Massachusetts: Lawmakers call for answers in wake of Blue Harvest Fisheries bankruptcy sale

February 26, 2024 National

Questions continue to surround the bankruptcy and sale of Blue Harvest Fisheries, the largest groundfish operation in New England, including its impact on the New Bedford fishing industry. The New Bedford company filed for Chapter 7 bankruptcy in September 2023. For U.S. Senators Elizabeth Warren (D-Mass) and Edward Markey (D-Mass) and Rep. William Keating (D-Mass) it’s part of a pattern, and they are seeking answers from Bregal Partners, a Dutch-owned private equity firm, and Blue Harvest’s majority equity holder that owned 89.5 percent of the company. more, >>click to read<< 08:05

Blue Harvest Fisheries, Bregal Partners, Bregal Partners Managing Partner Charles Yoon, Elizabeth Warren (D-MA)., filed for Chapter 7 bankruptcy, Lawmakers call for answers, Markey (D-MA), massachusetts, Mayor Jon Mitchell, New Bedford, U.S. Rep. Bill Keating

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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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