Phil Paleologos: The Canastra Brothers withdraw their offer

January 9, 2020 International News, National, New England

With no explanation offered, the respected Canastra brothers will not move forward with a transaction to acquire 15 vessels. Adios to Carlos Rafael’s groundfish and scallop vessels. Once upon a time, the “Codfather” benefited from close to 40 vessels that generated about $100 million per year in sales. We can say arrivederci to 15 more Rafael vessels as it was announced that Richard and Raymond Canastra, owners of BASE Seafood Auction in New Bedford, have officially taken their offer to purchase the vessels off the table. >click to read< 16:53

a U.S. scallop and groundfish supplier, BASE Seafood Auction, Blue Harvest, Bregal Partners, Brothers Richie and Ray Canastra, Carlos Rafael, CEO of Blue Harvest, groundfish and scallop vessels, Keith Decker, New Bedford's commercial fishing industry

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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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