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Seafood firm may not lose $20m vessel forfeited in fishing rules breach – Stuff.co.nz

Sanford has forfeited a $20 million fishing vessel to the Crown for breaking fishing rules, but it could get the boat back for a fee worth a fraction of its value….

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A $20 million vessel forfeited to the Government for a breach of fishing rules could be returned to the offending company for a fee worth a fraction of its value.
Seafood company Sanford Limited has pleaded guilty to trawling in a protected fishing area off the coast of Stewart Island.
The Christchurch District Court on Tuesday ordered the company to forfeit the San Waitaki a 64 metre deep water stern trawler with a processing factory and freezer facilities on board to the Crown.
The company…

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