Harbour Grace shipyard enters creditor protection as owners face financial headwinds

November 8, 2023 Canada

One of Newfoundland and Labrador’s largest shipyards, Harbour Grace Ocean Enterprises, has been granted court protection from its creditors as it struggles with a serious cash flow problem. The company is nearly $16 million in debt, and creditors have been demanding payment. Last week, the Supreme Court of Newfoundland and Labrador approved an order that temporarily protects the company from its creditors as it looks for a way forward. The court also appointed professional services firm PricewaterhouseCoopers to monitor the company. The shipyard employs 56 full-time employees and is described in court documents as “one of the largest marine vessel, repair, refit and construction businesses in Eastern Canada.” >>click to read<< 13:10

56 full-time employees, cash flow problem, Companies' Creditors Arrangement Act, enters creditor protection, financial struggles, Gray Enterprises Limited, Harbour Grace, Harbour Grace Ocean Enterprises, Harbour Grace shipyard, Newfoundland and Labrador, owned by Kevin English, Paul Lannon, PricewaterhouseCoopers, shipyard's majority owner, Supreme Court of Newfoundland

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ocean Resource Privatization

Articles Posted by Date
November 2024

M T W T F S S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

« Oct

November 2024
M	T	W	T	F	S	S
	1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30

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

Recent Posts
- Presidential Task Force on Combating Illegal, Unreported, and Unregulated (IUU) Fishing and Seafood Fraud
  
  The “recommendations for the implementation of a comprehensive framework of integrated programs to combat IUU fishing and seafood fraud that emphasizes areas of greatest need” have Read More »
- Best Medium Trawler – Celestial Dawn – Macduff Ship Design
  
  An up-to-the-minute take on a very traditionally styled Scottish trawler, this vessel was designed for a very experienced owner who operates in a very challenging part of Read More »
- ‘What is NOAA trying to hide?’
  
  In the latest letter, which the Times obtained, Broun wrote that “by law, NOAA must comply with citizen requests for information under the Freedom of Information Read More »
- What’s Behind Spike in Gulf Coast Dolphin Attacks? psst,,, they say it’s you fishermen. The psychologist’s weigh in.
  
  NatGeo – According to a December report by the National Oceanic and Atmospheric Administration (NOAA), in 2012 three dolphins with gunshot wounds were found “stranded” (or Read More »
- More than a pin
  
  The call for assistance from the fishing vessel Brenna A had already come in, and the Coast Guard Station Umpqua River crews were preparing to swap Read More »
- 2 confirmed dead, one rescued after fishing boat sinks off Vancouver Island
  
  Two men are dead and another man has been rescued after their fishing boat sank off Vancouver Island Tuesday. On Tuesday afternoon, the B.C. Coroners Service Read More »
- Floating wind farms threaten to destroy Scotland’s fishing sector
  
  The Scottish Fishermen’s Federation (SFF) said despite efforts to find a solution to the problem, mobile fishing, and floating offshore wind farms “are simply not able Read More »
- Alabama: Fishermen land big haul of roe mullet on Fowl River
  
  More than half a dozen boats lined up at the mouth of Fowl River Monday for a big catch of roe mullet. The roe mullet is Read More »
- Lobster fishermen are putting canopies over the formerly open deck
  
  Some lobster fishing boats are sporting a new look this year. Fishermen are installing canopies over the formerly open deck behind the wheel house. It’s all Read More »
- As seafood sales rise for Lent, Louisiana shrimpers say their industry is in trouble
  
  With Lent elevating sales of crawfish, fish and shrimp across Louisiana, many local fishermen and shrimpers say they aren’t benefitting. “We’ve been here a long time, Read More »
- Louisiana – 1 missing after oil rig explodes on Lake Pontchartrain
  
  An oil rig explosion on a lake north of New Orleans, apparently caused when cleaning chemicals ignited, injured seven people and left authorities searching for another Read More »
- DFO Officers seize 1,700 kg of rotten fish near Hay River, N.W.T.
  
  Fisheries officers then took out a boat and found two kilometres of abandoned net that had about 1,770 kilograms — roughly 3,900 pounds — of fish that were rotten Read More »
- US Fish-Bill Unity – Sam Parisi
  
  Recently, Fisherman Jon Johnson wrote an opinion piece in Fisherynation.com (Why Fishermen Fail To Unite and Resist Being Swept Off of Our Historic Fishing Grounds) about Read More »
- Michael Shellenberger: Let’s Get Serious, Let’s Go Nuclear
  
  Whatever your views on climate change, the idea that trying to run modern, civil societies on sunshine and breezes might somehow prevent it is, of course, Read More »
- CARES Act Stimulus: Funding process for Florida Keys fishermen slowly unfolds
  
  Both commercial and for-hire fishermen in the Florida Keys hit hard by the economic shutdown spurred by the novel coronavirus may apply to receive a portion Read More »
- Northeast Seafood Coalition policy director to testify at MSA Reauthorization Listening Session
  
  Northeast Seafood Coalition (NSC) Policy Director Vito Giacalone will testify on Monday, November 4, 2013 at the Massachusetts State House for a Magnuson-Stevens Fishery Conservation and Management Read More »
- Angry inshore harvesters from fishing area 3L demand changes to allow for quota increases
  
  A week of angry protests by inshore crab harvesters from eastern Newfoundland cooled slightly Friday following the promise by the federal fisheries minister of a review Read More »
- Study of seismic testing used in offshore oil, gas and wind energy industries finds lobsters ‘concussed’
  
  Seismic testing critical to Western Australia’s offshore oil, gas and energy industries is dazing, and potentially killing the state’s valuable western rock lobsters, a new study Read More »
- Fuel leaking from sunken boat in Pass Christian Harbor
  
  An accident in the Pass Christian Harbor left a boat underwater and a big mess to clean up. James “Catfish” Miller has been taking his boat out Read More »
- Thousands of alewives return to Penobscot, tributaries after nearly 200 years without adequate access to upstream habitat
  
  After nearly 200 years without adequate access to upstream habitat, the alewives finally are back. And not just a few of the river herring have returned. Read More »
- “Deadliest Catch” Skipper Sig Hanson will be a contestant on the upcoming “Celebrity Apprentice.”
  
  NBC on Tuesday announced the lineup of 16 personalities who will compete for their favorite charities as the reality show returns for a new season in Read More »
- Opinion: The seafood trade deficit is a diversionary tactic
  
  Lately, politicians, bureaucrats and journalists have begun lamenting the fact that the United States runs a seafood trade deficit. Secretary of Commerce Wilbur Ross. The booming Read More »
- Fish like a girl: This 23-year-old lobsterwoman from Maine is her own boss
  
  “When I was younger, I felt questioned by others, like whether I could do this,” Samuels said. “It makes you start to question yourself. I was Read More »
- Little attention has been paid to grass carp, a gluttonous herbivore that could decimate Great Lakes wetlands
  
  Chicago has long been characterized as the last line of defense in the war to prevent bighead and silver carp from reaching the Great Lakes. But Read More »
- Welcome to Butt Hole Road – Please rethink shellfish farming in bays – Bob Maddex, Fenwick Island
  
  For many of us who enjoy kayaking and other water sports on Little Assawoman Bay, the proposal by the State of Delaware to use oysters and Read More »