Thailand clamps down on rogue fishing to avoid EU ban
Mahachai, Thailand
A BELATED Thai clampdown on illegal fishing is forcing unlicensed vessels ashore, threatening to paralyse the key industry as the kingdom desperately tries to avoid a European Union (EU) ban on exports worth US$1 billion a year.
Barrels of fish packed in ice are rolled off boats at a bustling port in Samut Sakhon, a coastal province near Bangkok, by the Myanmar and Cambodia migrant workers who prop up the world's third-largest seafood producer. But many will sit idle from Wednesday, say their Thai employers, who have failed to obtain necessary fishing permits under a raft of new gover…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Asia: Oil surges, equities sink as Iran blasts fan Middle East escalation fears
Gold set for fifth weekly gain as geopolitical risks buoy demand
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates