Business

128.917 passengers have passed through Vagar Airport in 2018 so far. This is an increase of 14.5 percent compared to the first five months of 2017. Faroese news webpage VP adds that 36.737 passengers passed through Vagar Airport in May.

Shipping company Varðin P/F has had Jupiter on sale for some time, and now an agreement has been made with a Russian company. Established in 1985 the Faroese veteran in the pelagic fishing industry Varðin P/F is the largest exporter of pelagic goods in the country.

KOKS fought off tough competition from some of the very best restaurants within the region, such as Ren-aa from Stavanger, Hotel Borgholm from Öland, Babette from Vordingborg and Grön from Helsinki.

In week 23 employees from Bakkafrost, Hiddenfjord and Marine Harvest Føroyar are going to clean the farming fjords in the Faroe Islands. A lot of PVC and other garbage is entering the fjords and the aquacultural farming industry is determined to collect and correctly dispose of this material.

It is thought that SAS, which has offered regular flights to and from the Faroe Islands since March 2017, will benefit greatly from the new RNP technology - and some, including Atlantic Airways CEO Jóhanna á Bergi, are concerned that this will give SAS a competitive advantage over Atlantic Airways.

Bakkafrost CEO Regin Jacobsen has launched a broadside against the trend on land-based salmon production. In a rebuke of the model, Jacobsen said there are no financial incentives to move salmon production on land for his Faroese company, one of the sector’s leaders.

An increase in demand for hotel beds has resulted in the opening of a new boutique hotel in Tórshavn – and there are plans to build two new hotels in the capital by 2020. Havgrím Seaside Hotel is the newest addition to the list of accommodation options in the Faroe Islands.

Salmon production behemoth, Marine Harvest, has gained ownership of Bakkafrost’s Strendur plant, which has become “surplus to requirements” following the construction of the two-year-old, larger Glyvrar plant.

If you had trouble accessing Local.fo early Thursday morning, the problem wasn't on your end. It appears hackers have taken aim at Local.fo following the Gøtuvík Beach whale slaughter earlier this week.

An entirely new design for the ocean factory trawler segment has been released by Knud E. Hansen's Faroe Islands design team. From stem to stern this design redefines the classic trawler layout which has remained more or less unchanged for decades.