Faroe Islands

AQUACULTURE

AQUACULTURE

KJ-Hydraulic is joining the growing number of companies exhibiting in the Faroese Pavilion at this year’s IceFish, being held from 22-24 September.

3rd June 2026

KJ-Hydraulic exhibits at IceFish 2026

3rd June 2026

BUSINESS & FINANCE

BUSINESS & FINANCE

Marine industries across Iceland, Greenland and the Faroe Islands are set to gain improved access to long-term sustainability financing after European Investment Bank (EIB) agreed to provide a €100 million loan to Icelandic lender Arion Bank.

19th February 2026

Arctic marine industries set for €100m EIB-backed financing

19th February 2026

FISHERIES

FISHERIES

The EU fishing industry has criticised a new partial agreement on Northeast Atlantic mackerel reached by the UK, Norway, the Faroe Islands and Iceland, warning that it sidelines the EU, entrenches overfishing…

18th December 2025

Four-party mackerel deal slammed for sidelining EU

18th December 2025

SHIPYARD NEWS

SHIPYARD NEWS

Things are busy at Faroese shipbuilder MEST. As well as a 44-metre freezer trawler for Varðin and its venture to develop a drydock at its Skála location, it has confirmed an order…

13th November 2025

Catamaran order placed with Faroese yard

13th November 2025

AQUACULTURE

AQUACULTURE

Bakkafrost reported a total operational EBIT of DKK 22 million in the third-quarter of 2025 (DKK 173 million in Q3 2024), as strong biological results in the Faroe Islands offset weak market…

4th November 2025

Record biology in the Faroes drives down costs as Bakkafrost eyes sustainable growth

4th November 2025

FISHERIES

FISHERIES

The UK fishing industry will gain over 2,000 tonnes of fishing opportunities in Faroese waters for 2025, following successful annual negotiations with the Faroe Islands.

21st March 2025

UK secures 2,000 tonnes of Faroese quota

21st March 2025

AQUACULTURE

AQUACULTURE

Bakkafrost Group has reported a total operational EBIT of DKK 280 million (€37.53 million) for Q4 2024, a decrease from DKK 356 million (€47.72 million) during the same period in 2023.

17th February 2025

Bakkafrosts year-end performance tails off

17th February 2025

AQUACULTURE

AQUACULTURE

The taxation of the Faroes’ salmon industry has been restructured, effective from 1 January 2025, following a broad political agreement stretching to 2032, producer Bakkafrost has confirmed.

9th January 2025

Faroe Islands onboards new salmon farming tax

9th January 2025

AQUACULTURE

AQUACULTURE

Bakkafrost has reported unsatisfactory financial results for the third quarter, primarily due to ongoing low salmon prices.

7th November 2024

Bakkafrost board buoyant despite challenges

7th November 2024

NEW VESSELS

NEW VESSELS

One of the long series of new pelagic vessels emerging from the Karstensen yard in Skagen, new Finnur Friði was originally intended to replace the 2004-built vessel of the same name. Instead,…

17th October 2024

Newbuild: Faroese pelagic flagship

17th October 2024