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Friday, March 31, 2023

News from the Faroe Islands

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The International Review of Faroe Islands Industry and Trade

Port of Runavík Reports Record Number of Scheduled Cruise Calls
March 24, 2023
This year and the next, a record number of cruise ferries are reportedly scheduled to visit the Port of Runavík. Most of the vessels will be docking at the King’s Harbour in Runavík, while three of the smaller ones will anchor off the villages Elduvík and Funningur in the north of Eysturoy. Each of […]
Seaweed Farmer Ocean Rainforest Secures 6.2 Million USD in New Funding for Expansion
February 16, 2023
Seaweed farmer Ocean Rainforest, with origins in the Faroe Islands, has closed a Series-A investment round of 6.2 million USD, according to a news release. The funding “will enable further expansion of operations in the North Atlantic Ocean and the Eastern Pacific Rim, and accelerate product and market development,” a statement read. Ocean Rainforest […]
Freezer Trawler Brestir Reports Success Using New Infigo 576 Trawl Design
February 13, 2023
Faroese freezer trawler Brestir VA 705, which back in July began using the new 576-mesh bottom trawl from Vónin known as Infigo 576, has reported that the new gear is proving to be a success after months of fishing. “This trawl has shown that it maintains the opening for longer, so it fishes longer […]
Fuglafjørður Receives 75,000 Tonnes of Fresh Catch in ‘Historic and Record-breaking’ Month
February 8, 2023
The first month of 2023 turned out the busiest ever for the Port of Fuglafjørður, according to figures reported by a former Mayor of Fuglafjørður, who noted in a public statement that 60,000 tonnes of primarily blue whiting had been landed to fish meal, marine oil and feed factory Havsbrún while the Pelagos freezing […]
SEV, Minesto Bolster Partnership in Large-scale Tidal Energy Project
January 30, 2023
Swedish ocean energy developer Minesto and Faroese utility company SEV have extended and scaled up their joint venture in the development of their tidal energy project in the Faroe Islands. According to an announcement from Minesto the “renewed and expanded” collaboration agreement includes “the ongoing electricity production in Vestmannasund and the first large scale […]
Thor Purchases Support Vessel to Serve Offshore Wind
January 18, 2023
Entering Japan’s renewable energy sector, one of Faroese company Thor’s subsidiaries, Thor Wind, has acquired the Vos Shine, a support vessel the company had bareboat-chartered from Vroon Offshore Services of the Netherlands. According to Thor, the newly acquired vessel is expected to re-enter operations in Japan in about two weeks. “Thor is taking this […]

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