Scottish Fleet Financial Performance 2008 Mid-Year Review

Summary

The Mid-Year Review combines the results of a survey and the update of the Seafish profit forecast model. The key findings are: # Increasing fuel prices have dampened expectations for the future in all fleet segments (whitefish and nephrops). # Fishing income in 2008 is expected to be between 10% - 20% higher than 2007 for most segments in this report. # Average forecast profits are decreasing significantly compared to previous years for all fleet segments. # Price for leasing cod quota has risen to £1,500 per tonne from £700 in 2007 and £300 in 2006. # Crew retention is a growing challenge for skippers.

Author

• Sébastien Metz,
• Hazel Curtis

Publication date

01 September 2008