First day of crab fishing at sea.
Harvest: 120 tons of Gray-eyed Snow Crab.
This year, the rising water temperatures in the Bering Sea led to a massive die-off of snow crabs. Combined with the approach of Thanksgiving, the purchase price for snow crabs had shot up to 14 US Dollars a pound before they set sail. As a result, this catch was worth around 3.6 million US Dollars.
After deducting crew salaries, the River Beach's fuel consumption, taxes, and other expenses, the owner, Feng Mountain, profited around 1.6 million.
A gross profit of over 3.6 million US Dollars from a single day of crab fishing.
To Alvin and the crew, it was an unbelievable feeling, like a dream come true.
Alvin had once earned 1.5 million in two weeks, but that was gross revenue before deducting expenses. The boss, on the other hand, had made a pure profit, and the shock of it was indescribable.
