High Fuel Costs Halt Croatian Commercial Fishing Work
Croatian fishing boats remain moored as fuel costs reach 90% of operating expenses due to the Iran war. Captains warn the industry needs state aid to survive.
Xurve View
Insights:
Xurve View
Croatia fishing operators are mooring fleets as fuel costs now consume 90% of operating expenses following the conflict in Iran. Fuel costs doubled from pre-war levels after the conflict closed the Strait of Hormuz, driving Brent Crude Oil higher. High energy costs threaten the Adriatic fishing sector and the tourism industry, which generates 20% of Croatian GDP.
