Catch shares tied to cod losses – State fisheries chief cites lack of controls under NOAA system

The 2010 catch share commodification of the Northeast groundfishery, hailed by advocates including NOAA Administrator Jane Lubchenco as a sure path to restoring overfished stocks and profitability for the fleet, has had the opposite effect on Gulf of Maine cod, according to the state’s director of marine fisheries.

The habit of bigger offshore boats to accumulate catch shares in Gulf of Maine cod and capitalize on pulses of the cod with landings far larger than 800 pounds has “significantly contributed to declines in local abundance” of the essential fish for the day boats, state fisheries chief Paul Diodati said in a memo sent Feb. 5 to the Marine Fisheries Advisory Commission and obtained by the Times. Read more here