Faroe Islands

SEAFOOD

SEAFOOD

Atlantic salmon farmer Bakkafrost Group harvested a total 20,800 tonnes of head-on gutted (HOG) weight fish in the third-quarter of this year, with reduced volumes for the period from both its Faroese…

5th October 2023

Lower Q3 salmon harvest for Bakkafrost, feed sales down

5th October 2023

AQUACULTURE

AQUACULTURE

Faroe Islands-headquartered salmon farmer Bakkafrost Group has advised that preliminary results of the unaudited consolidated accounts for the second-quarter 2023 indicate a lower-than-expected operational earnings before interest and taxes (EBIT).

17th July 2023

Bakkafrost issues Q2 profit warning

17th July 2023

AQUACULTURE

AQUACULTURE

Bergen, Norway-headquartered Mowi ASA posted operational earnings before interest and taxes (EBIT) of approximately €300 million for the second-quarter of this year, some €20 million less than in the corresponding period of…

17th July 2023

Mowi Q2 harvest increases but earnings fall

17th July 2023

FISHERIES

FISHERIES

The Government of the Faroe Islands has imposed further restrictive measures against Russia by considerably limiting port access for Russian fishing vessels.

10th July 2023

Extended closures for Russian fishing vessels

10th July 2023

FISHERIES

FISHERIES

The Government of the Faroe Islands is to impose further restrictive measures against Russia by increasing limits on port access for Russian fishing vessels.

1st June 2023

Faroes extends ban on Russian fishing vessels

1st June 2023

AQUACULTURE

AQUACULTURE

The new revenue tax for the Faroe Islands’ salmon farming industry proposed by the recently-elected government has been passed by parliament.

18th May 2023

Faroes parliament okays increased salmon tax

18th May 2023

AQUACULTURE

AQUACULTURE

Atlantic salmon producer Mowi ASA harvested 102,500 tonnes of gutted weight equivalent (GWE) fish in the first-quarter of this year, some 5,500 tonnes more than in the corresponding period of 2022, and…

18th April 2023

Higher first-quarter harvest for Mowi, earnings rise

18th April 2023

AQUACULTURE

AQUACULTURE

The volume of salmon harvested in the Faroe Islands by the Bakkafrost Group in the first-quarter of this year decreased by 6,500 tonnes year-on-year to the equivalent of 11,000 tonnes head-on gutted…

6th April 2023

Bakkafrost’s Scottish salmon harvest doubles

6th April 2023

AQUACULTURE

AQUACULTURE

The recently-elected Faroese government has issued a proposal to adjust the revenue tax for the salmon farming industry, effective from 1 August 2023 if passed as is by parliament. 

13th March 2023

Faroes looks to raise salmon farming tax

13th March 2023

AQUACULTURE

AQUACULTURE

Faroese salmon producer, Bakkafrost, has made earnings before tax and interest of DKK376 million (€50.5 million) in the last quarter of 2022 with a net loss of DKK154 million (€20.69 million).

22nd February 2023

Bakkafrost: Q4 satisfactory

22nd February 2023

AQUACULTURE

AQUACULTURE

The Bakkafrost Group’s salmon farms in the Faroe Islands harvested 19,300 tonnes of head-on gutted (HOG) weight fish in the fourth-quarter of last year, which represented a decrease of 1,400 tonnes on…

4th January 2023

Bakkafrost harvests down

4th January 2023

FISHERIES

FISHERIES

The UK fishing industry is to benefit from an additional 140,000 tonnes of fishing opportunities in 2023 worth £282 million.

22nd December 2022

£282m UK fishing deal

22nd December 2022

FISHERIES

FISHERIES

EU negotiators have reached agreements with Northeast Atlantic coastal states, as well as with the UK and Norway on the shared management of key stocks in 2023, the European Commission has confirmed.

15th December 2022

NEA 2023 catch deal

15th December 2022

FISHERIES

FISHERIES

The Faroe Islands and Russia have concluded consultations on their fisheries cooperation for 2023. 

28th November 2022

2023 Faroes-Russia deal

28th November 2022

AQUACULTURE

AQUACULTURE

Faroese government has presented a proposal that seeks to adjust its revenue tax on the salmon farming industry from next year. 

4th October 2022

Faroes to revise salmon tax

4th October 2022

FISHING GEAR

FISHING GEAR

The development of Vónin’s Falcon and Falcon+ pelagic trawls has echoed the evolution of the mackerel fishery over recent years, most recently with the Faroese fleet switching to this type of gear…

26th September 2022

Fast, flexible pelagic trawls

26th September 2022

SEAFOOD

SEAFOOD

Faroese salmon farmer is shipping its produce directly to the States courtesy of its own air cargo service.

30th August 2022

Bakkafrost gets airborne

30th August 2022

SHIPYARD NEWS

SHIPYARD NEWS

Turkey’s Tersan Shipyard Inc has launched NB1102 – soon to be named Gadus; an arctic freezer trawler built for P/F JFK Trol from the Faroe Islands.

7th July 2022

Factory trawler launched

7th July 2022

FISHERIES

FISHERIES

European fishing industry bodies have again called for EU action against Norway and the Faroe Islands after the two Northeast Atlantic coastal states unilaterally set “unacceptable” mackerel quotas.

27th June 2022

Mackerel quota outrage

27th June 2022

NEW VESSELS

NEW VESSELS

Turkish shipbuilding company Tersan Shipyard Inc has launched a new NB1105 Arctic freezer trawler, with the vessel to be named Emerald by its owner P/F Havborg of the Faroe Islands.

11th May 2022

Faroese trawler launched

11th May 2022