Fishing Fuel Costs at Tipping Point

Many fishing vessels are facing a cruel choice between tying-up or going to sea to make a loss. NFFO members are providing landings information that illustrate although reasonably healthy grossings are being made, after deductions for fuel earnings for crews are risible. In one example a vessel in the south-west made a landing worth £11,0489 but fuel costs swallowed £10,416. In another case, a landing of £44,176 and a fuel bill of £29,068 left £1516 to be shared amongst 8 crew. A third example was an inshore vessel after eight days fishing made £8706 but faced a fuel bill of £5234, leaving £927 for the crew. These examples illustrate that the current situation is unsustainable are at the point beyond which vessels will have to tie up. >click to read< 08:18

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