Their boat is believed to have sunk in Cobscook Bay.
WCSH-TV says the body was recovered during a search Wednesday, but officials aren't saying whose body it was.
The Coast Guard's Chris Berry says a helicopter and three boats were searching for the skipper, Joseph Jones, and crewmembers Darrell Cline and Norman Johnson who failed to return home to Lubec on Tuesday.
WNSX radio says they were on board the 32-foot urchin dragger Bottom Basher.
Berry says a lot of debris from the boat has been found, but no people have.
A search was launched after the fiance of one of the men called to report the boat overdue last night.
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