The Ministry of Fisheries and Ocean Resources officially announced Saturday the immediate issuance of permits for commercial gulper shark fishing, ending a long-running moratorium implemented over conservation fears.
The decision, formalised under the newly authorised Gulper Shark Fisheries Planning and Distribution Regulations, marks an effort to harness significant economic benefits—particularly through the lucrative market for value-added shark oil—while maintaining stringent management over the marine ecosystem.
Historically practiced in the island nation, the deep-sea gulper shark fishery was curtailed years ago amidst growing concern that deep-sea shark populations were declining. However, recent reports from fishing communities noting a noticeable increase in overall shark presence—coupled with government estimates that a controlled fishing could generate substantial national income—have driven the policy reversal.
To ensure the new venture remains sustainable and highly regulated, the Ministry has established a detailed licensing system and capacity limits. Under the new rules, a maximum of 40 vessels nationwide will be granted gulper shark fishing licenses, valid annually from 1 November to the following October. Comprehensive licensing is mandatory for all segments of the supply chain, including vessels (USD 129.70 annual fee), processors (USD 324.25), and suppliers (USD 194.55).
Operational activities are restricted to four designated ports to facilitate monitoring and enforcement—Haa Dhaalu Kulhudhuffushi City Port, Funadhoo, Shaviyani Atoll, Maduvvari, Raa Atoll, and Himandhoo, Alifu Alifu Atoll.
The regulations emphasise strict species selectivity and handling protocol. Fishermen are explicitly prohibited from targeting any species other than gulper sharks and are strictly banned from separating or processing any part of the catch before it is delivered to the designated port.
The penalties for non-compliance are severe—fishing in unauthorised zones or targeting non-gulper sharks will result in initial fines up to USD 6,485.08. Repeat offenders or those found operating without a valid license face elevated penalties, with fines for serious violations reaching up to USD 25,940.34.