Tag Archives: reefs

South China Sea Reef Destroyers Want Your Money

According to a recent FT.com article the company responsible for most of the destruction of coral reefs and reef habitat in the disputed Spratly Islands is listed on the Hong Kong stock exchange and is planning an overseas listing.

China Communications Construction Company (HK:1800), a large state-owned infrastructure group, announced in March that it was integrating its three dredging assets into a new company, CCCC Dredging, which it would eventually list overseas. That entity was set up in Shanghai’s Free Trade Zone on Wednesday.

China’s dredging programme has created about half a dozen islands in the South China Sea with deepwater harbours and at least one airstrip.

In the past 18 months, according to the US defence secretary, at least 2,000 acres of land have been reclaimed — more than has been done in 60 years by other claimants to the territory, including Vietnam, Malaysia and the Philippines.

Satellite images analysed by IHS Jane’s, the defence consultancy, show that Tianjin Dredging Company, one of CCCC Dredging’s three subsidiaries, operates most of the giant barges that have been digging sand from the seabed and piling it on remote coral atolls with names such as Mischief Reef, Suba Reef and Fiery Cross.

The flotation plans are curious for secretive Tianjin. A listing would require greater transparency and focus more attention on its activities.

In March CCCC said in a filing to the Hong Kong Stock Exchange, where it has been listed since 2006, that it “intends to seek listing of CCCC Dredging overseas at an appropriate market timing”.

Hongkongers and potential overseas investors should be aware that CCCC is not an ethical investment. 

Source: FT,com June 11th, 2015

Vietnam Also Guilty of Destroying Reefs in S. China Sea

It is not just China destroying reefs in the South China Sea by reclaiming land to form island outposts to boost territorial claims. Vietnam is also reclaiming land by dumping enormous amounts of sand on two reefs destroying coral communities and changing the local ecology and likely adversely affecting fish stocks.

The photographs, shared with Reuters by Washington’s Center for Strategic and International Studies (CSIS), show an expansion of the land area of Vietnamese-controlled Sand Cay and West London Reef in the Spratly archipelego and the addition of buildings.

 

Sandy Cay (largest islet in the image) is small islet in the South China Sea occupied by Vietnam. it is visited by seabirds and was home to a rich marine diversity.
 

The director of CSIS’s Asia Maritime Transparency Initiative (http://amti.csis.org/), said the work included military installations and appeared to have started before China began a flurry of reclamation projects last year. “On one site, it has constructed a significant new area that was formerly under water and at another it has used land reclamation to add acreage to an existing island,” Rapp-Hooper said.

The images showed that Vietnam had reclaimed about 65,000 square meters (699,654 square feet) of land at West London Reef and 21,000 square meters (226,042 square feet) at Sand Cay. This compared to 900,000 square meters (9.6 million square feet) reclaimed by China at a single reef, Fiery Cross.
 
Satellite images show that since about March 2014, China had conducted reclamation work at seven sites in the Spratlys and was constructing a military-sized air strip on one artificial island and possibly a second on another.

It appears that claimants to the South China Sea have entered into a land building race that destroys ecology and depletes fish stocks as a result. There can be no real winners in such a race – everybody will lose.