Transforming the global fishing industry

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Transforming the global fishing industry

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Franco Banfi Getty Images Advertisement The bluefin tuna is one of the biggest, fastest fishes in the ocean. Its streamlined body can sprint at up to 45 miles per hour in pursuit of its prey.

Reaching some pounds, this giant once dominated the Atlantic, Pacific and Indian oceans. But humans have hunted the bluefin for thousands of years. In the last century stocks have been decimated.

The Pacific population is now just 2. There is no universal law protecting biodiversity. That is about to change. The United Nations is pushing to protect marine life on the high seas with a legally binding treaty by Delegates from nations are working on it at U.

Yet tension is already in the air. Russia, for example, is vocalizing its opposition to global governance of international waters, a position that could delay or even scuttle the process.

And certain nations, from Africa and South America in particular, have made it clear any benefits reaped from international waters should be shared with countries worldwide. They contain valuable fisheries and support ecosystems found nowhere else. Yet until last year there was not a single, large marine protected area in international waters.

Today, just 1 percent of the high seas is off-limits to industry. Mounting pressure for protection is stemming in part from a new wave of exploitation about to hit the high seas. These include the Clarion-Clipperton Fracture Zone —a region of seamounts in the central Pacific—and the Lost Citya hydrothermal field in the Atlantic scientists say could hold clues to the evolution of life on Earth.

Meanwhile chemical manufacturers are scouring the deep sea for organisms whose genomes could lead to new cosmetics, foods or pharmaceuticals. By the end of the U.

The treaty is likely to be an extension of the U. That agreement does not cover biodiversity, however.

Transforming the global fishing industry

In the U. Another issue that could derail the negotiations is how to share the benefits of discoveries. Right now, a single corporation—the German chemical company BASF—owns nearly half pdf of all globally registered patents for marine genetic sequences, and has the right to commercialize patents from the high seas without sharing the profits or other benefits.

In national waters that is no longer possible, owing to a U. Developing countries would like to extend this principle to international waters.

But developed nations such as the U.Illegal practices in the global fish trade have made fishing an international cause of concern. Unregulated fishing can be a big threat to the global fishing economy as well as the environment.

Transforming the global fishing industry

By leveraging the power of big data in the fishing industry, we can solve these issues. Beaverdam Reservoir Fishing Report May 11, Submitted by: Park Ranger, Michelle Dawn The lake temperature is between 65 and 72 degrees, depending on the side of the lake you are fishing.

Project Significance. The value of the global shipping industry is expected to reach USD billion by However, the industry still relies on outdated and inefficient technology, and blockchain will provide innovative solutions.

parallel to the emergence of a global market for fish,a market for‘sustainable fish’has also been established, mostly as a result of the creation of the Marine Stewardship Council (MSC: see certification system (Ponte ; Gulbrandsen ; Auld and Gulbrandsen ; Hallström and Boström ; Gale and Haward ).

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Transforming the Global Fishing Industry: The Marine Stewardship Council at Full Sail? Transforming the Global Fishing Industry: The Marine Stewardship Council at Full Sail?

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