Pond Inlet Booming

Baffin Fisheries trawlers Inuksuk I and Sivulliq made a rare joint appearance in Pond Inlet in August for quick crew transfers. After a quick turnaround, the vessels were back fishing.

Pond Inlet is a busy place in August. Baffin Fisheries Trawlers FV Sivulliq and FV Inuksuk I  both paid a visit to the hamlet, located in Eclipse Sound, at the northern tip of Baffin Island.

On August 22, the first sea lift of the season arrived, bringing much needed supplies, including the new HTO community Freezer building, funded by the Government of Nunavut Department of Economic Development and Transportation Community Freezer Program, and Baffin Fisheries

Baffin Fisheries is also constructing a new office building in Pond Inlet, to be used by Baffin Fisheries employees, the HTO, and commercial clients. Materials for the new building were shipped to Pond Inlet on the first sealift and construction is expected to be completed by

One half of the new Mittimatalik Community Freezer building makes its way from the beach to its new location in Pond Inlet. 

Pangnirtung Office Building Officially Opens

Baffin Fisheries Pangnirtung Office, overlooking Cumberland Sound

Baffin Fisheries’ new 3,000 square foot office in Pangnirtung was officially opening with a sealskin ribbon cutting ceremony in August. The new building will be used by Baffin Fisheries employees, the Pangnirtung HTO, and commercial tenants. With a spectacular view of Cumberland Sound, the building boasts 14 individual offices, a kitchen, boardroom and washrooms up and down.

 

Tauki Qappik cuts the sealskin ribbon, held by HTO executive member Noah Mosesee, left, and Baffin Fisheries President and Chairman Jacopie Maniapik, right. 

Baffin Fisheries Announces Letter of Intent to Acquire New Build 75 m Trawler

IQALUIT, NU, Friday June 16, 2017 – Baffin Fisheries announces today it has signed a letter of intent (LOI) with Norway’s Havyard Ship Technology for the design and construction of a new Arctic trawler to fish cold water turbot and shrimp in the Arctic Ocean adjacent to Nunavut. The vessel under consideration is 75 meters long and 17 meters wide, with a capacity to hold up to 1,200 tonnes, nearly double the capacity of the largest vessel currently operating in Nunavut.

Inuktitut version here

“Acquiring a new, efficient, purpose-built factory trawler will allow us to improve operations, create new Inuit employment opportunities, and ensure more Nunavut seafood resources are harvested by Inuit owned vessels and companies. The acquisition of this modern vessel with the very latest fishing and navigation technology signals that Baffin Fisheries are investing in the future,” said Baffin Fisheries Chairman and President Jacopie Maniapik.

The letter of intent allows Baffin Fisheries to enter into a shipbuilding contract with Havyard before the end of August 2017, with a potential delivery date for the vessel in April 2019.

“This is a long-term, strategic decision that demonstrates our confidence in the industry, and the strength of Inuit-owned companies. This is a great day for our Company, our communities and for Nunavut,” Jacopie Maniapik said.

The new vessel is expected to replace the Company’s first trawler, Inuksuk I, which will be 32 years old when the new vessel is delivered.

Baffin Fisheries Background

Baffin Fisheries is jointly owned by five Hunters and Trappers Associations (HTAs) in Nunavut: Amarok HTA (Iqaluit), Pangnirtung HTA (Pangnirtung), Mayukalik HTA (Kimmirut), Mittimatalik HTA (Pond Inlet), and Namautaq HTA (Clyde River). Each HTA elects representatives two individuals to sit on the Board of Directors.

Fleet

Baffin Fisheries is 100% Inuit-owned, and owns 100% of its fleet of four fishing vessels, which includes two large factory freezer multi-species trawlers and two factory freezer gillnetters.

Health, Safety and Environment Statement

Baffin Fisheries considers effective Health, Safety and Environmental (HS&E) Management to be of the utmost importance to its business. The objective of our company HS&E Program is to prevent all workplace accidents, injuries and illness, and to promote health, safety and the protection of the environment in every task undertaken by employees on behalf of the company.

For further information about Baffin Fisheries:

Jacopie Maniapik
President and Chairman
Methusalah Kunuk
Vice-President and Vice-Chair
Leo Maktar
Corporate Treasurer
jmaniapik@baffinfisheries.ca mkunuk@baffinfisheries.ca lmaktar@baffinfisheries.ca
867-473-1504 867-979-3070 867-222-0912

www.baffinfisheries.ca

photo illustration

 

Baffin Fisheries on track to harvest 100% of quota with Inuit-owned vessels in 2016

IQALUIT, NU, August 3, 2016 – Baffin Fisheries Coalition (Baffin Fisheries) is pleased to announce a successful start to the 2016 fishing season and is confident it will be in a position to harvest its entire quota with 100% Inuit-owned vessels, the first Nunavut company to achieve this milestone. The announcement was made at a meeting of Board members and senior executives in Iqaluit today.

