Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • US loosens export restrictions for the UAE
  • Why Delhi CM has requested Nitin Gadkari to declare Mandi Road a national highway
  • China’s Open AI Models Are Advancing Its Global Soft Power
  • Australia and India Finalize Uranium Trade Deal
  • Aurobindo Pharma sets up arm in Indonesia for manufacturing
  • Gallery of Chongqing Lijia Smart Hall / Gensler
  • PharmTech Weekly Roundup–July 10, 2026
  • Shein Gets Approval for Hong Kong IPO – The Business of Fashion
  • Beijing rejects NATO ‘moves’ picturing China as threat in Arctic
  • Global Food & Drink Briefing: Bangkok to Toronto
  • The UAE is building its future. Here are the 10 projects leading it
  • Thailand Creates a New Gateway to Malaysia as Sadao Border Crossing Revolutionises Tourism Routes, Freight Movement, Investment Opportunities and Regional Connectivity Across the ASEAN Region
  • The Business Capability Becoming More Valuable Than Scale
  • NutraCast: How biotechnology is powering the lifemaxxing movement
  • Trending Stocks Today, July 10, 2026: PC Jeweller Extends Rally, Vodafone Idea Gains, Vedanta Iron and Steel Surges And Freezes, Kalyan Jewellers Continues Climb
  • England vs India Test: Wong takes key wicket of Mandhana before she reaches century! – Sky Sports
  • Watch: Typhoon Bavi forecast to bring heavy rains and floods to Taiwan, Japan and China – BBC
  • Hong Kong Named Exclusive Asian Host of Middle East’s Flagship Tech Expo “LEAP East” for the Next Three Years
Friday, July 10
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore by countries»Indonesia»Vessel buyout scheme launched in Indonesia to help conserve CITES-protected shark, ray populations
Indonesia

Vessel buyout scheme launched in Indonesia to help conserve CITES-protected shark, ray populations

By IslaApril 10, 20263 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Indonesian ocean conservation NGO Kebersamaan Untuk Lautan (KUL), together with researchers from Bangor University, IPB University, and the University of Oxford, recently launched a pilot program on the Indonesian island of Lombok that has resulted in what is believed to be the nation’s first vessel buyout scheme.

The program centered around Tanjung Luar, which is on the east coast of Lombok and is home to around 61 licensed shark longline vessels. According to KUL Co-Founder and Director Hollie Booth – who is also a research fellow at both Bangor University and the University of Oxford – over a two-year reporting period those vessels caught more than 13,000 sharks and rays with more than 90 percent of that catch now listed under the Convention on International Trade in Endangered Species (CITES).

“As international trade regulations on sharks continue to tighten, the long-term viability of targeted shark fishing is increasingly uncertain,” she said in a recent University of Oxford Department of Biology article. “As such, the Tanjung Luar shark fishery represents a risk for threatened species, CITES compliance, and the 150 fisher households who depend directly on this fishery for their livelihoods.”

To help protect shark populations off the Lombok coast, while also prioritizing the livelihoods of local fishers, KUL decided to ask fishermen whether they would voluntarily exit the fishery for a price they set themselves, rather than lobbying for the fisheries to be restricted or fully shut down.

“Relying on rules and enforcement alone – by simply restricting trade and banning these fisheries – is overly simplistic and likely to fail,” Booth said in a LinkedIn post. “Such approaches ignore the opportunity costs borne by coastal communities and the importance of legitimacy, risk driving trade underground, and can lead to perverse outcomes.”

Using a reverse auction, four fishers submitted confidential bids to the NGO, two of which were selected and bought out. Once compensated IDR 300 million (USD 17,550, EUR 15,000) each, the two owners’ licenses were canceled and vessels decommissioned in partnership with the relevant provincial fisheries authority: the Department of Marine Affairs and Fisheries of West Nusa Tenggara (DKP NTB).

“Over a 10-year horizon, the removal of these two vessels alone is projected to prevent more than 4,000 threatened and CITES-listed sharks and rays from being killed – at a cost of less than USD 9.00 [EUR 7.68] per animal,” Booth said. “No bans. No coercion. Just a fair, transparent mechanism that puts the choice in fishers’ hands, which provides a proof of concept for fishery transition plans to phase out targeted shark fishing, should governments decide to pursue such policies to implement.”

Booth said that in the future, vessel buyout schemes can serve as one effective approach in a wide range of conservation efforts as Indonesia works to implement CITES obligations.

KUL was recently appointed as the coordinator for shark and ray fisheries management in the Indonesian province of West Nusa Tenggara, which includes Lombok, and has worked closely with DKP NTB on conservation structures and mandates in the province.



Source link

Related Posts

Aurobindo Pharma sets up arm in Indonesia for manufacturing

July 10, 2026

India-Indonesia Sabang Port Strategy across the Malacca Strait

July 10, 2026

Senior Indonesian Delegation Arrives in Iran to Pay Tribute to Late Iranian Leader

July 10, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

China Scraps 12,000 Degrees in Biggest Academic Overhaul in Years

June 14, 2026

Chinese Wall may stem India tech flows for electronics and automobile

June 1, 2026

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026
Don't Miss

US loosens export restrictions for the UAE

By IslaJuly 10, 2026

The US is expanding the UAE’s access to controlled American technologies after the Commerce Department…

Why Delhi CM has requested Nitin Gadkari to declare Mandi Road a national highway

July 10, 2026

China’s Open AI Models Are Advancing Its Global Soft Power

July 10, 2026

Australia and India Finalize Uranium Trade Deal

July 10, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

The Business Capability Becoming More Valuable Than Scale

By IslaJuly 10, 2026

NutraCast: How biotechnology is powering the lifemaxxing movement

By IslaJuly 10, 2026

Trending Stocks Today, July 10, 2026: PC Jeweller Extends Rally, Vodafone Idea Gains, Vedanta Iron and Steel Surges And Freezes, Kalyan Jewellers Continues Climb

By IslaJuly 10, 2026
Most Popular

Developer AHS buys Shangri-La hotel in Dubai and plans to launch new Dh25bn project this year

June 10, 2026

Malaysia PM Anwar facing crucial test of support as two states call early elections

June 5, 2026

China says it will resume some ties with Taiwan including more direct flights

April 12, 2026
Our Picks

Yunnan Yukun vs Beijing Guoan Prediction, Betting Tips, Lineups & Odds

May 2, 2026

Hong Kong Insurance Sales to Mainland Chinese Unaffected by Investment Crackdown

June 1, 2026

Is its process tech dominance strong enough for sustainable growth?

April 19, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.