Blue Harvest Fisheries, established in 2015, is devoted to the sustainable harvesting, processing, and marketing of MSC certified premium Atlantic sea scallops and the sales of distribution of other premium seafood products. Blue Harvest is committed to harvest seafood from only well managed, sustainable fisheries and further strives to have all its seafood third party certified for sustainability.
March 2016 – Blue Harvest Fisheries, LLC (“Blue Harvest” or the “Company”) announced the acquisition of seven Massachusetts-based scallop vessels and related shoreside assets from Harbor Blue Seafood, Inc. and related affiliates (“HBS” or “Harbor Blue”). Blue Harvest now owns 15 scallop vessels and operates shoreside facilities in Newport News, Virginia and New Bedford, Massachusetts
Blue Harvest Fisheries filed for Chapter 7 bankruptcy in September 2023, which means the company is going through liquidation rather than restructuring its operations. The company shut down all fishing activities in early September, leaving its fleet idle at the docks. Blue Harvest had rapidly expanded since its founding in 2015, acquiring numerous fishing permits and vessels, and at one point, it became the largest permit holder for New England groundfish.
However, despite selling off assets, including its scallop fleet, earlier in 2023 for around $100 million, Blue Harvest could not cover its debts. The bankruptcy filing lists between 1,000 to 5,000 creditors. The company's remaining assets were auctioned off for $12 million, though this amount did not fully cover the outstanding debts?.
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BHF - Blue Harvest Fisheries, LLC
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