October 18, 2023 — The trustee overseeing Blue Harvest Fisheries’ Chapter 7 bankruptcy proceedings has filed a motion to proceed with an auction of all the company’s remaining assets on 6 November, as some of the company’s fleet is reportedly already being scrapped.
Blue Harvest filed for Chapter 7 bankruptcy protection on 8 September, soon after the company shut down all of its operations. Chapter 7 bankruptcy means the company has officially ceased all of its operations and will be sold off to pay creditors, many of whom will likely see little compensation after what is left of Blue Harvest’s property is sold.