Australian fishermen are threatening to arm their vessels against Indonesian-based fishing boats which are poaching the prized Patagonian toothfish from Antarctic waters.
The toothfish is especially prized in Europe, the United States and Japan, where buyers can pay up to A$2,000 (HK$8,500) for a single fish.
It is so valuable it has been dubbed 'white gold', and illegal fishing is rife.
The fishermen say the area in which they are working is so remote - 4,500km southwest of Perth in Western Australia - that the Royal Australian Navy is all but useless.
Instead, they are seeking permission to employ armed security guards who would be able to stop the foreign boats, arrest the mainly Indonesian and Chinese crews, and tow the vessels back to Australia to face justice.
A documentary screened on Australian Broadcasting Corporation television last night alleged a Hong Kong-based seafood supplier was heavily involved in the illicit trade, which threatens to push the toothfish to extinction.