(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: 9/9/14
In this episode:
Seafood Watch upgrades status of 21 fish species
Calif. bill attacking seafood mislabeling approved
Ballot item would protect Bristol Bay salmon
NOAA closes cod, yellowtail fishing areas
Pacific panel halves young bluefin harvest
National Fisherman Live: 8/26/14
In this episode, National Fisherman Publisher Jerry Fraser talks about his early days dragging for redfish on the Vandal.
More than a dozen higher education institutions and federal and local fishery management agencies and organizations in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and Hawaii have signed a memorandum of understanding aimed at building the capacity of the U.S. Pacific Island territories to manage their fisheries and fishery-related resources.