(FOX NEWS) PORTSMOUTH, N.H. – Minutes after New England fishery managers took a vote that cast doubt on the historic industry’s future, the prospects most clear to Gloucester fishermen Paul Vitale were his own.
“I’m bankrupt. That’s it,” said the 40-year-old father of three. “I’m all done. The boat’s going up for sale.”
The New England Fishery Management Council on Wednesday approved a year-to-year cut of 77 percent on the Gulf of Maine cod limit and 61 percent for Georges Bank cod.