LONDON: The London-based Environmental Investigation Agency (EIA) has welcomed the guilty pleas entered by UK luxury yacht manufacturer Sunseeker International Ltd and its US subsidiary Sunseeker USA Sales for violations of the US Lacey Act linked to the use of illegally sourced teak from Myanmar. The case marks one of the most significant US enforcement […]
LONDON: In a landmark case in the UK courts, a luxury yacht firm has been handed stiff penalties for using ‘blood’ teak imported from Myanmar on some of the vessels it builds. Sunseeker International Ltd – self-styled as “the world’s leading brand for luxury motor yachts” – is based in Poole, Dorset. Sitting at Bournemouth […]
The London-based Environmental Investigation Agency (EIA) today names 12 major American timber firms importing teak from Myanmar since the start of the 2021 military coup
The Ferretti Group, an Italian superyacht builder which boasts of using “the best quality standard of Burmese teak for teak decking”, is seeking new investment to bolster its business by going public, despite being accused of breaching EU law on the importation of what’s called ‘the king of woods’
Despite EU sanctions, cash-hungry Myanmar military offers to accept Euros in upcoming teak auction.
Despite trade sanctions imposed in June to ban imports of Myanmar teak into Europe, more than 300 tonnes of the ‘king of woods’ worth well over €2 million has since entered into Italy, the London-based Environmental Investigation Agency (EIA) can reveal