December 1, 2022

Northline Seafoods

Northline Seafoods has launched a new project to build a sustainable and efficient mobile commercial salmon processing platform, with construction planned to begin at the Port of Bellingham in January. The Hannah is vertically integrated vessel that will operate in Bristol Bay, Alaska, during the commercial fishing season. The Hannah will process salmon by deep freezing fish whole at the fishing grounds in Bristol Bay and hauling them back to its base of Pacific Northwest operations in Bellingham, where the fish will be stored, reprocessed and distributed year-round all from one vessel. The final product will be delivered to the market at a higher quality and with a more sustainable environmental footprint. The vessel will be built out of an existing barge hull that will be towed from the Gulf of Mexico to Washington. Northline Seafoods recently closed on a $40 million backed guarantee Food Supply Chain loan for the Hannah project that was made possible by the Biden Administration's “Build Back Better” initiative, and financed by Greater Commercial Lending, which provides loans to businesses and organizations in under-served and rural communities. Northline also teamed with Zachary Scott, a Seattle-based investment banking firm with ties to the seafood industry, to raise $62.5 million to support the company in its development. Northline Seafoods is a seafood processing company Headquartered in Sitka, Alaska, that freezes wild salmon at the source, starting in Bristol Bay.