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Thursday, June 1, 2023

News from the Faroe Islands

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The International Review of Faroe Islands Industry and Trade

JT Electric Rebrands to GroAqua
May 17, 2023
Faroese aquatech supplier JT Electric and its overseas subsidiary Sterner AquaTech UK have rebranded to GroAqua, the company announced. “The rebranding combines the strengths from both companies to provide sustainable technology solutions to the aquaculture industry,” a statement from the rebranded company read. “The people and the products remain the same, with decades of […]
Faroese Fish Exports to Russia Bounce Back to Pre-war Levels
April 27, 2023
Although Faroese exports to Russia dropped significantly in the spring of 2022, following the Russian invasion of Ukraine in February that year, exports have since climbed back to their pre-February 2022 levels, according to Statistics Faroe Islands. Thus February of this year saw Faroese exports to Russia of pelagic fish species mackerel, herring and […]
Faroese Invent New Method of Extinguishing Lithium Battery Fires
April 26, 2023
With notoriously frightening prospects of lithium-ion batteries of electric vehicles catching fire under certain conditions, ferry operators are increasingly looking for ways to improve fire safety as more and more car owners switch to EVs. In Norway, for example, some ferry operators have opted to ban EVs from boarding their ferries over fire safety […]
Faroese Sustainable Business Initiative Wins 2023 EDIE Award for Partnership and Collaboration
April 13, 2023
The Faroese Sustainable Business Initiative—Burðardygt Vinnulív, as the network is known in Faroese—claimed this year’s international EDIE award for Partnership and Collaboration. In competition with eight other nominees in the same category, Burðardygt Vinnulív received the prize for Partnership and Collaboration of the Year at the awards event in London on March 30th. Burðardygt […]
Atlantic Airways Expands Further in Hotel Business As It Acquires Hotel Vágar
April 3, 2023
Hotel Vágar, the hotel located next to Vagar Airport, has been acquired by Atlantic Airways through a subsidiary, at an undisclosed amount. The hotel will thus be run by Hotel Atlantic, the operator of the Hilton Garden Inn Faroe Islands, according to a news release issued by the new owners. The transfer of ownership […]
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 […]

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