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logo 11/26/2024 4:29:48 PM     
How Foreign Private Equity Hooked New England’s Fishing Industry 
By Will Sennott DK Source: propublica 7/6/2022
Will Sennott
Credit: Tony Luong, special to ProPublica
Owned by a billionaire Dutch family, Blue Harvest Fisheries has emerged as a dominant force in the lucrative fishing port of New Bedford, Massachusetts. Its business model: benefit from lax antitrust rules and pass costs on to local fishermen.
 

Before dawn, Jerry Leeman churned through inky black waters, clutching the wheel of the fishing vessel Harmony.

The 85-foot trawler, deep green and speckled with rust, was returning from a grueling fishing trip deep into the Atlantic swells. Leeman and his crew of four had worked 10 consecutive days, 20 hours a day, to haul in more than 50,000 pounds of fish: pollock, haddock and ocean perch, a trio known as groundfish in the industry and as whitefish in the freezer aisle.

 
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