Pacific cod appears to be rebounding throughout the Gulf of Alaska after long heat wave Share on Facebook Print article Alaska coastal communities will get a bit of an economic boost in 2021 from increased catches of Pacific cod. The stock, which crashed after a multiyear heat wave starting in 2014 wiped out several year classes, appears to be rebounding throughout the Gulf of Alaska. No cod fishery occurred at all this year in federally managed waters (from 3 to 200 miles out) where the bulk of the harvest is taken, and a catch of under 6 million pounds was allowed in state managed waters (out to 3 miles).