Tag Archives: Blue Harvest Fisheries

Carlos “Codfather” Rafael settlement rankles local fishermen

By the start of the new fishing year on May 1, Carlos Rafael, once owner of one of the largest fishing fleets in the country and known as the “Codfather” will officially be little more than a memory on the New Bedford waterfront. According to his attorney John Markey, Rafael will have sold off all of his fishing empire as part of a settlement agreement with the National Oceanic and Atmospheric Administration, and will be out of the fishing industry forever. >click to read< 20:32

New Bedford seafood auction stops sale of Rafael’s boats to Blue Harvest

The fate of Carlos Rafael’s groundfishing vessels is still uncertain, with companies jockeying to get their hands on what’s left of the Codfather’s fleet. According to the CEO of Blue Harvest Fisheries Keith Decker, the company signed a purchase and sale agreement for Rafael’s groundfish vessels, but the agreement was subject to a 30-day Right of First Refusal Period, allowing other members of Rafael’s former sector a chance to match or better the bid. Buyers and Sellers Exchange (BASE) exercised that right, Decker said, “We were notified by Rafael’s attorney on Friday evening.” >click to read< 22:15

Fleet of 5 Maine scallop and fishing trawlers sold to New York-based equity firm

A New York-based private equity firm will purchase a Portland scallop and groundfish supply company that manages five of the largest fishing vessels operating in Maine. Blue Harvest Fisheries, a U.S. scallop and whitefish supplier owned by equity firm Bregal Partners, will purchase Atlantic Trawlers Fishing, Undercurrent News reported. Bregal Partners is a private investment firm with $600 million of committed capital funded by a six-generation German-Dutch family. Its board of directors includes the CEO of Bumble Bee Foods, and the chief investment and strategy officer of the Central Bering Sea Fisherman’s Association, who is also on the board of American Seafoods. Atlantic Trawlers Fishing, owned by James Odlin, operates from the Portland Fish Pier and includes the fishing vessels Nobska, Morue, Harmony, Teresa Marie III and Teresa Marie IV. >click to read>16:57

Don Cuddy: Blue Harvest a major new presence among city fish houses

New Bedford is the top-grossing fishing port in the United States and has been since 1999; an enviable record and a tribute to the vision and expertise of all those involved in sustaining an industry that is constantly evolving. While industry momentum has not flagged, the players come and go as markets shift, regulations change and fish stocks rise or fall. Seafood processor Blue Harvest Fisheries is a big presence on the waterfront today yet the company was unknown in the city until relatively recently. So last week I had a chat with CEO and Acushnet native Jeff Davis, a 30-year veteran of the seafood industry, to learn more about Blue Harvest and all that they do. click here to read the story 20:06

Blue Harvest Fisheries will acquire the assets of High Liner’s scallop business along with its facility in New Bedford

4022a_image1-11Canada-listed High Liner Foods has agreed to sell its scallop business to US group Blue Harvest Fisheries. Under the terms of the deal, Blue Harvest will acquire the assets of High Liner’s scallop business, along with its facility in New Bedford, Massachusetts. High Liner will receive cash proceeds of US$8m for the business and facility, plus additional amounts for scallop inventories. High Liner said it will continue to offer scallops to its customers through a supply agreement with Blue Harvest. The transaction is expected to close within the next several weeks. High Liner had announced in February it would stop value-added fish operations at the New Bedford facility to reduce excess capacity across its production network in North America. Blue Harvest was formed last year with the acquisition of eight Virginia-based scallop vessels and related shore assets from US scallop fishing firm Peabody Corporation. Its acquisition of the High Liner asset is the third Bue Harvest has made in 2016. Read the rest here 14:20