Investigation into Oceanco's Use of Illegal Teak
Completed · Netherlands · Last reported Nov 2024
Source: Yahoo
Dutch boatmaking company Oceanco was fined for using illegally obtained Myanmar teak in the construction of Jeff Bezos' yacht. The investigation revealed that the company purchased products made of this 'blood teak' from a Turkish woodworking company, leading to a fine of $157,000 and acknowledgment of failure to comply with European Timber Regulation.
- Status
- Closed
- Sector
- Forest Products and Packaging, Commercial
- Location
- Netherlands
- Updated
- 22 Jul 2026
- Source
- Yahoo
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Project Information
Participants
| Not available for this record. |
Status
Original status | Completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Dutch boatmaking company Oceanco was fined for using illegally obtained Myanmar teak in the construction of Jeff Bezos' yacht. The investigation revealed that the company purchased products made of this 'blood teak' from a Turkish woodworking company, leading to a fine of $157,000 and acknowledgment of failure to comply with European Timber Regulation. |
Original sector | Marine Construction |
Budget |
Location
Country | Netherlands |
Source
Source | Yahoo |
URL |
More Details
Record type | Project |
Sector | Forest Products and Packaging, Commercial |
Article published date | 2025-03-16 |
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