×

POLICY QUOTATION FORM

Please fill out this form and we will get back to you as soon as possible!

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?
QUESTIONS? CALL: +1-888-3698790
  • LOGIN
  • GET A QUOTE

IciCoverage New Site

  • HOME
  • ABOUT US
  • PRODUCTS & SERVICES
  • FAQ
  • BLOG
  • CONTACT US
  • Home
  • Blog
  • Cosco China bans shark’s fin shipments
18 January, 2021

BLOG & Gossip

Cosco China bans shark’s fin shipments

by Desiree Colmenares / Tuesday, 26 July 2016 / Published in Blog

The China’s logistics and transport giant Cosco China Shipping announced that it has pledged a total ban on shark’s fin shipments.

According to Sunday Morning Post, the Asian company made a statement in a letter addressed to the offices of WildAid Hong Kong, a wildlife U.S-based conservation group.

On the document, Mr. Wan Min, President of Cosco Shipping indicates that he is committed to environmental conservation and said that no shark-fin related products will be carried by the company’s vessels, and this will be possible through stricter monitoring and regulation.

He also pointed out that they will create a policy against shark’s fin shipments, just like other container lines.

Hammerhead sharks are endangered species according to The International Union for Conservation of Nature’s red list

Hammerhead sharks are endangered species according to The International Union for Conservation of Nature’s red list

According to Straits Times, 90% of shark’s fin trade is imported by ship. However, imports fell 42% between 2010 and 2015. This is partly due an initiative from 68% of shipping and logistics companies like FedEx and UPS that have created policies against the shipment of this type of cargo.

“By acting responsibly and with great stewardship of our oceans, COSCO Shipping has joined the ranks of all the other major global container shipping lines by banning shark fin from their vessels with immediate effect,” said Alex Hofford, Wildlife Campaigner for WildAid Hong Kong.

With this action from Cosco, a reduction of shark’s fin trade is expected in Hong Kong and internationally.

The letter from Cosco China is preceded by a scandal caused by the recent finding of nearly 1 ton of fins from endangered Hammerhead sharks, inside a Cosco shipping container on board a Cosco vessel arriving from Panama.

Sources:

http://www.green4sea.com/cosco-says-no-to-shark-fin-shipments/

http://www.hellenicshippingnews.com/chinas-biggest-shipping-line-cosco-pledges-total-ban-on-sharks-fin/

 

0
Tagged under: cosco china, cosco containerships, cosco vessels, hammerhead shark conservation, illegal shipments, maritime transport, ocean carrier, sharks fin shipment, sharks fins, wildlife conservation

About Desiree Colmenares

What you can read next

Big Data to detect insurance fraud
BIMCO launches new guide for charter and shipping transactions
How to file a container insurance claim?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Cargo Insurance

    Cargo insurance basics: What is it? Do you need it?

    Every day, cargo valued in billions of dollars ...
  • Allianz starts ambitious climate change protection plan

    The Allianz Group is significantly expanding it...
  • Why is cargo insurance important: The Maersk Honam case

    By law, all shipping carriers are forced to off...
  • Robotics in the insurance industry: The Brightside case

    Robotics in the insurance industry is starting ...
  • Allianz Lanka is created after Allianz’ acquisition of Sri Lankan general insurance unit

    Allianz announced the creation of Allianz Insur...

ICI Twitter
icicoverageInternational Container Insurance@icicoverage·
10h

Last week, LNG carrier spot rates hit an all-time high of $200,000 a day, with one fixture at $350,000a day as the Asian JKM LNG price soared to a record $21/MMbtu on extreme winter weather. By @Splash_247 https://t.co/9eKVFiJuj4

Reply on TwitterRetweet on Twitter1Like on Twitter1Twitter
icicoverageInternational Container Insurance@icicoverage·
14h

Maersk Drilling has been awarded a contract by Spirit Energy for 2009-built jackup rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea. By @Splash_247 https://t.co/56fLghtGGq

Reply on TwitterRetweet on Twitter1Like on TwitterTwitter
icicoverageInternational Container Insurance@icicoverage·
16h

BIMCO has crunched the numbers for dry bulk movements over the past 12 months to highlight China’s dominant position. By @Splash_247 https://t.co/PNUgnKTSuy

Reply on TwitterRetweet on Twitter1Like on Twitter1Twitter
icicoverageInternational Container Insurance@icicoverage·
20h

Monaco’s Scorpio Bulkers, soon to be renamed Eneti as it transitions to an offshore wind vessel owner, has sold another bulker this week. By @Splash_247 https://t.co/heTpSCP65v

Reply on TwitterRetweet on Twitter3Like on Twitter1Twitter
icicoverageInternational Container Insurance@icicoverage·
16 Jan

German owner Harren & Partner is looking to grow its business in the offshore wind sector with the launch of SAL Renewables, having added 2010-built jackup vessel Wind Lift I to its fleet. By @Splash_247 https://t.co/XG4rsmnE4Q

Reply on TwitterRetweet on Twitter1Like on TwitterTwitter
Load More...

ICI Facebook

Unable to display Facebook posts.
Show error

Error: The user must be an administrator, editor, or moderator of the page in order to impersonate it. If the page business requires Two Factor Authentication, the user also needs to enable Two Factor Authentication.
Type: OAuthException
Code: 190
Subcode: 492
Please refer to our Error Message Reference.

Navigation

  • Home
  • About Us
  • Products & Services
  • FAQ
  • Press
  • Blog
  • Contact Us

NEWSLETTER SIGNUP

By subscribing to our mailing list you will always be update with the latest news from us.

INTERNATIONAL CONTAINER INSURANCE

Fidelis Management Inc., P.O. Box 711 Juris Building
Main Street, Charlestown, Nevis.

PHONE NUMBERS

  • +1-888-3698790
  • Home
  • About Us
  • Products & Services
  • FAQ
  • Press
  • Blog
  • Contact Us
  • GET SOCIAL
IciCoverage New Site

© 2017 All rights reserved. International Container Insurance.

TOP