Groundfish production provides employment lifeline

Setting up production for groundfish in the north-eastern port of Vopnafjörður has provided a lifeline for employment in the region. HB Grandi is the remote port’s largest employer and Vopnafjörður with its proximity to the grounds where much of the pelagic fisheries take place was chosen as the focus for the company’s pelagic processing and fishmeal production. But these fisheries are highly seasonal, resulting in fluctuations in earnings. Adding groundfish processing to the profile has taken out the peaks and troughs, providing steady employment year-round.

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Cod is king as Norwegian landings maintain top values

According to Norges Råfisklag, sales of landed fish in Norway were worth NoK11.40 billion last year, the Norwegian industry’s second highest year ever, and following the record-breaking sales figures of NoK11.50 billion in 2016. Norwegian fishing vessels accounted for NoK9.50 billion of this total, up on last year’s NoK9.10 billion figure.

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