Foreign trawlers, illegal fishing, staff shortage deny Somalia $300m in revenue

Vendors offload a catch from fishing boats at Bosaso beach in Puntland, northeastern Somalia. PHOTO | AFP

After sharks are captured off the coast of Somalia, their meat is salted, sun-dried and transported overland to Kismayo for export to Mombasa, Kenya, the main market in East Africa.

Shark fins, on the other hand, are flown to Hong Kong and Singapore, where they are regarded as a delicacy while liver oil from the dwarf gulper shark is exported to Japan via Salalah (Oman) or Dubai.