Publication Name

dpa

Author(s)

Lin Yang

The Pacific island nation of Palau has fined a Taiwanese fishing boat 65,000 US dollars for illegally catching sharks in its waters, according to the environmental group Greenpeace on Thursday.

Palau designated its territorial waters a shark sanctuary in 2009 following reports that global shark populations are being decimated by high demand for shark fins, a traditional delicacy in Chinese cuisine.

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The Pew Environmental Group estimates that the fishing industry kills up to 73 million sharks annually, resulting in 30 percent of shark species being threatened or near-threatened with extinction.

Taiwan catches 47,635 tons of shark per year, putting it in fourth place globally, according to Pew.

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