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80% of Hong Kong Fishermen Suspend Operations Amid Rising Fuel Costs

4/8/2026

22 3 Full Breakdown

Summary

Story summary

Up to 80% of Hong Kong fishing vessels have suspended operations ahead of a moratorium as red oil prices have doubled since Middle East conflict began.
Cheung Siu-keung, chairman of Hong Kong Fishermen Consortium, says many fishermen cannot afford to operate.
Local transport sectors welcomed a ceasefire between the U.S. and Iran but urged subsidies to offset fuel costs.
Lawmaker Tang Fei urged measures to address inflation pressures across sectors.

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Story summary

Up to 80% of Hong Kong fishing vessels have suspended operations ahead of a moratorium as red oil prices have doubled since Middle East conflict began.
Cheung Siu-keung, chairman of Hong Kong Fishermen Consortium, says many fishermen cannot afford to operate.
Local transport sectors welcomed a ceasefire between the U.S. and Iran but urged subsidies to offset fuel costs.
Lawmaker Tang Fei urged measures to address inflation pressures across sectors.