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Rafael sitting on $46m deal for 7 scallop vessels?

September 11, 2019 — New England’s commercial fishing industry has yet to see any kind of a public announcement regarding who will step up to buy Carlos Rafael’s 30 groundfish and scallop vessels or their 43 related permits, but documents —  copies of which were obtained recently by Undercurrent News — reveal he had a deal lined up almost two weeks ago for nearly a quarter of his fleet.

Whether the deal remains in place, however, remains unknown.

A seven-page purchase agreement, dated Aug. 29 and signed by Stephanie Rafael DeMello, daughter of the imprisoned former New Bedford, Massachusetts-based seafood mogul, show him selling seven of his total 11 scallop vessels, including the Apollo and Athena, and all of their related scallop and groundfish permits to an undisclosed buyer for $45,950,000.

Read the full story at Undercurrent News

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