Faroe Business Report — The International Review of Faroe Islands Industry and Trade - Faroe Business Report — The International Review of Faroe Islands Industry and Trade
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Putting Faroese Fingerprints on Sustainability Agenda
Written by B. Tyril —
Helping to make Faroese fisheries management stand out in inter-Nordic and international cooperation efforts: unrivaled levels of technical control coupled with unmatched availability of catch statistics and marine ecosystem data.
As a tiny country with a strong fishing tradition, the Faroe Islands is often quick to adopt new technologies and policies in key areas relevant to fisheries management. Clearly, this is a context in which size does matter with smallness offering great advantages, as the impact of anything implemented throughout the North Atlantic island nation tends to become known early. -
World’s Most Advanced Fishing Operation
Written by B. Tyril —
An integrated traceability and quality system that links fishing and processing data with logistics and sales, together with an unmatched design for full utilization of catch, may help explain Norðborg’s compelling success story.
Since her arrival in late 2009, the Norðborg has continued to impress every observer of Klaksvík’s queen-of-the-seas trawler. The advantage of the ship, the world’s most highly developed pelagic processing vessel, lies in a series of features that include a meticulously thought-out design along with some less visible elements. With a gross 237 million dkk (32m eur) worth of sales made in 2010, Norðborg is expected to deliver a similar level of performance this year. -
Fuglafjørður Invites Investors for Pelagic Food Fish
Written by B. Tyril —
Determined to retain its top pelagic position, the Port of Fuglafjørður looks to foreign investors to fix its long-missing link: a local processing plant for pelagic food fish to complement its giant fishmeal and feed factory.
The Municipal Council of Fuglafjørður, the port authority for the Port of Fuglafjørður, is reintroducing the idea of setting up a local processing plant for pelagic food fish. -
Merchant Shipping Industry Presents ‘Obvious Opportunity’
Written by B. Tyril —
After having payed undivided attention to fishing for many years, Faroese society appears to be awakening to its natural advantage for maritime business in a broader sense, according to lawyer and legal adviser Annfinn V. Hansen.
Since the recent revamp of the Faroe Islands International Ship Register (FAS), significant growth in the merchant shipping sector is fast becoming a real possibility for the Faroese. As the number of merchant vessels flying the Merkið (‘The Mark’ or ‘The Banner’) keeps rising toward an expected 100 within the next year, more maritime consultancies are lining up to serve an industry that has been up and coming for a long time in the North Atlantic archipelago.
Welcome to the 2011 Edition of the Faroe Business Report
I’m proud to present the 6th edition of the Faroe Business Report. It’s a pleasure again this year to bring you this information package about the Faroese business scene in cooperation with leading businesses and government departments and agencies. I encourage you to take a read to check the state of affairs in the Faroese business environment and see what some of the main events are compared to last year or a few years back. I guarantee that there’s quite a few things that happen in the course of a single year — major change can occur very quickly in the Faroe Islands.
Búi Tyril
Publisher and Editor in Chief
Reach International Businesspeople with an Eye on the Faroe Islands
Sponsoring an article or placing an ad in the Faroe Business Report is a great way of accessing important market segments or conveying your values to key constituencies. For those keen to share with an international audience what their position in the Faroe Islands may mean, this yearly publication is recognized as the information medium of choice — an undisputed leader in its field.
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Sannførandi søgur byggja álit millum viðskiftarar og veitarar
Fyri bæði fyritøkur og stovnar er umráðandi at samskifta væl við umheimin, soleiðis at góð og hóskandi kunning altíð er tøk í rættari tíð. Hesin samskiftis tørvur ger seg altíð galdandi, eisini tá vit ikki beinleiðis síggja hann.
Hetta kemst millum annað av at broytingar við meir ella minni avgerandi ávirkan á virksemið hjá fyritøkuni ella stovninum kunnu henda óvæntað skjótt.