Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

No East Coast lobster ban - for now

lobster_gi.top.jpg By Aaron Smith, CNNMoney.com staff writer


NEW YORK (CNNMoney.com) -- A proposed ban on lobstering has been put on ice, at least for the next few months.

The Atlantic States Marine Fisheries Commission had proposed a five-year moratorium on lobster harvesting along the Atlantic Coast between Cape Cod, Mass. and North Carolina, but on Thursday tabled the ban until fall.

The commission is considering a ban to allow the declining lobster population to recover.

Toni Kerns, senior fishery management plan coordinator at the Commission, said that a committee of biologists will present study results at the follow-up meeting that show how the lobster population would react to three different alternatives: a 50% reduction in harvesting, a 75% reduction, or maintaining the status quo, which is no reduction at all.

Lobstering is currently allowed along the Atlantic Coast, despite the fact that disease killed off large numbers of the crustaceans in Long Island Sound about 10 years ago.

The majority of U.S. lobsters come from Maine, which is not being considered for a ban because the population there is thriving. Lobstermen pulled in a robust 76.3 million pounds in 2009, according to the Maine Department of Marine Resources, the largest harvest in years.  To top of page

Search for Jobs

Index Last Change % Change
Dow 17,694.68 284.96 1.64%
Nasdaq 4,779.25 87.38 1.86%
S&P 500 2,070.77 34.68 1.70%
Treasuries 1.48 0.02 1.10%
Data as of 3:02am ET
Company Price Change % Change
Bank of America Corp... 13.19 0.49 3.86%
Southwestern Energy ... 13.03 -0.86 -6.19%
Alcoa Inc 9.10 -0.23 -2.47%
Micron Technology In... 13.19 0.20 1.54%
Apple Inc 94.40 0.81 0.87%
Data as of Jun 29
Sponsors

Sections

Lesedi La Rona, the 1,109-carat diamond found last November, fails to find a bidder willing to pay the minimum price in London auction. More

Investors are already sifting through the Brexit market rubble for opportunities. Morgan Stanley compiled a list of highly-rated stocks that have limited or no direct exposure to the situation in the U.K. More

West Elm partners with Casper, a two-year-old startup, to get in on the $14 billion mattress industry. More