Business

Faroese company Ocean Rainforest aims to combat climate change by cleaning the ocean using seaweed. Ocean Rainforest, established in 2007, is one of the few companies in the world that seeds, cultivates and harvests seaweed on a commercial scale in offshore conditions.

The Faroese Airline Pilot Association has no comment regarding a possible strike. Last night, pilots rejected a draft settlement presented to the opposing parties on Monday, because none of their demands had been met, says Johan Vágadal, the chairman of the Airline Pilot Association.

“We’ve absolutely delighted to have retained our Michelin star,” says chef Poul Andrias Ziska. 2018 will mark an exciting time for the restaurant, as it moves to a new location in the Faroe Islands.

Last week Atlantic Airways announced that its net profit declined to DKK 3.3 million in 2017 from DKK 28.0 million a year earlier – mainly due to "the new state of competition".

Large-scale cultivation of seaweed off the Faroe Islands is attracting international interest at the moment. The product also has benefits for the marine environment. It is one of the examples of Nordic bio-based industries on display at the Global Bioeconomy Summit in Berlin, April 19–20.

Norwegian oil operator DNO has further boosted its stake in Aberdeen-based Faroe Petroleum. The Oslo firm said in a stock market announcement that it now holds a 28.7% share in the UK and Norway-focussed oil explorer.

A partnership between the Faroe Islands and the French music education platform Meludia will grant every resident and visitor in the Faroe Islands free access to Meludia’s services.

In his latest round of Island-hopping, Conor Knighton from CBS News has leapt across much of the North Atlantic to the Faroe Islands as last year, for the first time ever, a Faroese restaurant brought home a Michelin star.

Faroese pelagic fish factory Pelagos is pink-slipping no less than 42 people, reports Faroese newspaper Norðlýsið today.

Norwegian oil firm DNO increased its stake in Faroe Petroleum to 25.4 percent on Wednesday, after announcing earlier in the day that it had bought a 15.4 percent holding in the British company.