Dutch cutter fishing is significantly loss-making this year after a difficult 2021

Published 2022년 9월 30일

Tridge summary

The Dutch cutter fishery has experienced significant financial losses over the first 8 months of the year, with an estimated loss of 20 to 30 million euros due to high fuel prices, crew shortages, and maintenance wait times. The most significant losses were incurred by the boom trawl fishing method, followed by twinrig, shrimp, quadrig, and flyshoot fisheries. These losses contrast with the profitable years of 2018, 2019, and 2020. The industry also faces challenges such as decreasing deployment and supply, potential economic impact of Brexit, and competition for fishing space from wind farms. Despite these challenges, the mussel sector has seen positive economic growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the first 8 months of this year, the Dutch cutter fishery is estimated to have lost more than 20 million euros (20 to 30 million euros), whereby all fishing methods applied were on average loss-making. Boom trawl shows the most negative result of approximately -14 million euros, the twinrig fishery -4 million euros, the shrimp fishery -2 million euros, the quadrig (on Norway lobster) -1 million euros and the flyshoot fishery (snurrevaad method, especially on mullet and squid). -3 million euros. Many cutters have been idle for a long time this year because it was expected that fishing would be unprofitable. The main reasons for the shutdown are high fuel prices (war in Ukraine), crew shortages and cutter owners waiting to be able to remediate in the autumn of 2022. Downward trend The year 2021 (an entire year) shows a preliminary result of -3 million euros . In the years 2018, 2019 and 2020, the results were respectively +48, +9 and +5 million euros. It is expected that ...

Source: Agrimatie