Will bankruptcy auction break up New Bedford’s fishing fleet?

November 2, 2023 International, National, New England

Blue Harvest Fisheries’ last assets could be sold at a bankruptcy auction as early as Wednesday, court filings show. Mayor Jon Mitchell and the New Bedford Port Authority have urged the bankruptcy trustee to ensure both the boats and permits remain in New Bedford, the nation’s top-earning commercial fishing port. Some fisherman and advocacy groups say regulators should seize the moment to break up the permits and enact stricter antitrust rules to limit future consolidation of the fishing business. The assets up for auction include eight commercial fishing vessels and 48 state and federal fishing permits, representing about 13% of all quota in the New England groundfish industry. Blue Harvest is the region’s single-largest groundfish permit holder. >>click to read<< 20:42

13% of all quota, 48 state and federal fishing permits, at a bankruptcy auction, bankruptcy auction, Blue Harvest Fisheries, Blue Harvest President Chip Wilson, Bregal Partners, Brett Tolley, could be sold, eight commercial fishing vessels, Eric Hansen, fisherman Tim Rider, last assets, Mayor Jon Mitchell, New Bedford, New Bedford Port Authority, New England groundfish industry, North American Marine Alliance, sold off its scallop fleet, U.S. federal court

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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