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Portland Fish Exchange reports small profit, clarifies lumping pay and insurance
Summary
At its March meeting the Portland Fish Exchange subcommittee heard that the exchange posted a small positive net income and that lumping fees are paid from boat settlements while employees remain covered by the exchange’s stevedore insurance. Members asked the manager for more data on hours and costs.
The Portland Fish Exchange subcommittee heard a manager’s report on landings and finances and sought clarity on how the exchange handles lumping — the practice of exchange employees boarding vessels to help unload fish.
Manager Robert told the committee the exchange posted a net income of “a positive $4,670” for the period and that receivables and cash-reserve actions left the organization with a variance of roughly $22,525 versus budget. He also summarized auction activity: £204,480 landed in the period, about £110,800 sold during…
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