(CBS News) GLOUCESTER, Mass. -- On a bright summer day, you would expect the waters off Massachusetts to be filled with fishing trawlers looking for cod. But this year, many of the boats are staying in port -- and the crews fear their way of life may be slipping away.
For 400 years, cod dominated New England's fishing industry. It was central to the economy of Gloucester, Mass.
Al Cattone has fished here for three decades.
"It's the only job I've ever had," he said. "I started when I was 12 -- summers fishing with my dad. And once I graduated high school, I started full-time."
On a great day, he could reel in 2,000 pounds. But new government limits have reduced his catch to 500 pounds a day. He's on the water just once a week now instead of six.
How does he survive off of a once-a-week catch?
"You can't," he said, and then added, "I haven't been squeezed. I have been destroyed."
Read the full story at CBS News>>
National Fisherman Live: 11/06/14
In this episode:
NOAA report touts 2013 landings, value increases
Panama fines GM salmon company Aquabounty
Gulf council passes Reef Fish Amendment 40
Maine elver quota cut by 2,000 pounds
Offshore mussel farm would be East Coast’s first