Northern Coalition

Labrador Fishermen’s Union Shrimp Company Limited, L’Anse au Loup, Labrador, NL

www.labshrimp.com

 

For almost 50 years, this private sector firm has emerged as one of Newfoundland and Labrador's most successful fishing companies. The company has restrictions on dividends, retaining all profits for the development of fisheries-related infrastructure and services along the Labrador Coast. The Labrador Fishermen's Union Shrimp Company Limited operates five seafood processing plants, employs approximately 500 plant workers and purchases the catch of some 600 fish harvesters. The Company owns three of the seventeen Northern Shrimp licences and owns and operates FV Osprey III. This 80-meter freezer vessel harvests the company’s Northern Shrimp and Greenland Halibut quotas. In addition, the company owns and operates two fixed-gear, freezer groundfish vessels, FV Belle Isle Banker and FV Nain Banker. State-of-the-art processing facilities are located at Charlottetown (shrimp), Mary's Harbour (Crab and Groundfish), L'Anse au Loup ( Groundfish and Pelagics), Pinsent's Arm (pelagics) and Cartwright (crab and groundfish).​

 

The Company, locally known as Labrador Shrimp Company, is wholly owned by the fish harvesters in the 19 communities extending from L'anse au Clair to Cartwright in Southern Labrador, the greater majority of whom are indigenous. The Company’s employment and investment benefits have been and remain critically important to the social and economic well-being of the region’s 4,000 residents.