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

Dairy demand holds but supply surge may sink Fonterra's $10/kgMS forecast
Primary Sector

Dairy demand holds but supply surge may sink Fonterra's $10/kgMS forecast

Two more Global Dairy Trade auctions until Fonterra's first quarter update.

Less than 10% of Provincial Growth Fund loans repaid
Primary Sector

Less than 10% of Provincial Growth Fund loans repaid

Of nearly $366m paid out in loans, just over $34m has been repaid.

Michael Neilson 04 Nov 2025
Mammoth application for Santana gold mine
Primary Sector

Mammoth application for Santana gold mine

A 9,400-page submission targets what is said to be NZ's largest gold find in 40 years.

Pattrick Smellie 03 Nov 2025