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LOCAL.FONews from the Faroe Islands

Friday, October 16, 2026

News from the Faroe Islands

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Faroes Move Closer to China Free-trade Pact with New Interim Agreement
October 13, 2026
The Faroese government is actively advancing its trade relations with China, preparing a preliminary memorandum of understanding designed to serve as a stepping stone toward, ultimately, a comprehensive free-trade agreement. The Minister of Foreign Affairs, Bárður […]
Rising Catch Quotas Offer Potential Boon for Pelagic Fleets
October 7, 2026
The Faroese pelagic fishing fleet is looking toward an expanded 2027 season, following a substantial upward revision in recommended catch limits released by the International Council for the Exploration of the Sea (ICES). Alongside preparing for […]
KJ Strengthens Regional Export Reach with Latest Workboat Delivery to Orkney
October 7, 2026
Faroese maritime engineering firm KJ has officially delivered a newly constructed utility catamaran, the Cooke Challenger, to salmon farming giant Cooke Aquaculture. The vessel is destined for operation in the demanding waters of Orkney, Scotland, and will be […]
Ambienta Takes Majority Stake in GroAqua as Tjaldur Reinvests to Retain Faroese Footprint
October 2, 2026
The North Atlantic aquaculture tech sector is undergoing a major wave of consolidation with Italy’s private equity investor Ambienta acquiring a majority stake in Faroe Islands-based GroAqua. The transaction folds GroAqua into a newly established, Norway-headed […]
Faroese Longliners Hit by 18% Flemish Cap Cod Quota Cut
September 29, 2026
The Faroese longliner fleet has been dealt an economic blow as the global Flemish Cap cod quota will be slashed by 18 percent next year, dropping to a total of 12,452 tonnes. The decision, finalized at the Northwest Atlantic […]
Faroe Farmed Salmon Exports Surge by 1 Billion DKK Year-on-Year
September 18, 2026
The Faroe Islands’ total export value reached nearly 14.5 billion DKK (1.94bn EUR) between August 2025 and July 2026, marking a 1.5bn DKK increase on the previous 12-month period, a nearly 12-percent growth. The increase is […]
Klaksvík to Extend North Harbour
September 14, 2026
To accommodate a growing influx of larger vessels, the Municipal Council of Klaksvík plans to boost port capacity by doubling the 300-meter North Harbour quay as well as dredging the basin and repairing facilities at the […]
Cold Store Bergfrost Further Scales Up Capacity
August 20, 2026
Bergfrost, the largest cold storage facility in the Nordic Seas region, is about to complete a major expansion to increase its underground cold storage capacity to 35,000 tonnes as well as adding a new, 5,000-square meter […]
Eysturlund: Bakkafrost Pushes the Energy Envelope
August 8, 2026
Bakkafrost is looking to make the power source of the Faroe Islands’ largest energy consumer fully renewable—turning green a vital link in its own value chain while in the process reducing the island nation’s total carbon […]

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