Latest news with #IOTC
Arab News
06-07-2025
- Business
- Arab News
Pakistan eyes $200 million from tuna exports under new fishing quota
ISLAMABAD: Pakistan's Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said this week that the government is eyeing a $200 million boost for the country's tuna sector, after securing a new fishing quota from the Indian Ocean Tuna Commission (IOTC). Pakistan's Maritime Affairs Ministry said in a press release on Saturday that the IOTC has issued Islamabad a new tuna fishing quota of 25,000 metric tons, which comprises 15,000 tons of Yellowfin Tuna and 10,000 tons of Skipjack Tuna. The IOTC is an intergovernmental body comprising 30 member states, established under the United Nations Food and Agriculture Organization (FAO). Its mandate is to manage tuna and related species in the Indian Ocean by promoting sustainable use through scientific research, quota distribution, and regulatory frameworks. 'This is a landmark achievement that promises significant foreign exchange earnings,' Chaudhry was quoted as saying by the ministry on Saturday. 'With international prices for these tuna species ranging between $5 and $7 per kilogram, and potentially higher with value-added processing, the economic potential is enormous.' The minister described the development as a 'turning point' for the country's tuna sector. He noted that though Pakistan currently catches more than 45,000 metric tons of tuna each year, much of it has been escaping the formal economy due to unregulated operations. Chaudhry said to realize the potential of tuna fish as an economic resource, the government has undertaken reforms such as introducing the National Fisheries and Aquaculture Policy. He said the policy is aimed at unifying fragmented regulatory frameworks while promoting environmentally sound and revenue-generating fishing techniques. 'This policy framework supports Pakistan's obligations under international climate and marine conservation agreements,' the minister said. Chaudhry said destructive fishing methods such as gillnetting and trawling are being phased out, with the government replacing them with more selective and environmentally friendly longlining techniques. 'This transition reduces bycatch and supports ocean health in the face of climate-driven stressors such as warming waters and changing migration patterns,' he said. He said the government has undertaken reforms such as the revision of certification and testing fees for seafood exports, resulting in a revenue increase from Rs48 million [$168,960] to Rs250 million [$880,000]. Finance Minister Muhammad Aurangzeb has repeatedly spoken of the government's intentions to put Pakistan on the path to sustainable economic progress through exports. The South Asian country hopes to increase its exports to escape a prolonged macroeconomic crisis that decreased its foreign exchange reserves and weakened its national currency, especially in 2023, before the government undertook fiscal reforms.
Express Tribune
05-07-2025
- Business
- Express Tribune
Govt eyes $200m from tuna exports
Listen to article Pakistan is poised to gain $200 million from the export of tuna fish in the coming years due to an overhaul of the industry. Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has announced that Pakistan's tuna sector is set for a $200 million boost following global quota allocations and regulatory reforms. For the first time, Pakistan has secured a tuna fishing quota of 25,000 metric tonnes from the Indian Ocean Tuna Commission (IOTC), comprising 15,000 tonnes of Yellowfin Tuna and 10,000 tonnes of Skipjack Tuna, according to an official press release. These quotas are aligned with climate-conscious fisheries management principles aimed at protecting marine biodiversity and reducing pressure on ocean ecosystems. "This is a landmark achievement that promises significant foreign exchange earnings," the minister said. "With international prices for these tuna species ranging between $5 and $7 per kilogram, and potentially higher with value-added processing, the economic potential is enormous." Calling the development "a turning point for Pakistan's tuna sector," Chaudhry noted that although the country currently catches more than 45,000 metric tonnes of tuna each year, much of this high-value resource has been escaping the formal economy due to unregulated operations. To capture the full economic value of the resource, the minister highlighted that "a series of reforms have been launched," including the introduction of the National Fisheries and Aquaculture Policy, aimed at unifying fragmented regulatory frameworks while promoting environmentally sound and revenue-generating fishing techniques. "This policy framework supports Pakistan's obligations under international climate and marine conservation agreements," the federal minister stated. He also announced a major milestone for Pakistan, noting that for the first time in the 28-year history of the Indian Ocean Tuna Commission (IOTC), a senior official from Pakistan's Ministry of Maritime Affairs has been elected as Chair of its Standing Committee on Administration and Finance, a significant step in strengthening