Tag Archives: Keith Decker
Commercial fishing industry in free fall as restaurants close, consumers hunker down and vessels tie up
The novel coronavirus pandemic has destroyed demand for seafood across a complicated U.S. supply chain, from luxury items such as lobster and crab, generally consumed at restaurants, to grocery staples sourced from the world’s fish farms. Now, with restaurants closed, many of the nation’s fisheries — across geography, species, gear types and management — have reported sales slumps as high as 95 percent. Boats from Honolulu to Buzzards Bay, Mass., are tied up dockside, with fisheries in the Atlantic, the Pacific, the Gulf of Mexico and Alaska affected, throwing thousands of fishermen out of work and devastating coastal communities. >click to read< 16:52
Phil Paleologos: The Canastra Brothers withdraw their offer
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
