August 22, 2019 — The turnover achieved by the United Kingdom’s fishing fleet reached GBP 1 billion (USD 1.2 billion, EUR 1.1 billion) for the second consecutive year in 2018, although external factors such as fuel cost, weather, and the political landscape have led to a fall in profits, new figures released by seafood public body Seafish showed.
Seafish’s report, “Economics of the UK Fishing Fleet 2018,” which analyzes the performance of the catching sector and is based on the most recent annual accounts available for fishing vessels, also confirmed that operating costs for U.K. vessels increased by 2 percent last year to GBP 759 million (USD 922.9 million, EUR 832.6 million).