“We are extremely pleased with the continued strong performance of our vessels and our crew in 2016,” said Jacopie Maniapik, President and Chairman of Baffin Fisheries. “These results indicate we made the right decision in buying out our foreign partners and acquiring vessels.”

Baffin Fisheries currently has three 100% Inuit-owned vessels fishing waters adjacent to Baffin Island, the Arluk II, Sivulliq, and the Inuksuk I.

“The Arluk II is having one of its best years ever,” said Maniapik. “The First Mate on the Arluk is Johnny Itulu, who is the first Inuit First Mate to achieve this position and complete his practical at-sea work. We are very proud of Johnny and the contribution he makes to our operations.”

Baffin Fisheries is reinvesting fisheries revenue in the construction of new offices in Pangnirtung and Pond Inlet to provide shared space for the Company and the HTOs, and is exploring development opportunities to other communities, including potential for an expanded commercial inshore turbot fishery. Material for new Pangnirtung offices arrived this week and construction is underway.

“There is the potential for Nunavut Fisheries Companies to have a tremendous impact on the economy and the lives of Inuit in our communities,” said Maniapik. “We will continue to maximize the benefits from our shrimp and turbot allocations and to reinvest in new infrastructure and opportunities in Nunavut.”

Baffin Fisheries Background

Baffin Fisheries harvests turbot (Greenland halibut) and northern shrimp from the cold, pristine water off Baffin Island, Nunavut. It is owned by five Hunters and Trappers Associations (HTAs): Amarok HTA (Iqaluit), Pangnirtung HTA (Pangnirtung), Mayukalik HTA (Kimmirut), Mittimatalik HTA (Pond Inlet), and Namautaq HTA (Clyde River).

Baffin Fisheries became the first 100% Inuit-owned and largest fisheries enterprise in Nunavut in late 2015 through the acquisition of all outstanding foreign partner shares and the 64-metre Arctic Shrimp Trawler, the Sivulliq. Baffin Fisheries owns two factory freezer, fixed-gear vessels and two large factory-freezer multi species trawlers.

Baffin Fisheries is increasing its efforts to recruit Inuit to work onboard its vessels and recently hired a new recruitment and crew coordinator, based in Iqaluit.

Health, Safety and Environment Statement

Baffin Fisheries considers effective Health, Safety and Environmental (HS&E) Management to be of the utmost importance to its business. The objective of our company HS&E Program is to prevent all workplace accidents, injuries and illness, and to promote health, safety and the protection of the environment in every task undertaken by employees on behalf of the company.

For further information please contact cflanagan@baffinfisheries.ca, or:

Jacopie Maniapik, President
and Chairman
Methusalah Kunuk, Vice President and Vice-Chair
Baffin Fisheries Baffin Fisheries
709-979-3066 709-979-3070
jmaniapik@baffinfisheries.ca mkunuk@baffinfisheries.ca

www.baffinfisheries.ca

Baffin_Fisheries_Press_Release_08_03_16_Inuk

Baffin Fisheries Expanding Operations in Nunavut

Inuktitut 

IQALUIT, NU, February 2, 2016 – A new executive team at Baffin Fisheries Coalition (Baffin Fisheries) is pleased to announce it has secured 100% ownership of all vessels and assets, and is expanding its administrative offices in Nunavut.

The announcement was made today by a newly appointed executive team of Jacopie Maniapik, President; Methusalah Kunuk, Vice President and; Leo Mucktar, Corporate Treasurer. The appointments were confirmed in December 2015 by the Board of Directors, which is composed of representatives from each of five Inuit community groups that jointly own Baffin Fisheries.

“This marks the beginning of a new era for Baffin Fisheries,” said President Jacopie Maniapik. “We are now able to fully manage our fleet and create new jobs and career opportunities in Nunavut.”

In addition to the three new executive positions based in Nunavut, Baffin Fisheries is expanding its Board of Directors, and creating new crew management, recruitment, and administrative positions in Nunavut communities.

“The first priority is to recruit more Nunavummiut to the fishing industry,” Maniapik said. “We need to educate our youth about the benefits of a career in this growing industry.”

Baffin Fisheries operates a fleet of four vessels, producing premium cold water turbot and shrimp from the waters around Baffin Island. The company exports fresh-frozen seafood products to markets around the world is involved in developing new inshore and offshore fisheries, and conducting scientific research regarding emerging fisheries.

