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Canadian lobster, silver hake company forced to hand over quota while in bankruptcy

While the receivership process plays out, Chester Basin Seafoods' 4.3 million pounds of silver hake quota will be fished by another company

By Barb Dean-Simmons | March 8, 2024 17:15 GMT
The fishing vessel Seaman's Toy I was one of the assets of Nova Scotia-based Chester Basin Seafoods Group, which was just sold through a receivership process. Image from the website of Chester Basin Seafood Group.
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Chester Basin Seafoods Group (CBSG), a Lunenburg, Nova Scotia-based exporter of live lobster and one of the largest harvesters of silver hake in Atlantic Canada, is bankrupt and has been forced to hand its 4.3 million pounds of hake quota to another company to fish, Undercurrent News has learned. [...]

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