Fishing boat proposal labelled industry 'subsidy'

Fishing boat proposal labelled industry 'subsidy'
A final fishing industry transformation plan is currently being developed. (Image: Getty)
Oliver Lewis
A proposal for the government to support the renewal of the inshore fishing fleet has been branded as an inappropriate handout. However, industry body Seafood New Zealand said a collaborative approach between the industry and government will bring economic benefits to NZ.Its CEO, Jeremy Helson, said vessel owners and quota holders should pay the lion’s share for new boats, but government support to establish and bolster a domestic boatbuilding industry was an important catalyst.“Government and industry working collaboratively w...

More Primary Sector

Ravensdown likely to start passing on rising fertiliser costs
Primary Sector

Ravensdown likely to start passing on rising fertiliser costs

Absorbing rising global costs is no longer sustainable for the co-op in the long term.

Yashili runs at a loss for another year
Primary Sector

Yashili runs at a loss for another year

The Chinese-owned dairy processor has not turned a profit since 2019.

Synlait shares slump 11% even as outlook brightens
Primary Sector

Synlait shares slump 11% even as outlook brightens

The market is disappointed about manufacturing challenges. 

Rebecca Howard 30 Jul 2025