Click here to view PDF… DONG Energy joins forces with Faroe Islands utility company SEV in a Power Hub project aimed at minimizing power outages. Nobody will dispute that the Faroe Islands has to be one of the world’s best locations for wind farms. Make no mistake, the islanders are well aware of the advantages [...]
Valuable information for later use, if not commercial discoveries, are expected to result from this summer’s exploration activities offshore the Faroes, which kick into high gear with two prospects to be drilled — Brugdan II and Sula Stelkur. One day the Faroe Islands could become successful oil and gas producers, just like their neighbor to [...]
Click here to view PDF… Fueled by booming fisheries and the prospect of a new local freezing plant, Fuglafjørður’s cold store looks set for sustained rapid growth following last year’s major capacity increase — with further expansion plans in the pipeline. Imagining the massive amounts involved in the pelagic fisheries bonanza off the Faroe Islands [...]
Click here to view PDF… Framherji shifts focus to combine filleting at sea with whole freezing, allowing for quicker, more flexible fishing for Akraberg in the Barents Sea — meanwhile investing in Fuglafjørður’s new freezing plant. Framherji, owner and operator of three fishing vessels and major shareholder in several seafood-related enterprises, is changing product and [...]
Click here to view PDF… Vónin introduces new netting materials to reduce hassle and raise efficiency for trawlers — meanwhile making a leap in mackerel and herring gear as a result of pressure from booming pelagic fisheries off the Faroe Islands. As disputes between the Faroe Islands and the EU over mackerel and herring have [...]
Click here to view PDF… Since long a leading supplier of fresh and refrigerated foods in the Faroese retail and catering market as well as a top provider of other services, PM eyes new opportunities in ship provisioning. For any business, forty years of unbroken profitability would offer an encouraging platform to build on. Make [...]
Click here to view PDF… With an impressive portfolio of construction works in Faroe Islands alongside projects in Iceland and Greenland, J&K Petersen Contractors have a strength in their flexibility — and a competitive edge in dredging off the coast of Norway. Anyone who visits the Faroe Islands will quickly notice a stunning amount of [...]
Click here to view PDF… As the number of registered vessels in the Faroe Islands International Ship Register (FAS) approaches 100, more shipowners in Scandinavia and elsewhere discover the Faroes as a fiscally attractive flag jurisdiction — here’s why. The Faroe Islands International Ship Register (FAS) is becoming increasingly recognized as an emerging Nordic registry [...]
Click here to view PDF… Amid increasing scientific research, the Aquaculture Research Station of the Faroes looks to unleash live lumpfish to fight sea lice and analyze what happens to fish farms once placed offshore — meanwhile planning to export salmon eggs. Some blame the current ENSO (El Niño–Southern Oscillation) cycle for the unusually bad [...]
Click here to view PDF… Fishing and seafood company Faroe Origin is set to gain stronger foothold in Germany and France for its saithe products after being awarded MSC certification of sustainability — hoping to raise production this year. Three years after its founding, Faroe Origin is seen to accelerate its transition from mainly processing [...]
