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updated: 1/31/2013 7:57 AM

New England fishermen say new regs mean ruin

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Associated Press

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.

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