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The world had already consumed 90 per cent of the global stock of large fish on the high seas - a third of it caught by illegal, unregulated and unreported vessels, according to marine experts and legal scholars who spoke at the FAO Headquarters to mark World Oceans Day on 10 June 2010.
They said the rest of the fish could disappear by mid-century, threatening the well-being of oceans and humans alike. Unless action is taken soon, it could be too late.  Experts noted that oceans regulated the global climate and were a critical part of the biosphere; however, only 1 per cent of oceans were deemed protected areas.
The regional fisheries management organisations are often blamed for overfishing from illegal, unregulated and unreported vessels. These organisations only regulate two thirds of the fish caught. The United Nations Convention on the Law of the Sea has been in force for 15 years. Overfishing is a fault of implementation of the UN law, according to experts.

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