loading

Recent events

GLuna Shrimp owner Gabriel Luna

AdvertisementX
AdvertisementX

Analysis

Gulf between remaining Blue Harvest assets, $233m-plus liabilities laid bare  

Blue Harvest Fisheries, whose ultimately foreign-owned PE backer Bregal Partners is being accused of asset stripping before the company's Chapter 7 filing, has liabilities of more than $233 million

By Tom Seaman | Sept. 27, 2023 16:50 BST
Blue Harvest Fisheries' new groundfishing vessel, the Nobska. Image courtesy of Blue Harvest.
Related

New England fishermen confirm Blue Harvest’s shuttering

Credit: Blue Harvest Fisheries' Facebook page

Blue Harvest bankruptcy locks up 12% of New England groundfish quota

Bregal accused of ‘asset stripping’ in advance of Blue Harvest bankruptcy

Credit: Blue Harvest Fisheries' Facebook page

Bregal-backed Blue Harvest files for bankruptcy, begins liquidation process

Newfoundland political party calls for yanking Royal Greenland’s crab processing license

Rabobank: Global shrimp industry faces mixed outlook amid growing competition, market shifts

AdvertisementX

The gulf between the asset value and liabilities of the private equity (PE)-backed US fishing and processing firm Blue Harvest Fisheries is starting to emerge in bankruptcy filings and it looks even worse than previously suggested [...]

Want to keep reading?

Sign up for a trial to have full access to our articles for 7 days!

United Catcher Boats names Keikkala to succeed founder Paine in top leadership role

free read Royal Greenland names Lynge-Pedersen as new CFO

Four-digit surge in Peru fishmeal sales highlights recovery from last year’s anchovy shortage

Better lobster fishery enforcement promised in Nova Scotia provincial election

AdvertisementX

Contact the author [email protected]

Stay on the pulse

Get recommendations, data, editor’s picks, and the latest news from around the seafood world straight to your inbox.

Select your interests

Please select at least one newsletter d indicates our daily newsletters | 2w indicates twice-weekly | All others sent weekly All briefings are sent weekly, unless otherwise indicated
Region
Breaking news
Jobs
Species
Topic

Fill in your details

Please select at least one newsletter!
  • (eg new industry reports, prices data)
  • (eg subscription or report early birds)
  • (eg advertising, trade shows news)
How we handle your data We never share, sell or distribute our subscribers’ data. You may at any time unsubsribe from our newsletters, and request that we erase all information stored about you. Please check our Privacy policy for more details.

We use MailChimp and HubSpot as our email campaign platforms. By subscribing, you agree that the information you provide will be transferred to MailChimp and HubSpot for processing in accordance with their privacy policies (MailChimp privacy policy, HubSpot privacy policy) and terms (MailChimp terms, HubSpot terms).

Thank you. Please check your inbox to confirm your selection and start receiving newsletters.

Cookies on Undercurrent News

We use cookies for performance, security and analytics. To stop seeing this banner click Accept, or select Manage cookies to set your preferences and privacy settings.