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
Atlantic cod for one year the planned 82% reduction in catch limits. Instead, the limit was reduced by 22%. The fishery brought in $15.8 million in 2010, coming second behind Georges Bank haddock among the region's 20 regulated bottom-dwelling groundfish. Data released in 2011 indicated that even closing the fishery would not allow populations to rebound by 2014 to levels required under federal law. Restrictions on cod effectively limit fishing on other groundfish species with which the cod swim, such as flounder and haddock. Cod populations or stocks can differ significantly both in appearance and biology. For instance, the cod stocks of