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

BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025