In New England, fishermen are bracing for what may be unprecedented restrictions or even a shutdown of cod fishing in the Gulf of Maine. Federal regulators say new data show cod as dangerously overfished, but fishermen say they don't believe that, and say drastic restrictions would be catastrophic. Three years ago, scientists found plenty of cod around. After years of overfishing, they said the stock had rebounded. But new data this season shows just the opposite.
Without cod 120 vessels in Gloucester could end up being insolvent. And that's only the tip of iceberg, because then you have the state of New Hampshire. Every one of those vessels will be in trouble.
Listen to the Saving Seafood Radio Show on cod with Eric Schwaab.