 The amounts of frozen fish landed in the Faroes are huge; but a deteriorating outlook for the blue whiting fishery may force the ports and shipping sector to look for alternative routes to business growth.
MAY 2009 (North Atlantic News). As duly noted by the CIA’s World Factbook, the Faroe Islands is an archipelago “strategically located along important sea lanes in northeastern Atlantic” — a country surrounded by sea, and a culture characterized by marine related concepts of the world. The Faroese are known as a nation of seafarers. |
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Last year’s record breaking volumes of transit cargo via Faroe are not likely to recur in 2009, yet today’s downturn might be offset by future marine traffic from Barents Sea oil and gas. |
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The arrival of the world’s most advanced pelagic trawler renews optimism for the Port of Klaksvík where storage and docking facilities at the North Quay deep-water terminal are set to attract new business. |
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