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Sea Harvest suffers 25% drop in full year earnings after fuel price hike

Sea Harvest's fuel bill in South Africa surged by 93% in 2022 -- an additional ZAR 290 million in fuel expenses for the year -- for its fleet of 42 vessels

By Louis Harkell | March 9, 2023 10:32 GMT
Sea Harvest's Harvest Mzansi vessel. Credit: Sea Harvest
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South Africa's Sea Harvest Group recorded a 25% drop in full-year earnings before interest and tax to ZAR 500 million ($26.8m) after a hike in fuel prices and disrupted supply chains. [...]

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