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Harsh winter rocks Maine lobstermen

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Harsh winter rocks Maine lobstermen

PORTLAND, Maine – Maine’s lobster industry is facing mounting pressure after a harsh winter reduced fishing activity, slowed catches and added to rising costs across the sector.

The state, the largest lobster producer in the U.S., recorded its fourth consecutive annual decline in total catch, according to the Maine Department of Marine Resources.

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A key driver was fewer days on the water. Maine lobster harvesters took more than 21,000 fewer fishing trips in 2025 than in 2024, the agency said. Total landings fell to just over 78 million pounds, the lowest level since 2008.

It started in December, and in December you usually get to fish a lot of days, and we didn’t get to fish,” said lobsterman Greg Turner.

Turner, who has worked on a boat since childhood, said crews were only able to fish about half as many days as normal during peak winter months.

“If it’s zero out, and it’s blowing negative 25, you can’t go because it’s just – if something happened – you’d be done. You’d die out there, probably,” said Turner. 

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HOME HEATING OIL FIRMS SQUEEZED AS DIESEL, CRUDE PRICES SURGE AMID MIDDLE EAST TENSIONS

Greg Turner's boat

Turner’s boat, Deborah & Megan II.  (Kailey Schuyler / Fox News)

Colder temperatures also affected lobster behavior, further limiting catches.

“It makes the lobsters slow down and stop crawling quicker, because when it gets cold, they don’t want to eat,” said Turner. 

RARE ‘COTTON CANDY’ LOBSTER CAUGHT IN NEW ENGLAND: ‘1 IN 100 MILLION’

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The winter conditions have compounded existing financial pressures on the industry, including inflation, tariffs and shifting market dynamics.

Photo of a sign

One way to get a deal on lobster is to buy straight from fishermen. (Kailey Schuyler / Fox News)

Maine Department of Marine Resources Commissioner Carl Wilson wrote that inflation and market uncertainty in 2025 challenged fishermen’s bottom lines. He added that a late molt limited access to new shell lobsters during summer, prompting some harvesters to reduce trips.

Despite the challenges, Maine’s commercial harvesters generated more than $600 million in 2025, marking the 14th straight year earnings exceeded $500 million. However, fishermen say higher revenues have not translated into stronger profits at the dock.

“Trust me, we’re not getting it, we are not getting it. But I mean, everything’s gone up for us – the price to buy it, to transport it, cook it, prepare it, that must all be gone up too. It’s just the world that we live in now,” said Turner. 

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The average boat price remained relatively strong at $5.85 per pound, but industry advocates say higher dock prices are needed to sustain fishermen.

“We want to see a higher price on the dock. That’s what’s going to go directly to your fishermen and, hopefully, keep them fishing because they’re a really, really important part of our community,” said Alexa Dayton, executive director at the Maine Center for Coastal Fisheries.

MAINE LOBSTER FISHERMAN REVEALS WHY THE CRUSTACEANS SHE CATCHES TASTE ‘SWEETER,’ ‘BETTER’

lobsters

In 2025, the boat price remained strong at $5.85. (Fox News / Fox News)

Dayton is currently conducting a cost survey of several hundred lobstermen and said early responses highlight how significantly fishing time dropped this winter.

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“They ideally want to be out, you know, 15 days in a month. This year they’re down to about five days,” said Dayton. 

She also pointed to uneven ocean conditions across the state. Waters in Down East Maine, from Stonington to Machias, have been significantly colder than average, particularly at the ocean floor, while parts of the western Gulf of Maine have seen relatively warmer conditions.

“There is such a thing as too cold for them,” Dayton said, referring to lobsters’ temperature range.

US LOBSTER INDUSTRY GRAPPLES CLIMATE CHANGE, WHALE PROTECTION REGULATIONS AS CATCHES DROP

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Rising input costs are adding further strain. Dayton said bait prices have surged dramatically since her last survey in 2010.

