Shrimp market remains strong

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In July, Makivik released the results from their 2017-2018 fishing year, announcing that prices for northern shrimp remain strong, they are increas­ing their market in Europe, and continuing to develop the China market where Northern shrimp is very popular.

Makivik received $7.2 million in royalties from its fishing partner Newfound Resources Ltd. for the 2017-2018 fishing year. Newfound Resources Ltd., in St. John’s, Newfoundland, and Makivik have been working together as partners for over 15 years.

In April, Makivik hosted its second four-week Offshore Shrimp Training Program in Salluit, Nunavik. The course is run by the Nunavut Fisheries Marine Training Consortium (NFMTC) in conjunction with the Marine Institute of Memorial University in St. John’s. It enables successful candidates to work on the offshore trawlers operated by Newfound Resources Ltd.