Sealord inks deep-sea fishing deal

Sealord and Ngati Kahungunu have signed a fishing deal that they say will provide certainty for both, and increase returns to the North Island iwi.

The Nelson and Auckland-based seafood giant is also hinting that it might mean more investment in its fleet.

For five years with a renewal clause, the agreement will see Sealord catching Ngati Kahungunu's deepsea quota. Neither party would talk specifics other than to say that the iwi would receive more than a million dollars a year from the current catch entitlement of 2100 metric tons.

Click here to read the full story from Nelson Mail >


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