November 2, 2022 — A sharp increase in energy costs and inflation in 2022 will result in E.U. fisheries struggling to maintain profits, and the fleet could end 2022 in a loss-making position, according to the “2022 Annual Economic Report on the E.U. Fishing Fleet” published by the European Commission Scientific, Technical, and Economic Committee for Fisheries (STECF).
STECF’s projection doesn’t consider E.U. financial support and the national state aid that could be provided to mitigate the socio-economic impacts of rising energy prices and inflation.