Fleetwood and as transport became more efficient, more overnight visitors became day visitors. The Hillhouse plant was heavily cut back, and was finally closed in 1999. Most serious, however, was the collapse of the fishing industry, which was largely destroyed in the late 1960s and early 1970s by the Cod Wars, a dispute over fishing rights between Iceland and the UK. As Fleetwood's trawlers mainly fished the North Atlantic in search of cod, the loss of the fishing grounds hit the town hard. The last deep sea trawler left the town in 1982 and now only inshore fishing boats fish out
Collapse of the Atlantic northwest cod fishery of Maine had led to overfishing despite regulation. Thus, overestimates of stock biomass due to generalisation of local estimates, and ignorance of environmental factors in growth or recovery potential of a cod fishery would lead to mismanagement and further collapse of stocks, through further unsustainable quotas, as in the past. Collapse of the Atlantic northwest cod fishery In 1992 the Canadian Federal Minister of Fisheries and Oceans, John Crosbie, declared a moratorium on the Northern Cod fishery, which for the preceding 500 years had largely shaped the lives and communities of Canada's eastern coast. Fishing societies interplay with the resources