Palau creates the world's first shark sanctuary, banning all commercial shark fishing in its waters.

We love publishing good news for the ocean and this certainly is one, especially if you have been to Palau's Blue Corner, congratulations on making the first step:

The President of the tiny Pacific republic, Johnson Toribiong, will announce the ban during Friday's session of the UN General Assembly.

With half of the world's oceanic sharks at risk of extinction, conservationists regard the move as "game-changing".

It will protect about 600,000 sq km (230,000 sq miles) of ocean, an area about the size of France. President Toribiong will also call for a global ban on shark-finning, the practice of removing the fins at sea.

President Toribiong will also call for a global ban on shark-finning, the practice of removing the fins at sea.

Fins are a lucrative commodity on the international market where they are bought for use in shark fin soup.

As many as 100 million sharks are killed each year around the world. "These creatures are being slaughtered and are perhaps at the brink of extinction unless we take positive action to protect them," said President Toribiong. "Their physical beauty and strength, in my opinion, reflects the health of the oceans; they stand out," he told BBC News from UN headquarters in New York.

More on the BBC website: http://news.bbc.co.uk/2/hi/science/nature/8272508.stm

Contributed by Tim Hochgrebe added 2009-09-25