Pakistan's role in global tuna governance. The Indian Ocean Tuna Commission (IOTC) is an intergovernmental body comprising 30-member countries, established under the United Nations Food and Agriculture Organisation (FAO). Its mandate is to manage tuna and related species in the Indian Ocean by promoting sustainable use through scientific research, quota distribution, and regulatory frameworks. As part of broader adaptation efforts, the minister said destructive fishing methods such as gillnetting and trawling are being phased out, replaced with more selective and environmentally friendly longlining techniques. "This transition reduces bycatch and supports ocean health in the face of climate-driven stressors such as warming waters and changing migration patterns," he added. The FAO has backed this initiative by providing 10 longline fishing kits free of charge for demonstration purposes to local fishing communities. This transition is expected to increase product value from an average of $2 to $8 per kilogram, the minister noted. He stated that further reforms encompassed the revision of certification and testing fees for seafood exports, resulting in a revenue increase from Rs48 million to Rs250 million. Additionally, infrastructure initiatives have been launched, including the revitalisation of Korangi Fisheries Harbour with the construction of a new auction hall and floating jetty, aimed at enhancing tuna landings and boosting exports, particularly to the European Union. The minister stated that Pakistan's tuna sector now stands at the threshold of a major economic shift. With quotas secured, regulatory reforms underway, and international cooperation growing, the country is poised to become a key player in the global tuna trade, ushering in a new era of sustainable growth and foreign exchange generation for the fisheries sector.
Yahoo
22-05-2025
- Science
- Yahoo
International group sparks debate with sweeping measures to protect sharks: 'We are overexploiting the species'
Newly adopted international measures designed to protect sharks should help several species, but critics worry that one could be left behind. Sharks are often captured as bycatch — unintentional catches in fishing nets — during tuna fishing expeditions, and the Indian Ocean Tuna Commission made protecting the marine animals a focus, Mongabay reported. An estimated 100 million sharks are killed each year, according to the International Fund for Animal Welfare. Along with bycatch, millions are killed through finning, where people remove shark fins and put the animals back in the ocean to die. In its attempt to help, the IOTC included more species within shark-retention bans, restricted certain fishing gear, and enacted stronger reporting requirements for all caught sharks. The organization also ruled that all sharks brought to shore must have their fins naturally attached to their bodies to prove they were not finned. Shortfin mako sharks, however, were not included in the full retention ban. Instead, boats will be allowed to keep the fish if they are already dead by the time they're brought into the boat. Certain fishing gear that's proven detrimental to makos will also continue to be allowed. "Sharks won for the very first time at the IOTC, except the shortfin mako," Iris Ziegler of the German Foundation for Marine Conservation told Mongabay. "For shortfin mako, it was a disaster. We are overexploiting the species, and it may never recover." Sharks are among the large predators that can reduce the amount of carbon dioxide emitted each year by storing carbon in their bodies. They also feed on smaller, plant-eating fish, helping preserve some of the kelp and other marine plants that store carbon. Scientists have actually floated the possibility of introducing reef sharks, and other large predators, into certain environments to help meet carbon-removal targets within the Paris Agreement. The IOTC also decided to later review a 2024 assessment that said yellowfin tuna are no longer being overfished. In particular, the group expressed skepticism about the data used within that assessment. "We have significant concerns over the seemingly miraculous recovery of the stock, given the decade of unrelenting overfishing that preceded the IOTC's most recent yellowfin stock assessment," Jess Rattle of the Blue Marine Foundation told Mongabay. "It is essential that these issues are resolved and that the assessment is reviewed and revised accordingly." Do you think America does a good job of protecting its natural beauty? Definitely Only in some areas No way I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Forbes
19-05-2025
- Science
- Forbes
Indian Ocean Tuna Commission Passes New Shark Rules — With One Big Exception
