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.