Environmental, Legal and Reputational risks brought by shark fin carriageMany shark species are threatened with extinction, and more and more species are now protected by international or national conventions. Added to this is the challenge in identifying efficiently the species of sharks used in shark fin products. As such, differentiating between threatened and non-threatened, and protected and unprotected species of shark presents a significant challenge for carriers and poses several legal and environmental risks. In addition, the general sentiment of societies in favor of shark conservation around the world has improved. If a shipping company continues to generate profits through shark fin carriage, they may attract unwanted public attention and negative sentiment. These Environmental, Legal and Reputational risks may well result in an economic loss for a company.
Learn more: Managing Risk – Global Shipping Companies Say No to Shark Fin
Below are the shipping companies that operate liner routes between Hong Kong and key shark fin trading partners. WWF-Hong Kong urges these companies to establish a No Shark Fin Carriage Policy and is waiting their feedback:
China United Lines Ltd., Kanway Line Company Limited, CK Line, Heung-A, JJ Shipping, KMTC, Namsung, Sinokor, Sinotrans
Shipping companies that banned shark fin shipmentsToday, at least 17 global shipping companies have banned shark fin shipments
|OOCL||Yang Ming||NYK Line||MOL||PIL|
|HMM||‘K’ Line||ZIM||Wan Hai||X-PRESS FEEDERS|
WWF-Hong Kong understands the effective implementation of the no shark fin carriage policy necessitates additional steps. We have therefore created an implementation guideline tailor-made for the shipping industry.
Learn more: No Shark Fin Carriage Policy Implementation Guidelines