“I mean it’s like 350% increases. It used to be kind of a thing you didn’t really worry so much about. Now it’s a real driver at the end of the day, what’s left in your pocket,” she said.

The financial pressure is extending beyond the docks into coastal economies. Dayton said many communities rely heavily on fishing income.

“But the stress of making a living and, again, you’re sort of watching days go by without an income that hurts both the fishing industry and also what happens on Main Street,” said Dayton. “I mean, this is, you know, 80% dependent on fishing for many of these coastal communities, at least that’s what our survey shows, and it trickles right down to what happens at the grocery store.”

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She added that most Maine lobstermen operate as small, independent businesses rather than corporate entities, making them particularly vulnerable to cost swings and lost fishing days.

“Fishermen operate their own individual businesses here in Maine. These aren’t corporate owners. I think that makes us unique and special.”

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Macquarie Group Limited 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:MQBKY) 2026-05-10

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Triple Flag Precious Metals Corp. (TFPM:CA) Shareholder/Analyst Call Prepared Remarks Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-05-05 Earnings Summary

EPS of $0.61 beats by $0.04

 | Revenue of $200.26M (76.82% Y/Y) beats by $578.46K

Triple Flag Precious Metals Corp. (TFPM:CA) Shareholder/Analyst Call May 6, 2026 10:00 AM EDT

Company Participants

Dawn Whittaker
Warren Beil
Eban Bari – Chief Financial Officer
Steve Bristo – Director of Corporate Development & Research

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Presentation

Operator

Hello, and welcome to the Annual Meeting of Shareholders of Triple Flag Precious Metals Corp. Please note that today’s meeting is being recorded. If you participate in today’s meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of the same. If you disclose personal information of another person in today’s meeting, you will be deemed to represent and warrant to Computershare and the company that you first obtained all required consents for the disclosure. [Operator Instructions]. It is now my pleasure to change this meeting over to Dawn Whittaker.

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Dawn Whittaker

Thank you. Good morning, and welcome to the Annual General Meeting of Triple Flag Precious Metals Corp. I’m Dawn Whittaker, a Director of the company and Chair of the Board of Directors. We look forward to this meeting and the opportunity it provides to speak with our shareholders.

Joining me this morning via webcast are Sheldon Vanderkooy, our Chief Executive Officer; Eban Bari, our Chief Financial Officer; James Dendle, our Chief Operating Officer; Warren Beil, our Vice President and General Counsel; and David Lee, our Vice President, Investor Relations.

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The nominee directors, auditors and other members of the Triple Flag management team are also attending remotely, either by teleconference or webcast. I would now like to call to order this Annual Meeting of Shareholders of Triple Flag Precious Metals Corp. I will begin today’s meeting by outlining how voting and questions may be addressed in this virtual format. The majority of shareholders have submitted their proxies or voting instructions in advance of the meeting.

Voting

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Thailand Gears Up for WorldPride 2030 Bid

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Thailand Gears Up for WorldPride 2030 Bid

The Thailand Convention and Exhibition Bureau is preparing to bid for WorldPride 2030, coordinating with government and LGBTQIA+ groups to enhance Thailand’s international profile in diversity and tourism.


Key Points

  • The Thailand Convention and Exhibition Bureau (TCEB) has initiated preparations to bid for WorldPride 2030, holding a committee meeting with government, private, and LGBTQIA+ organizations to showcase Thailand’s readiness for the event.
  • TCEB President Dr. Supawan Teerarat confirmed government support for the bid, with Prime Minister Anutin Charnvirakul appointing a committee for preparation and policy coordination to enhance Thailand’s international standing in diversity and tourism.
  • Naruemit Pride President Ann Chumaporn emphasized that hosting WorldPride 2030 could promote social and economic growth, while an agreement was signed to develop a “Pride Digital Platform,” under the campaign theme “PEACE PEOPLE PRIDE.”

The Thailand Convention and Exhibition Bureau (TCEB) has begun preparations for Thailand’s bid to host WorldPride 2030, convening the first committee meeting alongside government agencies, private organizations, and LGBTQIA+ groups. The meeting was held to coordinate plans and present Thailand’s readiness to pursue the international event.

