An ocean of ambition
One by one, a trustee listed the assets up for sale: eight commercial fishing vessels and 48 federal fishing permits. It was a fire-sale liquidation for bankrupt Blue Harvest Fisheries — one of New England’s largest seafood companies — and the largest bundle of groundfish permits in recent history to come available on the market. Bids, the trustee announced, would start at $10 million. Cassie Canastra was first to act: “$11 million,” she said, without skipping a beat. There was a brief pause, as a team representing O’Hara Corporation, part owner of New Bedford-based scallop giant Eastern Fisheries, huddled to discuss their options. They raised the bid to $11.25 million. “$12 million,” Canastra responded, showing no sign of relenting. Photos, more, >>click to read<< 11:03
Leave a Reply