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Commercial fishing firm to locate to NMI
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Posted on Aug 30 2005
A Seattle-based commercial fishing company has secured needed permits to begin long-line fishing activity in the CNMI.
Commerce economic development officer Glen Manglona said yesterday that the operator, Lady Kimberly, is applying for a loan guarantee from the Commonwealth Development Authority.
“It has secured all permitting requirements. We are working with CDA on the guarantee,” said Manglona.
He said Lady Kimberly representatives led by Courtney Klichty will be arriving on Saipan next month to meet with CDA officials.
Manglona said the company would be selling its products to the U.S. mainland and Japan.
Long-line fishing is a commercial fishing technique that uses hundreds or even thousands of baited hooks hanging from a single line.
It usually catches swordfish, tuna, and others.
“This is an alternative industry. We welcome this type of operations because we haven’t tapped the vast ocean to our economic benefit,” said Manglona.
In relation, Manglona said that a UK-based company, Neptune Resources, earlier submitted a proposal to explore the seafloor in the Northern Marianas for minerals such as copper, gold, and lead.
“They came here already. They’re looking forward to establishing an office here,” he said.
He said this proposal is a $10-million operation.
