A profitable ecotourism industry has arisen around this species involving organized "shark feeds", in which groups of reef sharks are attracted to divers using bait. Some US$6,000,000 is spent annually on shark viewing in the Bahamas, where at some sites a single living Caribbean reef shark has a value between US$13,000 and US$40,000 (compared to a one-time value of US$50–60 for a dead shark). This practice has drawn controversy, as opponents argue that the sharks may learn to associate humans with food, increasing the chances of a shark attack, and that the removal of reef fishes for bait may damage the local ecosystem. Conversely, proponents maintain that shark feeds contribute to conservation by incentivizing the protection of sharks and educating people about them. Thus far, there has been little evidence that shark feeds have increased the risk of attack in the surrounding area. Shark feeding has been outlawed off the coast of Florida, but continues at other locations in the Caribbean.
The Caribbean Reef Shark is known to be relatively passive and typically doesn’t pose much of a threat to scuba divers, snorklers, swimmers, or other humans it comes into contact with. They actually tend to avoid human interaction entirely. As per theInternational Shark Attack Files, there have been 27 attacks documented since 1960, of which none have been fatal. Of those attacks, it’s believe that 4 of them were caused because the shark mistakenly thought the person was a food source. The rest of the attacks were provoked attacks such as sharks caught in fishing equipment biting the fisherman.
The Black-tip Shark (Carcharhinus melanopterus) is a species of shark of the family Carcharhinidae, easily identified by the black tips of its fins, especially on the first dorsal fin and the caudal fin. It is one of the most abundant sharks in the tropical coral reefs of the Indian Ocean and Pacific Ocean. This species prefers shallow coastal waters and frequently exposes its first dorsal fin in these areas. Most Black-tipped Sharks live on reef margins and sandy bottoms, but they are also known to support brackish or freshwater environments. This species generally reaches a length of 1.6 m. Black-tip Sharks are sedentary and live in very small areas and may remain in the same area for several years. They are active predators of small bone fish, cephalopods and crustaceans, and are also known to feed on marine snakes and seabirds. The data collected concerning the life cycle of the Black-tip Shark are sometimes contradictory and there appear to be significant differences depending on the geographical location within the range of the species. Like other members of its family, this shark is viviparous and females give birth to between two and five young babies every two years, every year or sometimes twice a year. Indeed, according to its habitat the gestation period of this shark can be 7-9 months, 10-11 months or 16 months. Newborns live in coastal waters and in shallower waters than adults, often forming large groups in areas flooded by high tides. Shy and capricious, the Black-tip Shark is difficult to approach and rarely represents a danger to humans, unless it is excited by food. However, bathers in shallow waters can sometimes have their legs bitten by mistake. This shark is fished for its meat, fins and liver oil, but is not considered to be a commercially important species. The International Union for Conservation of Nature assessed the near threatened species. Although the species as a whole remains widespread and relatively common, overfishing of this shark and its slow rate of reproduction has led to its decline in a number of localities.
Caribbean reef sharks are prohibited from being caught by commercial fishers in U.S. waters, however harvest of these sharks may be permissible in other countries. During the past few decades, an increasingly popular (and even more controversial) commercial aspect of the Caribbean reef shark has emerged. To increase clientele, many dive-boat operations have come to include shark-feeding dives as a part of their agenda, with some of the most popular sites being main habitats of Caribbean reef sharks. Although new regulations prohibit such feedings off the coast of Florida, no such restrictions have been placed on operations in Bahamian or other Caribbean waters.
Sandbar shark (C. plumbeus): The sandbar shark has a snout that is shorter than the width of its mouth and a large first dorsal fin originating over the axis of the pectoral fin (the Caribbean reef shark’s first dorsal fin is further from the head than the sandbar shark). Unlike the Caribbean reef shark, the sandbar shark has widely spaced non-overlapping dermal denticles that lack defined teeth on their free edges.