Tag #Oceanco

How did Oceanco's sourcing practices contribute to the violation of EU timber regulations, and what role did intermediaries play in the supply chain?

The fine imposed on Oceanco underscores broader issues in the global timber trade and the challenge of tracing the origin of wood products. The use of Myanmar teak, known for its association with human rights abuses and environmental damage, raises concerns about supply chain transparency and the effectiveness of international sanctions. This case demonstrates the difficulties faced in enforcing regulations to prevent illegal logging and related harms.