The Marine Trading Post, a marine trading facility operated by MBI Marine, will close its doors for the last time in 2016, its owner said Monday.
The closing of the MBI marine trading business marks the end of the Marine Trading Paper Trading business, which was set up in 2005 by the U.S. Fish and Wildlife Service and was the only paper trading facility in the world, said MBI Chairman and CEO Mike Smith.
The paper trading business, in turn, was run by the National Marine Fisheries Service and the U,S.
Bureau of Land Management, said Smith, who has owned the Marine trading paper trading plant since 2003.
MBI will continue to operate its paper trading operations and other marine trading businesses in other locations, Smith said.
The Marine Trade Paper Trading Company was founded in 2005.
Its first trading site was located in the Gulf of Mexico and was known as the Gulf Stream Trading Post.
In 2007, the company bought the land on which it was located, said Mike Smith, MBS.
The MBI management team was instrumental in bringing MBI to its current location, he said.
MBS marine trading paper trade business operates in all coastal waters, including the Gulf and Atlantic Oceans.
Smith said the Marine Trade Company is now the only trading paper company in the United States with a trading operation in the Pacific Ocean.
“The Marine Trade Companies is a leading company in paper trading,” he said, “and we look forward to continuing to provide a variety of services to our customers.”
Smith also said MBS Marine will remain active in marine research and commercial fishing and fishing related activities.
The company is located in Gulf of Maine and the Marine Fisheries Management Area, Smith added.