Seafood Industry Sinking From Virus Fallout Pleads for Bailouts

Seafood processors and fishers struggling with falling prices and disappearing markets during the coronavirus pandemic are pushing for federal bailouts following a government directive to send aid to New England’s lobster industry.

“We’re all scared. We’ve got tons of money wrapped up in these businesses,” said Nick Muto, the Cape Cod Commercial Fishermen’s Alliance chairman and an independent small-boat captain dealing in groundfish and lobster. “We’re definitely hoping for some help here from the federal government,” Muto added. “But I’m leery to bet on it.”

Restaurant closures, mandated by local officials nationwide to slow the rate of infection, decimated seafood ...