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Tens of thousands vessels cornered with off-fishing in soaring diesel price

By: INFOYU
Dec 20,2007


Due to the price hikes prevailing in the recently diesel market originally driven by the heavy deficiency in fuel industry, thousands of fishing vessels in the coastal regions of South China Sea are dragooned into berthing for off-fishing. The increased figure on diesel market price has fetched 7,000-8,000Yuan/ton at moment, which means 70% from the total fishing cost has been accounted for diesel expenditure, potential. Due to a potential big loss, most fishing operation, especially for the high-powered deep-sea fishing vessels, has to be shut off. It’s said even 90% off-fishing has been presented in some areas. Other related industries such as seafood transportation, ice plants and seafood restaurants are also involved in this adverse impact.

To better relieve the severity, some measures have been enforced by government to improve the fishing subsidy standard in the part of diesel cost.

 
 
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