Global Fishing Fleets Dock Vessels as Diesel Prices Rise
Rising diesel costs force fishing fleets to stay in port from Maine to South Korea. High fuel prices threaten global food systems and narrow profit margins.
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Global fishing fleets are docking vessels as diesel prices have surged following the United States-Israeli war on Iran. Diesel prices hit $5.65 per gallon this week, up from $3.55 a year ago and nearing the 2022 record of $5.82. Fuel costs are forcing fishermen worldwide to reduce trips and threatening global food supplies as profit margins narrow.
