Rising costs, tighter credit squeeze fisherfolk
Business
Finance
October 20, 2026
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Fishing boat operators in Barbados can spend as much as $7 000 on diesel for a single trip, according to Oistins fisherfolk as soaring costs and tighter access to finance squeeze the industry.
Fishers interviewed by Barbados TODAY described how the economics of owning and operating a fishing vessel have been transformed over the past decade, placing intense pressure on fisherfolk.
Where boatbuilding was once a communal endeavour built on mutual assistance and gradual construction, today’s operations demand substantial upfront financing, soaring fuel expenses and escalating maintenance costs.
Business
Finance
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