“Our goal is to become the leading supplier of sustainable, premium cold water seafood products to markets around the world,” said Maniapik. “Inuit fishers and hunters have responsibly managed our adjacent fisheries for thousands of years, and we look forward to continuing this practice for the benefit of our people.”

Background

Baffin Fisheries is jointly owned by five Hunters and Trappers Associations (HTAs) in Nunavut:
Amarok HTA (Iqaluit), Pangnirtung HTA (Pangnirtung), Mayukalik HTA (Kimmirut), Mittimatalik HTA (Pond Inlet), and Namautaq HTA (Clyde River). Each HTA elects representatives to sit on the Board of Directors.

Fleet

Baffin Fisheries secured 100% Inuit ownership of its entire fleet in late 2015 by acquiring from its Icelandic partners all outstanding shares in Inuksuk Fisheries Ltd., which owns and operates the large factory freezer multi species trawler, the MV Inuksuk. This acquisition, combined with the September 17, 2015 acquisition of the 64-metre Arctic Shrimp Trawler, MV Sivulliq, positions Baffin Fisheries as the largest seafood harvesting company in Nunavut. Baffin Fisheries is 100% owner of two factory freezer, fixed-gear vessels and two large factory-freezer multi species trawlers.

Health, Safety and Environment Statement

Baffin Fisheries considers effective Health, Safety and Environmental (HS&E) Management to be of the utmost importance to its business. The objective of our company HS&E Program is to prevent all workplace accidents, injuries and illness, and to promote health, safety and the protection of the environment in every task undertaken by employees on behalf of the company.

Employee Development

Baffin Fisheries firmly believes that in addition to the revenue generated directly by the harvest of the resource, the training, recruitment, and employment of staff contributes an important benefit to local communities. It is the aim of Baffin Fisheries to have skilled Nunavummiut throughout all levels of operations.

For further information please contact:

Jacopie Maniapik, President and Chairman
Baffin Fisheries
867-979-3066

Chris Flanagan, Communications Consultant
Baffin Fisheries
709-726-6328, or 709-325-0679
cflanagan@bfcgroup.ca

www.baffinfisheries.ca

MV Sivulliq fishing turbot off the coast of Baffin Island, Nunavut.

MV Sivulliq fishing turbot off the coast of Baffin Island, Nunavut.

Baffin Fisheries Donates $50,000 to Nunavut Communities

IQALUIT, NU December 18, 2015 – The Board of Directors of Baffin Fisheries Coalition (Baffin Fisheries) is pleased to announce a $50,000 financial contribution to five charitable organizations sponsored by its shareholders. Baffin Fisheries is 100% owned by five Nunavut Hunters and Trapper Associations (HTAs): Amarok, Pangnirtung, Mayukalik, Mittimakalik and Namautaq.  Each HTA will receive $10,000 to support local community organizations.

The first donation was presented to Tununiq Ikajuqtiit (Pond Inlet Food Bank) by Mittimakalik Board member Leo Mucktar.

Leo Mucktar BFC HTA donation
From left, Tununiq Ikajuqtiit, Food Bank director and initiator; Ruben Arnakallak, Vice-President; Patrick Sangoya, Tununiq Sauniq Co-op Manager; Louise England, Bobby Aglak; Leo Mucktar, Director of Baffin Fisheries, presenting the cheque; Rhoda Nutarak; and front centre, Susanne Kadloo, Food Bank director.

“We are pleased to be able to give back to our communities at this time of year,” said Baffin Fisheries President Jacopie Maniapik. “This has been a year of growth and investment to ensure long-term benefits for our communities, but also a good year financially thanks to the hard work of our employees.”

Baffin Fisheries employs up to 200 men and women annually. Approximately 50 per cent of crew members are from Nunavut. Baffin Fisheries produces premium cold water turbot and shrimp from the waters around Baffin Island. The company is involved in developing new inshore and offshore fisheries and conducting scientific research regarding emerging fisheries.

Health, Safety and Environment Statement

Baffin Fisheries considers effective Health, Safety and Environmental (HS&E) Management to be of the utmost importance to its business. The objective of our company HS&E Program is to prevent workplace accidents, injuries and illness, and to promote health, safety and the protection of the environment in every task undertaken by employees on behalf of the company.

About Baffin Fisheries Coalition

Baffin Fisheries is a 100% Inuit-owned organization based in Nunavut. Baffin Fisheries shareholders have made significant investments into vessel ownership, and are 100% owners of two factory freezer fixed gear vessels and two large factory freezer multi species trawlers.

