“Sharkfinning” is the act of removing shark fins from the water and discarding them at sea. When the shark is returned to the sea, it is usually still alive. Unable to swim, the shark slowly sinks toward the bottom where it is eaten alive by other fish.” (http://www.sharkwater.com/index.php/shark-education/ ) or starve to death. Due to the high cost of shark fin meat, many don’t even bother with eating it.
The fins make more money. The demand for shark’s fins has increased tremendously over the years. These fins are used to make shark soup. The shark fins can be brought to shore by many fishermen, who prefer to bring the whole shark. A pound of fins can fetch as high as $500. Each year, approximately 100 million sharks die. Their slow reproduction rate puts them at high risk. Some shark populations are down by 60-70%. The population of sharks is at risk. It can also have a significant impact on the health and future prospects for the ocean. Indirectly, sharks maintain coral reef and seagrass habitats. The loss of sharks has resulted in a decrease in these habitats as well as the loss and decline of commercial fisheries. The herbivores suffer a dramatic decrease without coral reefs and the sharks. 22 countries have put regulations in place since 1994 to ban shark finning.
The 2010 Shark Conservation Act mandates that all sharks caught and brought to shore must have all of their fins intact. In 2012, the Chinese government banned shark fin soup from banquets to reduce their cultural value. The Chinese government banned shark fin soup from banquets in 2012. A survey found that only 6% percent of luxury hotels in Beijing and Shenzhen are now serving the dish. As stated in the previous paragraph, shark fishing will continue to be illegal worldwide. It was legal in all countries but Norway and Iceland where shark finning is legal.
I believe that we will see sharks as less harmful than we do to them in the coming decades.