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Blue Harvest to shut down, ending reign over New England groundfish

September 1, 2023 Featured, National, New England

Blue Harvest Fisheries is set to shut down all fishing operations on Friday, its fishermen were told this week. It marks the last in a cascade of sales and closures for the billionaire-backed business venture that once aimed to “dominate” the New England fishing industry but ended up overcapitalized and belly up on the dock. The company launched in 2015, flush with private equity capital, and expanded at a rapid clip to become the single-largest groundfish permit holder in New England. It still owns the permits and vessels, but seafood industry sources say, after the shut down, a quick sale or bankruptcy filing is likely. “A big rise leads to a big fall,” said Luke deWildt, captain of the Teresa Marie IV, >>click to read<< 07:52

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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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