Allowable catch from Icelandic waters is based on data provided by the Marine Research Institute, who provide the basis for government fishing regulations. Our company is allocated a portion of the total allowable catch based on these government regulations. Our largest quota is for cod. The breakdown of our quota holdings are as follows:
Table 1: Quota for the 2017/2018 fishing year.
|Cod (Gradus Morhua)||6.733 tonn|
|Haddock (Melanogrammus aeglefinus)||890 tonn|
|Greenland Turbot (Reinhard hippoglossoides)||1.008 tonn|
|Pollock (Saithe) (Pollachius virens)||1.238 tonn|
|Red Perch (Sebastes norvegicus /marinus)||1.370 tonn|
|Wolffish (Anarhichas lupus)||278 tonn|
|Plaice (Pleuronectes platessa)||90 tonn|
|Lemon Sole (Microstomus kitt)||33 tonn|
|Ling Cod (Molva molva)||59 tonn|
|Herring (Clupea harengus)||351 tonn|
|Arctic Praws (pandalus borealis)||Ca 150 tonn|
|Other species||171 tonn|
|Ocean Perch (Sebastes viviparus)||58 tonn|
This is a totals of 11 thousand tons of cod equivalent weight.
To a large extent our fishing is done with bottom trawls, though we fish with pelagic trawls for mackerel and herring.
Our trawl vessel “Julius Geirmundsson” IS-270, which freezes its catch on board, focuses on fishing cod, haddock, Greenland turbot, ocean perch and Atlantic pollock (saithe). Part of the catch is filleted and packed in cartons on board, while the rest is headed and gutted and frozen whole.
We operate two ice fish vessels, “Pall Palsson” IS-102 and “Stefnir” IS-28. They provide raw material for our shore based processing plants and we sell surplus catch as needed on the fish markets.