The Intelligence from The Economist Net losses: plunder of the oceans
Oct 30, 2020
Dominic Ziegler, an expert on illegal fishing, and Tom Nuttall, Berlin bureau chief, dive into pressing global issues. They highlight the shocking scale of illegal fishing and its devastating effects on workers and ecosystems. The discussion also touches on the rise of millennial investors reshaping finance with their focus on corporate responsibility. Additionally, they humorously recount the saga of Berlin's new airport, a project marred by years of mismanagement that finally opens with a mix of optimism and challenges.
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North Korean Ghost Ships
- Hundreds of North Korean fishing boats have washed up on Japanese shores.
- These unseaworthy vessels were forced further out to sea due to large Chinese fishing vessels in North Korean waters.
Dark Fleets Revealed
- The discovery of a large Chinese fishing fleet in North Korean waters highlighted the issue of "dark fleets".
- These fleets operate illegally and try to avoid detection.
IUU Fishing Impact
- Illegal, unreported, and unregulated (IUU) fishing accounts for a significant portion of the global catch.
- IUU fishing, including dark fleets, contributes to declining fish stocks and economic losses.