10/07/2009 - Every year, an average of 38 million sharks are finned – that is, dragged aboard a boat to have their fins cut off — according to a 2006 study by Shelley Clarke, a fisheries scientist at the Imperial College of Conservation Science based in London.
The fins, most of which end up in Hong Kong or mainland China, can fetch as much as $25 a pound for small fins and $80 to $100 a pound for large ones, according to George Burgess, director of the Florida Program for Shark Research and the International Shark Attack File, and Russell Hudson, president of Directed Sustainable Fisheries.
Palau has never had a domestic commercial fishing fleet, according to Matt Rand, director of global shark conservation at the Pew Environment Group, part of the Pew Charitable Trusts. But fisheries from surrounding countries have obtained international permits to participate in fishing and finning in Palau’s waters.
Read the full article Sanctuary to Counter Shark Fin Soup Market on the The New York Times' Green Inc. Blog.