Multi-Species Development Holdings, LLC (MSDH) was formed in 2004 as a wholly owned subsidiary of Central Bering Sea Fishermen’s Association (CBSFA). Its purpose is to manage certain fishing assets such as vessels and fishing rights for the benefit of CBSFA and to distribute the Net Cash Flow derived from the investments back to CBSFA.
During the 2012 Annual Meeting the MSDH Board of Directors decided to change the name of MSDH to St. Paul Fishing Company, LLC (SPFC). The name describes the nature of SPFC’s business and encompasses the activities it is involved in including vessel ownership and management, fish processing, and fishing rights (quotas and permits) administration better than MSDH.
Efforts to expand our company include the following:
- Purchase of two Pacific Cod LLPs in 2011:
LLP 1: Endorsed for fishing cod in the Bering Sea (pot or hook & line) and Central Gulf of Alaska (hook & line). Additional endorsements include Norton Sound Red and Blue King crab. Maximum length overall – 77 feet
LLP 2: Endorsed for fishing cod in the Bering Sea and Aleutian Islands (pot) and in the Western Gulf of Alaska (hook & line)
- Purchase of Bering Sea, A Share, Sable IFQ – 33,761 pounds (2011 TAC)
