The Iceland Ocean Cluster’s mission is to create value and discover new opportunities by connecting entrepreneurs, businesses and knowledge in the marine industries.

The First 100% Fish Article Published by Arctica Finance and Iceland Ocean Cluster

As part of the partnership between Arctica Finance and Iceland Ocean Cluster articles that focus on fish related subjects will be published as part of the series titled “100% fish”. The primary aim of these articles is to draw more attention to the Icelandic fishing industry. Iceland Ocean Cluster and Arctica Finance believe that their partnership will create multiple exciting opportunities that will help drive further growth of the Icelandic fishing industry.

The first article, “The U.S. Seafood Industry and Utilization of By-Products”, is available here.

The U.S. is an important market for seafood, being the fifth largest producer and exporter of seafood in the world and the largest importer. Despite its global significance, there are still opportunities for enhancements within the U.S. fishing industry, especially with regard to fish utilization. At least 1.5 million metric tons of fish by-products are discarded in the U.S. per annum, resulting in a value loss of potential $655 million. By increasing the utilization of fish and fish by-products, significant value can be salvaged from the supply chain in the U.S. seafood industry.

For further information, please contact Thor Sigfusson PhD, Founder and COB Iceland Ocean Cluster on or Huni Johannesson, analyst at Arctica Finance on


The IOC introduced in a presidential visit in Seattle

The president of Iceland, Gudni Th. Johanneson will visit Marel’s facility in Seattle on May 4th, 2018.

The Icelandic president Johannesson will address the reception.

Thor Sigfusson, founder and chairman of the Iceland Ocean Cluster, will also be a guest speaker, he will talk about the progress Icelanders have made in fish utilization.

The IOC goal of 100% utilization has attracted attention worldwide and we are happy to get the honor of speaking in this event in Seattle.



IOC is proud to be a part of the World Ocean Councils’s new white paper

A new white paper by the World Ocean Council analyzes ocean clusters and recommends actions to advance ocean sustainable development.

The Iceland Ocean Cluster‘s work is analyzed as a part of the study.  The white paper states:

„Comprised of a group of experts, engineers, and entrepreneurs in the seafood industry, the Iceland Ocean Cluster manages fisheries with blue technology and exploits the harvested raw materials in maximum level within its value chain. By maximizing the usage of white codfish, the cluster has created a great deal of value added within the fishing industry. The efforts of Iceland Ocean Cluster to utilize 100% of raw material contribute to maintaining fish stocks at biologically sustainable levels. Using the entire fish adds to the value chain, benefitting both buyers as well as the fisheries themselves. Since the benefit of the 100% utilization can be applied when the supplier or fishers are registered and connected within the value chain of the cluster, this idea of 100% utilization helps decrease undocumented fisheries and over fishing.“


We are pleased to be a part of this important study and the large and growing family of ocean clusters.


See report here





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