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Fisheries Management




Prosperity in Iceland for the past century is substantially derived from exporting fish. Quality of seafood is therefore essential to the Icelandic seafood industry. The clean cold ocean around the country presents an abundance of pure nutrients and clean food for its fish stocks. Once caught the fish are handled with latest technology and methods. By precise handling the quality of the catch is secured and a first-rate product is sold. A variety of fish are caught and sold from Iceland although cod is by far the most important one both in volume and value. Concentrated efforts have gone into product development with the cod, recent efforts have especially gone into use of byproducts formerly thrown away. 

Seafood Companies: IcelandicIceland SeafoodBrim SeafoodSamherjiFrostiThorFishHaustakVisirOpalBlamarIsfelagidSkinney-ThinganesIceFreshSeafood

Alternative Marine Products: LysiZymetechAtlantic LeatherAnkraTrue WestfjordsValfossProtis

Fisheries and related sectors – in recent years labelled “the ocean cluster” – are the single most important part of the Icelandic economy. Detailed research concerning the sector are crucial for further growth in this important sector.  Research in methods of handling, processing and catching are continuously refined and developed further. Thus a great part of recent growth in the Icelandic fishing sector stems from R&D. The R&D part of the sector is unrestrained by the limits that constrain how much fish can sustainably be caught and therefore a lot of foreseeable growth in the fishing sector will depend on further R&D.

See more: Matis Food & BiotechIceland Marine Research InstituteSyni Research 

Top of the line marine related education is offered in Iceland. The future of the fishing industry relies on a competent workforce with adequate education. Marine science, aquaculture, fisheries science are examples of fields of education that can be pursued in Iceland. Programs are offered both in English as well as in Icelandic and therefore international students can seek education fit for work in the sector to Iceland.

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Because of thorough and extensive insight in the fishing industry of Iceland, detailed advice can be provided through numerous channels.  Around the world the advice of Icelanders has been sought for assistance in the fishing sector and Icelanders have vast knowledge and experience to offer for the global market. The exchange of knowledge can take many forms, it can be offered with regards to how to catch fish in the most economical and sustainable way, how to maximize value of catch with precise processing or assistance in choosing correct machinery and technology for the business.

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Almost all seafood caught in Iceland is exported and sold in markets abroad. As a result there is great proficiency in selling and marketing fish in Iceland. Strong connections have been established worldwide and clever marketing strategies have carried Icelandic fish onto plates worldwide. The mature marketing and sales experience can offer insight and help facilitate business around the world.

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The fisheries management system in Iceland lays the ground for an economically sound industry as well as conservative and sustainable utilization of fish stocks. Incentives are balanced properly with the system. The fish stocks, a public good, are privately harvested within limits set by scientific observations of the Marine Research Institute. Many lessons have been learnt from experience with the fisheries management system during the last decades. The fisheries management system of Iceland has now been recognized internationally as a success. Professionals from Iceland offer assistance and guidance in running fisheries management systems for clients worldwide. 

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Icelandic banks, insurance companies and financial institutions have decades of experience working with fisheries. In the financial system of Iceland there is widespread recognition and understanding of what services are required to assist the fishing sector running without concerns and easing focus on the long term without worries of day to day finances. These services are offered to clientele worldwide in the seafood sector.

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Seafood is a delicate product that requires swift and secure shipment. Solving this in Iceland is a dynamic transportation network. Iceland‘s geographical position is unique and calls for calculated logistics. Although the island is remote it is also centrally located between Europe and North-America. The geographical position of the island offers both challenges and opportunities. A vast transportation net has been developed where both passengers and products can reach their destinations quickly and sensible transportation between Europe and North-America can be made through the country.

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The fisheries management system in Iceland aligned incentives correctly so that sustainability is secured and efficiency is encouraged. The industry can thus focus on business for the long run. Streamlining has taken place in the industry and fisheries are constantly seeking ways of simplifying and improving efficiency. This search has laid the grounds for a strong technology sector to prosper. Varied products and solutions aimed at advancing fisheries have been made or are in the making. Processing lines, cooling methods, ingenious packaging and modern fishing technique are among the many technological products that have been brought into existence in Iceland. 

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For further information please contact the Iceland Ocean Cluster: sjavarklasinn [at] / tel. +354 577 6200.