No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveReeling from oil spill, businesses eye Costa Rica

Reeling from oil spill, businesses eye Costa Rica

 

Dean Blanchard´s shrimping company used to account for about 10 percent of the U.S. shrimp supply. Now, due to the oil spill in the Gulf of Mexico, that number’s down to zero. The Grand Isle, Louisianan-based Dean Blanchard Seafood can no longer operate due to oil mucking up and polluting the places his boats used to trawl. Since the oil spill forced him to shut down operations, Blanchard estimated he´s lost about $50 million.
 
In a few weeks, Blanchard will be boarding a plane headed to Costa Rica. He hopes that´s where he can start rebuilding his shrimping enterprise.
“I like it (in Louisiana),” Blanchard said. “If I can´t live here then I got to find a place. I got no choice.”
 
The Deepwater Horizon oil spill has displaced numerous businesses around the gulf. The accident spilled an estimated 150 million gallons of oil in the ocean. Some of those displaced look to relocate in Costa Rica, with the country´s abundance of shorelines and sea life.
 
Barry Chudwick, co-founder of luxury vacation rental company Del Pacifico in Esterillos, on Costa Rica’s central Pacific coast, said he´s talked to dozens of investors from sportfishers in the southeast United States, who are looking to buy lots or condos in Costa Rica.
 
“There will be long-term damage done to the ecosystem and sportfishing is a major driver in the high-end luxury market,” Chudwick said. “And as we say, ´big fish bring big boats, which bring big bucks.´”
 
Sam Merkin, who co-runs a company that sets up sportfishing trips called Quepos Sailfishing, said he´s noticed an increase in fishermen from affected areas like Mississippi and Louisiana taking the fishing expeditions.
 
The company has received 20 to 25 calls over the last two-and-a-half months from fishermen in areas along the U.S. gulf coast.
 
“We have people that are anglers that probably weren´t planning on coming,” Merkin said.
 
Blanchard, the former shrimp baron, said he´s always wanted to travel down to Costa Rica. The oil spill has given him a monumental excuse to finally make the trip. 
 
“We pretty much done here,” Blanchard said. “It looks like they´ve given us the death penalty.”

Trending Now

How to Watch the Super Bowl in Costa Rica

Costa Rica has always been a soccer-first country, where passions run deepest for fútbol and La Sele. Yet over the past decade-plus, the Super...

Shakira’s Concerts Boost El Salvador’s Economy and Tourism Surge

Colombian singer Shakira's five-concert series in El Salvador has drawn massive crowds, filling hotels and sparking a notable economic lift for the country. The...

Chile Launches Latam GPT to Build a Less Biased AI for Latin America

Move over ChatGPT -- Chile will launch Latam-GPT, an open-source artificial intelligence model designed to combat biases built by the primarily US-centric industry. Developped...

Costa Rica Fossil Discovery Reveals Mastodon and Sloth Giants

Researchers at the Museo Nacional de Costa Rica have confirmed a major paleontological find in the province of Cartago: fossil remains from a mastodon-like...

U.S.-China Tensions Fuel Legal Battle Over Panama’s Strategic Ports

Hong Kong-based conglomerate CK Hutchison Holdings issued a warning on Thursday, stating it would pursue legal action against Danish shipping firm Maersk if the...

Suspect Held in Killing of Chilean Activist in Costa Rica

Agents from the Judicial Investigation Agency (OIJ) arrested a 28-year-old man surnamed Pérez as the main suspect in the homicide of Francisco Ojeda Garcés,...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica