Red Lobster considering bankruptcy filing: report
Johnny Roger’s owner Barrett Dabbs details how his Concord, North Carolina, barbecue and burger joint, Verney & Co., is being hurt by inflation. red lobster is reportedly considering filing for bankruptcy to ease the financial pressures on the company. according to Bloomberg reporting Red Lobster is considering filing for Chapter 11 bankruptcy protection to deal […]
US lobster industry grapples climate change, whale protection regulations as catches drop
The lobster fishery saw a significant drop in catch in 2023, down more than 5% compared to the previous year. This decline in lobster catches, totaling 93.7 million pounds, is believed to be due to a variety of challenges, including climate change and new regulations. Despite slightly lower feed and fuel prices, lobster catches were […]
Lobster fishermen claw at ‘unconstitutional’ boat tracking mandate
A group of lobster fishermen has sued fisheries regulators in federal court, arguing that new electronic monitoring requirements designed to protect rare whales violate the constitution. The new rules went into effect on Dec. 15 and require fishermen with federal lobster fishing licenses to install 24-hour electronic tracking devices on their boats. The Maine Department […]