Participating organizations included the Bangkok Metropolitan Administration, the Ministry of Tourism and Sports, the Ministry of Social Development and Human Security, the Ministry of Foreign Affairs, LGBTQIA+ communities, and private-sector representatives. 

TCEB President Dr. Supawan Teerarat said the government supports the bid, with Prime Minister Anutin Charnvirakul appointing a committee to oversee preparations and related policy coordination. The event would support Thailand’s international profile in diversity, equality, tourism, and cultural exchange.

Naruemit Pride President Ann Chumaporn said hosting WorldPride 2030 could contribute to social and economic development while enhancing Thailand’s image as a country supportive of gender diversity and equality. Organizers also announced the signing of an agreement between TCEB, King Mongkut’s Institute of Technology Ladkrabang, and Naruemit Pride to develop a “Pride Digital Platform” linked to the bidding process.

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Preparations for the bid will continue through coordination among participating sectors under the campaign theme “PEACE PEOPLE PRIDE.”

Source : Thailand Begins Preparations for WorldPride 2030 Bid

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Oil jumps as US and Iran fail to reach agreement on peace proposal

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Oil jumps as US and Iran fail to reach agreement on peace proposal


Oil jumps as US and Iran fail to reach agreement on peace proposal

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UK’s Starmer launches political fightback, putting Europe ties at heart of reset

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UK’s Starmer launches political fightback, putting Europe ties at heart of reset


UK’s Starmer launches political fightback, putting Europe ties at heart of reset

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Retail Media Networks Are In Their ‘Gangly Teenager’ Phase. They’re Trying to Grow Up.

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Retail Media Networks Are In Their ‘Gangly Teenager’ Phase. They’re Trying to Grow Up.

As retail media networks overtake television in ad revenue, they are also taking a page from the way TV pitches itself to marketers.

After media companies like NBCUniversal, Disney and Paramount conclude their annual upfront sales spectacles this spring, companies including Albertsons, Home Depot, DoorDash and JPMorgan Chase will promote their own ad products in a take on the upfronts this September.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Japan bets on Washington, BOJ for extra punch in yen battle

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Japan bets on Washington, BOJ for extra punch in yen battle


Japan bets on Washington, BOJ for extra punch in yen battle

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Stablecoin Firm Circle Reports Earnings On Monday. AI Could Be In Focus.

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Stablecoin Firm Circle Reports Earnings On Monday. AI Could Be In Focus.

Stablecoin Firm Circle Reports Earnings On Monday. AI Could Be In Focus.

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Blackstone Secured Lending Fund. (BXSL) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and welcome to the Blackstone Secured Lending First Quarter 2026 Investor Call. Today’s call is being recorded. [Operator Instructions] I’d like to turn the conference over to Stacy Wang, Head of Stakeholder Relations. Please go ahead.

Stacy Wang
Head of Stakeholder Relations

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Thank you, Katie. Good morning, and welcome to Blackstone Secured Lending Fund’s First Quarter Results Conference Call. Joining me today are Brad Marshall, Co-Chief Executive Officer; and Teddy Desloge, Chief Financial Officer, along with other members of the management team available for Q&A, including Jonathan Bock, Co-Chief Executive Officer; and Carlos Whitaker, President.

Earlier today, we issued a press release with a presentation of our results and filed our 10-Q, both of which are available on the Shareholder Resources section of our website, www.bxsl.com. We will be referring to that presentation throughout today’s call. I’d like to remind you that this call may include forward-looking statements, which are uncertain and outside of the firm’s control and may differ materially from actual results. We do not undertake any duty to update these statements. For some of the risks that could affect results, please see the Risk Factors section of our Form 10-Q filed earlier today. This audio cast is copyrighted material of Blackstone and may not be duplicated without consent.

With that, I’ll turn the call

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Trump says Polish, Moldovan prisoners released from Belarusian, Russian detention

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