Hey there, this quest is still buggy even after the 12/2 patch that was supposed to fix it. I crafted my fishing net per the previous quest. When I turned that in, I picked up the new quest “Setting Your Very Own Net” - flew to the requested area but I have no net. It doesn’t show up as a quest item next to the quest nor is it in my bags. I flew back and abandoned the quest/reobtained it and now I have no net, and it is not showing as an option for crafting. Whatever you guys tried to do to fix the quest, it didn’t work. This is as of 10:13pm EST 12/2/22.
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Hi Raillie - I had exactly the same problem as you, and it turns out the net is already in the water (faint, yellow) ready for us to click on. (at The Waking Shores) See /way 63.59, 75.38 and look under the water between two rocks. Cheers 
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Just had exactly the same problem as of 12/7, 5 pm Eastern time.
You are a life saver!
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I found the net but it says it’s locked