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Bloomberg Business

When a Handful of Scallops Comes With a £12,000 Fuel Bill

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When a Handful of Scallops Comes With a £12,000 Fuel Bill
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Britain’s fishing industry is struggling as diesel prices rise, squeezing margins that crews rely on to get cod and lobster to market. The article describes early-morning scenes in London’s Canary Wharf and the UK’s biggest fish market, Billingsgate, where workers move catch in ice-laden crates. With fishermen using wellies and hauling product by dawn, the core problem is economic: the cost of fuel is climbing faster than the pricing power of a boat trip. The piece frames the challenge as a basic arithmetic problem for fleets operating in an environment where operating costs and demand pressures both influence what comes to port.

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