For further information please contact:

 

Jacopie Maniapik, President Chris Flanagan, Media Relations
Baffin Fisheries Baffin Fisheries
867-979-3066 709-325-0679 (cell)
 

www.bfcoalition.ca

 cflanagan@bfcgroup.ca

 

Baffin Fisheries Coalition Announces the Purchase of the MV Sivulliq with Financing Provided by Bridging Finance Inc.

IQALUIT, Nunavut & TORONTO — Baffin Fisheries Coalition (“BFC”) is pleased to announce the purchase of the MV Sivulliq (formerly the Remoy) with financing provided by Bridging Finance Inc., as sub-advisor to the Sprott Bridging Income Fund LP (“Bridging Finance”). The MV Sivulliq is a 64 metre Arctic Shrimp Trawler built in Norway.

“Bridging Finance has become the leader in bridge financing for First Nations/Inuit, an area that plays an important role in our rapid growth as one of Canada’s premier private debt lenders.”

“We look forward to a long and successful fishing legacy that will allow us to make use of the profits to benefit our communities and stakeholders in Nunavut”, commented Vice-Chairman Methusalah Kunuk at the ceremony in St. John’s celebrating the vessel’s arrival.

We are very pleased and honoured to be part of such an important development for the Inuit-owned fisheries in Nunavut,” said David Sharpe, President & COO of Bridging Finance. “Bridging Finance has become the leader in bridge financing for First Nations/Inuit, an area that plays an important role in our rapid growth as one of Canada’s premier private debt lenders.”

Precipice Capital, McInnes Cooper, and Ocean Management & Trading acted as advisors to BFC in connection with the purchase.

About Baffin Fisheries Coalition

BFC is a 100% Inuit-owned organization that was formed in 2000 by Hunters and Trappers Organizations on Baffin Island, with headquarters in Iqaluit, Nunavut. Its initial emphasis was to develop the offshore turbot fishery in Nunavut and has evolved into the development of new inshore and offshore fisheries and scientific research regarding emerging fisheries. BFC and its shareholders have made significant investments into vessel ownership, and is a 100% owner of two large factory freezer fixed gear vessels, the MV Sikuvut and the MV Arluk II, and majority owner in a large factory freezer multi species trawler, the MV Inuksuk.

About Bridging Finance Inc.

Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. Bridging Finance also offers portfolio management services for institutional and family office clients.

Contacts

Baffin Fisheries Coalition:
David Taylor, CPA, CMA, MBA,
CFO,
T: 709-726-6328

or

Bridging Financing:
Graham Marr, CA, CPA, CFA,
T:  416-777-1794
C: 416-906-0395
Gmarr@bridgingfinance.ca

 

Government of Canada Invests in Inuit-owned Fisheries

Iqaluit, Nunavut (June 6, 2012) – The Honourable Leona Aglukkaq, Minister of the Canadian Northern Economic Development Agency (CanNor) and Minister of Health announced today a two-year investment of just over $400,000 for Niqitaq Fisheries Limited. The investment will lead to an increase in the level of Inuit ownership and participation of the offshore fishing industry in Nunavut.

“The Government of Canada is pleased to invest in the commercial fishery in Nunavut — one of the key sectors for economic development in the region,” said Minister Aglukkaq. “Inuit-owned companies like Niqitaq are major contributors to economic development and job creation in Nunavut.”

“CanNor’s funding of this project clearly indicates that CanNor is on the right track to making the proper investments into the economic development of the North. This investment will allow us to move one step closer to managing our business to the benefit of Nunavimmuit states,” Ben Kovic, Chairman and President of Niqitaq Fisheries Ltd.

CanNor’s investment will allow Niqitaq Fisheries Limited to purchase 49 percent of the non-Inuit shares of the vessel Sikuvut. This will result in Niqitaq Fisheries owning

100 percent of two of their three vessels, and will give the company more control of their fishing enterprise and the benefits associated with the fishery. It will also increase opportunities for employment.

Investment in this project is made possible through CanNor’s Aboriginal Business Development Program (ABDP) which provides business development support to Aboriginal entrepreneurs and organizations.

ABDP is one of several economic development programs within CanNor. CanNor is responsible for coordinating and delivering Canada’s economic development initiatives across the North, and for related policy development and research.

For copies of CanNor news releases, visit:  http://www.cannor.gc.ca.

For more information on Canada’s Northern Strategy, visit www.northernstrategy.ca/index-eng.asp.

 

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For further information, please contact:

Office of the Honourable Leona Aglukkaq

Cailin Rodgers
Minister of the Canadian Northern Economic Development Agency and
Minister of Health
613-957-0200

Canadian Northern Economic Development Agency

Kathleen McLeod
Communications Manager
867- 975 3751

Niqitaq Fisheries

Jerry Ward
CEO Niqitaq Fisheries Limited
867-979-3066