European Fishing Firms Grapple With Debt as Problems Mount
Fishing firms have had to renegotiate their debts in recent years as high interest rates add to the myriad of problems facing the industry
A fisherman sorts scallops aboard a French fishing trawler in the English Channel, on Thursday, Nov. 4, 2021.
Photographer: Nathan Laine/BloombergWelcome to The Brink. I’m Irene Garcia Perez, a reporter in London, where I’ve been looking at the troubles facing the European fishing industry. We also have the latest on US bankruptcies, Kenya and Grifols. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @irenegperez.
Higher interest rates have added to the myriad of problems faced by the European fishing industry, leading some companies including Iberconsa and Avramar to renegotiate the terms of their debt in the last year.