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Half of Thailand’s fishing fleet may stay in port due to diesel shortage, rising fuel prices

Half of Thailand’s fishing fleet may stay in port due to diesel shortage, rising fuel prices

12 Sept 22:49 Key points summarised by AI
  • Half of Thailand's 9,000-vessel fishing fleet faces potential idling due to critical diesel shortages and anticipated price hikes, making sea ventures financially unviable.
  • Disruptions in Middle East oil supplies are expected to elevate 'green' fuel costs, further exacerbated by a likely halving of the industry's diesel quota.
  • Escalating fuel prices threaten to skyrocket seafood costs and disproportionately impact small coastal fishermen, who are already struggling with fuel access.
  • The Thai Fisheries Association is seeking government intervention to cap diesel prices for fishing vessels at 30 baht/litre to ensure industry sustainability.
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