As part of their recent newsletter, the NMMA shared that the National Oceanic and Atmospheric Administration's (NOAA) Fisheries Service released the results of its rapid appraisal effort on the impacts of Superstorm Sandy on the commercial and recreational fisheries of New Jersey and New York.

The assessment considered impacts and uninsured losses for the bait, for hire, dealer, harvester, marina, and processor sectors. Uninsured losses for the two states are estimated to range from $155 to $198 million, with the average insurance coverage in New York at 35% and in New Jersey at 24%, indicating that insurance coverage for the fisheries sectors in the region was insufficient. Five million dollars in fisheries relief funding was included in the Superstorm Sandy Disaster appropriations bill, signed into law in January 2013.

NMMA will continue to provide updates as recovery and aid continues.

Related Posts

Princecraft Boats upgrade their facilities with an investment of over $4 million for the addition of a powder coating line


Princecraft boats on April 17, 2024, announced to their employees, a major investment in one of their three Princeville plants, which will include the installation of high-tech powder coating capabilities. The nearly $4 million upgrade marks the largest investment in Princecraft facilities since the early 2000s and will improve operational efficiency, product quality and better poise the company for response to demand.

Read More

Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.

The Hydrobike, a key concept that embodies a vision for the future

DECATHLON, determined to erase the boundary between land and water, introduces its latest forward-thinking concept: the HydroBike. This innovation from the French sports giant aims to democratize access to nature while staying ahead in the transformation of their business model. 

The initial assessment: paddle sports are often inaccessible to less experienced individuals, assuming the acquisition of paddling skills.

Read More

ACR Electronics emergency beacons are designed with one purpose: to save lives.

Hubbell-Marine Stainless steel outlet covers

An all-encompassing and dependable set of vital resources, ACR GlobalFix V5 AIS RLS EPIRB Survival Kits ensure security and survival in waterborne emergencies. The most advanced EPIRB (Emergency Position Indicating Radio Beacon) available, the ACR GlobalFix V5 EPIRB combines 406 MHz satellite connectivity with Automatic Identification System (AIS) functionality.

Read More