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LOCAL.FONews from the Faroe Islands

Thursday, August 11, 2022

News from the Faroe Islands

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Faroe Business Report

Vónin expands further in fishing gear, fish farming systemsVónin’s headquarters, Fuglafjørður (Bui Tyril). With a steady pace of product development in trawl nets and trawl doors, gear maker Vónin is likewise expanding its already sizeable footprint in aquaculture equipment, reportedly with a new unit to be opened in Scotland. While we weren’t able to have the Scotland story confirmed as of [...] The…Faroe Business ReportJul 20 2022

Societal Game Changer: The Subsea TunnelsTeitur Samuelsen, CEO, Eystur- og Sandoyartunlar (Maria Olsen Photo). Ahead of schedule, the undersea road tunnel between Streymoy and Sandoy is undergoing finishing work; the estimated time of completion remains by year-end 2023, however the project is perceived as part of a much larger picture. [Bui Tyril] On February 3rd, some five months [...] The…Faroe Business ReportJul 14 2022

Strong Faroese seafood industry facing a rough rideBlue Resource CEO Dr. Unn Laksá, right, with economist Dr. Magni Laksáfoss (Maria Olsen Photo). “There are a lot of uncertainties at the moment, in particular when it comes to oil prices and market access.” — Dr. Magni Laksáfoss. [Bui Tyril] The Faroese have always depended heavily on the availability of fish [...] The post…Faroe Business ReportJun 27 2022

Manufacturing fishing ropes for world’s longlining fleetsBerglon managing owner Rúni Berg (Maria Olsen Photo). [Bui Tyril] Runavík’s multifaceted gift and specialty shop Berglon, which is also a manufacturer and supplier of fishing rope for longliners, has increased its international sales and production over the past few years, according to managing owner Rúni Berg. Fully owned by Berglon, the manufacturing [...] The…Faroe Business ReportJun 22 2022

10th Iteration of Atlantic Fair Gathers Record-breaking 193 Exhibitors — Videohttps://vimeo.com/712209846 [Bui Tyril] The 10th edition of the biannual trade show Atlantic Fair, which took place in Klaksvík on May 17th through 19th, saw a record 193 exhibitors gathered from 17 countries. The exhibition is primarily focused on equipment and services for the seafood and maritime industries. According to Atlantic Fair managing owner Áki í…Faroe Business ReportMay 20 2022

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