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LOCAL.FONews from the Faroe Islands

Monday, November 28, 2022

News from the Faroe Islands

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Faroe Business Report

Underwater Lighting Becomes an International Hit for JT Electric as It Celebrates 50th AnniversaryFish farm at Velbastaður on the west coast of Streymoy (Ólavur Frederiksen — FaroePhoto.com). [Bui Tyril] Celebrating the 50-year anniversary of its founding these days, Fuglafjørður-based electrical engineering firm JT Electric is experiencing rapid international growth. Over the last four years, the company has seen its sales multiply in key export markets and [...] The…Faroe Business ReportNov 22 2022

New Generation of Faroese Freezer Trawlers Introduced with ‘Akraberg’The new Akraberg fishing in the Barents Sea (Tórik Ábraham Rouah). [Bui Tyril] With three newbuilds joining the Faroese fleet of freezer trawlers this year, the first — Framherji’s Akraberg — arrived in its home port of Fuglafjørður in early July. Since then the Akraberg has not merely left for its first fishing [...] The…Faroe Business ReportAug 15 2022

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 13 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

News from the Faroe Islands

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