bay, would remain at 50 days.

AUGUSTA, Maine - The final rates for the Affordable Care Act's marketplace insurance plans in Maine have been released.

Emily Brostek, of Consumers for Affordable Health Care, says the plans for 2016 have only minor rate increases, and some have even decreased to be more competitive. 

"Despite what we've seen in national news - a lot of scary stories about 30 percent increase in rates in some markets - we're not seeing that in Maine," Brostek says. "And that's fantastic news."

AUGUSTA, Maine - A Maine government survey shows the state's heating prices are continuing to slide downward.

The Governor's Energy Office said Thursday that the latest survey put the average statewide price at $2.08 a gallon. That's down another 9 cents over the last two weeks. The average kerosene price of $2.67 was nine cents lower and the average propane price of $2.21 was four cents lower.

The highest average price for heating oil in the state was $2.28 in northern Maine. The lowest average price of $2.01 was found in the southwestern part of the state.

Irwin Gratz / MPBN

PORTLAND, Maine - Developers offered a glimpse today of what a redeveloped Portland Company complex might look like.

Developer Jim Brady unveiled a couple of artist drawings that showed the more historic buildings on the site restored and a new, pedestrian corridor that would lead from Fore Street down steps to the waterfront.

Brady told a gathering this was in keeping with Portland's long-time desires for the site. "Number one among those is reconnecting the public to Portland's waterfront."