In a new report the World Bank and the UN Food and Agriculture Organisation calculate the losses of the world's fishing fleet due to poor management and depleted fish stocks at 50 billion US dollars per year.

Greenpeace, Seas At Risk and WWF are disappointed with today’s decision by the European Court of First Instance not to protect the waters of the Azores from a significant increase in commercial fishing.

The region supports a diverse range of marine life, including turtles, sharks, whales and dolphins and deep-sea corals, and is especially vulnerable to intensive fishing activities like trawling and longlining. The Court has ruled in favour of a 2003 decision by the Council of Ministers to open one of Europe’s best preserved deep-sea environments to the fishing fleets of all EU member states. Previously these waters were only fished by vessels from the Azores and few from mainland Portugal.

China, Saudi Arabia, Brazil, and India have continued to obstruct and undermine every substantial proposal for tackling GHG emissions from shipping at an IMO meeting in Oslo his week.

The International Maritime Organisation’s special greenhouse gas working group meeting, which concluded today, was tasked with carrying forward a number of key initiatives aimed at reducing GHG emissions from shipping. Despite constructive proposals from the European Commission and EU states, progress on an emissions trading scheme and a levy on marine bunker fuel were blocked entirely, while China and others took every opportunity to weaken and delay plans for design and operational indexes that would reduce CO2 emissions from new and existing ships respectively.