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Difference.

Steaming lobster is actually preferred over boiling as it tends to tenderize the lobster meat especially for larger lobsters. Start off with a large stock or lobster pot and cover the bottom with 2" of generously salted water (ideally, sea salt). Bring water to a boil, place the lobster in head first and cover.
The cooking times.

Lobster Weight	Cooking Time
1-1.25 lbs.	10-12 minutes
1.25 - 2 lbs.	12-18 minutes
2 - 3 lbs.	18-25 minutes
3 - 6 lbs.	25-40 minutes
6 - 7 lbs.	40-60 minutes
8 lbs. & over	7 minutes per pound.

Terry