November 12, 2025 — The American Lobster Benchmark Stock Assessment and Peer Review Report, which assesses the stability of the lobster stock and informs how to manage it, was released Oct. 30, finding that the Gulf of Maine and Georges Bank stocks have declined 34% since peak levels in 2018. The report found that the stock is not depleted but attributed the decrease to overfishing, a finding that some local lobstermen have differing perspectives on.
In contrast, the report, which is commissioned by the Atlantic States Marine Fisheries Commission, found that in waters farther south, the Southern New England stock has been significantly depleted but not overfished, “with record low abundances for all life stages in recent years.”
For the Gulf of Maine/Georges Bank stocks, “the average abundance from 2021-2023 was 202 million lobsters, which remains above the abundance limit reference point but below the fishery/industry target, indicating the stock’s ability to replenish itself is not jeopardized, but economic conditions for the lobster fishery may be degrading,” reads an Oct. 30 press release from ASMFC. “The average exploitation from 2021-2023 was just above the exploitation threshold, indicating overfishing is occurring.”
For context, 82% of lobster landings in the U.S. come from the Gulf of Maine fishery, where small vessels making day trips in nearshore waters make up the bulk of those catches. At just 5% of U.S. landings are larger vessels making multi-day trips offshore with the Georges Bank fishery.