Tag Archives: New Bedford’s commercial fishing industry

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