Find More Bait Products Illegal fishing is a big problem facing
the global fishing industry. A report1 by the ocean conservation
group, Oceana2, released earlier this month, found that illegal,
unregulated and unreported (IUU) fishing accounts for 20 percent
(11 to 25 million metric tons of fish) of the global catch. IUU
fishing contributes to economic losses of $10 to $23 billion,
and threatens the 260 million global jobs that are dependent on
marine fisheries. Released during the 2013 Managing Our Nation s
Fisheries Conference in Washington, D.C., the report calls IUU
fishing a major threat to the oceans, consumers and seafood
businesses around the world. The sheer size of the problem of
IUU fishing becomes clear when you look at some of the examples
cited in the report: - Three to four times more sharks are
killed than official reports claim, as the shark fin trade in
Hong Kong suggests, which yields $292 to $476 million in shark
fin sales. - Illegally caught Russian sockeye salmon is
estimated to be 60 to