Business and Economy

Herring fishery
12:22 pm
Fri October 24, 2014

Feds Close Part of Gulf of Maine Herring Fishery

PORTLAND, Maine - The federal government is shutting down the Atlantic herring fishery for part of the Gulf of Maine until May.

The National Marine Fisheries Service is projecting that the fishery has already exceeded 92 percent of its total allowable catch for October, November and December in the inshore Gulf of Maine area. The service says the fishery will close Sunday and remain closed until May 31, 2015.

Nova Star
11:08 am
Fri October 24, 2014

Nova Star Sees Surge in Motor Coach Bookings

PORTLAND, Maine  — The company that runs the Nova Star ferry between Portland, Maine, and Yarmouth, Nova Scotia says it has already received advance bookings for 43 motor coaches in 2015.

The company said fewer than 20 motor coaches took the trip during the inaugural 2014 season.

Nova Star Cruises says it expects to book even more of the luxury buses for next season because company officials plan on attending several trade shows this fall.

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Elver quotas
5:23 pm
Thu October 23, 2014

Panel Recommends Cut in Maine's Elver Quota

Tiny glass eels, know as elvers, squirm in a Maine fisherman's net.
Credit Patty Wight / MPBN

PORTLAND, Maine - The group that manages commercial fisheries in the Atlantic states is recommending a nearly 2,000-pound cut in the catch limit for glass eels in Maine. Under the suggested rule change, fishermen would be able to catch a total of 9,688 pounds of elvers in each of the next three seasons. That was the total number of glass eels hauled in this past season, despite a 2014 quota of over 11,000 pounds.


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Poland Springs
4:56 pm
Thu October 23, 2014

Maine Regulators Approve Water Deal for Poland Spring Bottler

AUGUSTA, Maine - The Maine Public Utilities Commission says Fryeburg Water Co. can enter into a long-term contract to sell water to Nestle Waters, bottler of Poland Spring.

The commission ruled Thursday that the contract between the privately-owned utility and Nestle could benefit the utility's rate-payers. Nestle would pay higher rates than household customers.

The contract runs for 25 years. Renewals could make it 45 years. Nestle spokesman Mark Dubois says the deal provides the utility "a reliable source of income.''

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Elver quotas
4:31 pm
Thu October 23, 2014

Maine Elver Fishing Quota May Be Slightly Reduced

PORTLAND, Maine - Maine's baby eel fishermen might see a slightly reduced quota in 2015.

A federal regulatory panel is recommending a quota of 9,688 pounds of elvers next year. That would be a slight reduction from the quota of 11,749 pounds this year, the first time a quota was imposed. A spokeswoman for the Atlantic States Marine Fisheries Commission says the number reflects the amount of elvers caught in Maine this year.