At the recent 29th session of the Indian Ocean Tuna Commission held in La Réunion, countries finally adopted a suite of shark conservation measures after years of lobbying by environmental groups. These new rules, which aim to cut down on shark bycatch and regulate harmful fishing practices, represent a significant step forward. But for some species… it may not be enough. The IOTC regulates fisheries for tuna and other highly migratory species like swordfish across the Indian Ocean. Tuna and sharks often swim in the same waters, so fishing fleets frequently haul in sharks as bycatch (animals fishers do not want, cannot sell, or are not allowed to keep). In some cases, like with blue sharks (Prionace glauca), they are caught in such high numbers that conservationists argue they should be managed as target species instead; blue sharks make up over 60% of swordfish fishery catches in the region. Many of these sharks species are also intentionally caught for their fins, which are used in delicacies and traditional medicine in parts of Asia. The newly passed resolution now requires that all sharks be landed with their fins still naturally attached, closing a major loophole that allowed for shark finning at sea. Cutting off a shark's fins and discarding the rest of the body not only kills the shark, but makes it nearly impossible to track which species are being caught. The new rule allows some flexibility, such as tagging fins and carcasses and storing them separately, but starting in 2028, any party wanting to use an alternative method will need to justify it with evidence. This change, IOTC argues, is a win for both enforcement and science. Also adopted were stricter retention bans that prevent fishers from keeping certain shark species if they are caught. Oceanic whitetips (Carcharhinus longimanus) and thresher sharks (Alopias spp.) were already protected under such bans. Whale sharks (Rhincodon typus) will be added to that list starting in 2026, assuming the IOTC's scientific committee gives it the green light. Meanwhile, blue sharks will soon be managed under a formal system that includes catch limits and quotas, a first for the species in the Indian Ocean. With updated data showing they're not currently overfished, this preemptive approach aims to keep it that way. But the shortfin mako (Isurus oxyrinchus), already overfished and in danger of collapse, didn't receive the full protection that many hoped for. While there is now a partial retention ban, it applies only under specific conditions: if a mako is still alive when brought aboard, it must be released, but if it's dead (and if an observer or electronic monitoring system is on board) the vessel is allowed to keep it. Given that many makos are caught on wire traces, which virtually guarantee the shark won't survive the fight to the surface, critics say this rule is too weak to make a real difference. These wire traces are often made of steel and are used in longline fishing to prevent toothier fish (like sharks) from biting through the line. They also increase shark catchability (and at times, mortality). The IOTC has now restricted their use, but only in the area north of 20 degrees south latitude. That leaves much of the southern Indian Ocean, including key fishing zones for Spain and other EU countries, unaffected. Since EU fleets tend to fish in those southern waters and use electronic monitoring, they're allowed to keep dead makos while others are not. That discrepancy has drawn sharp criticism from conservation groups, who argue it undermines the intent of the ban and could keep mortality levels far too high for mako populations to recover. Scientific advice suggests mako mortality needs to drop by 60% to give the species a fighting chance. The current resolution likely won't achieve that, and some observers fear it could be too late already. Still, the IOTC considers the adoption of even a partial ban a success, though one unevenly shared. EU officials defended their position by pointing out that many developing coastal nations lack the resources to monitor their fleets as rigorously, leading to gaps in reporting. Without stronger commitments and better data, the path to true recovery for sharks like the shortfin mako remains uncertain.
Iraq Business
01-04-2025
- Business
- Iraq Business
Iraqi Oil Tanker in Collision at Umm Qasr Port
By John Lee. The Iraqi Oil Tanker Company (IOTC) has confirmed that the oil tanker ' Akkad ' was involved in a collision at Berth 9 in Umm Qasr Port on 29th March 2025, with no reported injuries. Following the incident, Minister of Oil Hayan Abdul Ghani directed the formation of a technical investigation committee to determine the cause of the accident. Specialized technical teams are assessing the damage and carrying out necessary repairs, ensuring that the vessel continues its scheduled delivery without delay. The company emphasized that such incidents are part of global maritime operations due to various operational factors and that it is adhering to international safety protocols set by the International Maritime Organization (IMO). It also reaffirmed that all crew members hold certified maritime qualifications, ensuring competent and professional tanker operations. Iraq's Oil Tanker Company reiterated its commitment to maintaining the safety of waterways and enhancing security measures to ensure uninterrupted maritime operations in line with international standards. The Akkad, which was launched just a year ago, has a capacity of 32,000 tons, and measures 184 meters in length and 32 meters in width. (Source: Iraq Oil Tanker Company)
