Rejuvenated fish auction holding its own

”We’re not going anywhere,” says Kristian Kristensen.

Almost a year ago, he purchased the assets of the port of Gloucester’s original seafood auction business after the taint of price skimming delivered the coup de grace to a family that had gone deep into debt fighting off years of federal fisheries law enforcement harassment.

Soon after Kristensen took over the operation of the business on Harbor Loop, a tenant on the Ciullas’ property, he changed the name to the Cape Ann Seafood Exchange and introducing a new computer software system that gave real time, reliable figures on prices — a sticking point for the old regime.

But New England’s dominant auction business, established in New Bedford by the Canastra brothers, Richie and Raymond, had also opened an outlet in Gloucester with great fanfare at Fisherman’s Wharf. That facility, on property owned and renovated by Vito Giacalone, is operated by his three sons for the Canastras.

Click here to read the full story from The Gloucester Times >

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