sold to Blue Harvest Fisheries – fisherynation.com

Tag Archives: sold to Blue Harvest Fisheries

Breaking: Canastras buy vessels, permits from Blue Harvest bankruptcy

November 8, 2023 Featured, National

The owners of New Bedford’s seafood auction, closed a deal to buy out groundfish giant Blue Harvest Fisheries from bankruptcy, a move finalized Wednesday with the approval of a federal judge. After a short bidding war, Cassie Canastra submitted the highest bid of $12 million on Monday, beating out the second-highest bid from O’Hara Corporation, which is a part owner of New Bedford-based Eastern Fisheries, by $750,000. The sale includes “all the vessels, all the permits” that once belonged to Blue Harvest Fisheries. It includes eight vessels and 48 state and federal fishing permits, representing about 13% of all Northeast groundfish permits or about 250 million pounds of quota for the current fishing year. >>click to read<< 14:22

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Carlos Rafael: Twelve fishing vessels sold to Blue Harvest Fisheries to stay in New Bedford

February 20, 2020 International News, National, New England

“Today’s acquisition by Blue Harvest represents a level of investment in New Bedford and the groundfish fishery we haven’t seen in years,” said Port of New Bedford Director Ed Anthes-Washburn. “The Port is pleased to see that Blue Harvest is continuing to invest in vessels, processing and facilities.”
Rafael, dubbed ‘The Codfather,’ controlled a significant portion of New Bedford’s fishing fleet before a federal investigation and ensuing guilty plea led to a 46-month prison sentence for falsifying fishing quota, cash smuggling, and tax evasion which he started in November 2017. >click to read< 11:02

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Ocean Resource Privatization

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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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