Posts Tagged ‘Faroe Islands’
Bakkafrost seeks cause of 750,000 dead fish
BAKKAFROST last night reported the death of hundreds of thousands of fish at one of its salmon farming sites on the Faroe Islands, with the precise cause still unknown. However, it is beginning to look as if the spread of a potentially harmful algae could be at the heart of the problem which has so…
Read MoreBakkafrost Q1 down, but outlook good
THE Bakkafrost Group, the largest salmon farming company in the Faroe Islands, today unveiled a first quarter operating profit (EBIT) of 268.2 million Danish kroners (£31.7 million) for the first three months of this year. The figure is down on the Q1 performance for same period in 2017 when the EBIT was DKK 335.5 million, but…
Read MoreIceland and Faroes settle dispute
ICELAND has reached agreement with the Faroe Islands over reciprocal fishing rights. A dispute flared up a month ago when Reykjavik unexpectedly banned all Faroese vessels from fishing inside its territorial waters after the two countries failed to strike a deal. A number of problems arose over mutual herring rights during talks shortly before Christmas.…
Read MoreFaroese people to control fisheries
SWEEPING changes to way the Faroe Islands manages its fishing industry have just been approved by the Løgting, the country\’s parliament. The reforms largely exclude foreign ownership of quotas and puts the entire industry under the direct control of the 50,000 people who make up the country\’s population. The bill, called the Act on Management of Marine…
Read MoreIceland bans Faroe boats in fishing row
ICELAND appears to be heading into an unexpected fisheries dispute with its near neighbour, the Faroe Islands. The new Reykjavik government has banned all Faroese vessels from fishing inside its territorial waters after the two countries failed to reach agreement on reciprocal rights. They have had a swap deal for a number of years, which…
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