Flagship of Pelagic Fleets

Set to become the single most sophisticated ship of its kind anywhere in the world, the new Norðborg is already starting to revolutionize the business of its owners — six months prior to delivery.

In a few months time, Klaksvík fishing company Hvalnes, best known in the Faroes as the owners of Christian í Grótinum, will take delivery of a new fishing vessel that will undoubtedly set a benchmark for pelagic operators everywhere.

They currently run conventional RSW (refrigerated seawater) pelagic purser-trawler Christian í Grótinum, and Norðborg, a purser-trawler with processing capacity. Having been lengthened, broadened and lifted over the years, Norðborg has reached its limits and is now due to be replaced with a new vessel, now under construction in Chile and set to be the single most sophisticated vessel of its kind anywhere in the world with a factory deck designed for high efficiency, maximum quality and flexibility.

With herring, capelin, mackerel and blue whiting fisheries on their doorstep, the new Norðborg is placed at the center of some of the richest fishing grounds in the North Atlantic and is equipped to make the most of these species, landing catches for both high-end and volume markets in Western and Eastern Europe, able to produce fillets or whole frozen products. In addition to the 1400-tonne refrigerated fish room space for frozen products, Norðborg also has a 1230m3 of RSW tank capacity, keeping open the option of landing fresh fish direct to processors.

Designed by Rolls-Royce and built by the Chilean Asmar shipyard, Norðborg is expected to operate largely as a pelagic trawler, but purse seining capacity is seen as an integral part of its activity. Partner and operations manager Eyðun Rasmussen comments that some markets prefer purse seine-caught fish and are prepared to pay for it. There is also the possibility of a future capelin fishery in Norwegian waters, with the potential that a capelin roe fishery could offer — for which purse seining is essential.

With a whole range of new product options at Norðborg’s disposal, a new sales and marketing initiative is being prepared to be underway as the new ship starts fishing, with the team bolstered by the appointment of sales and marketing executive Pól Huus Sólstein, recruited from Icelandic company HB Grandi.

“Our existing cooperative arrangement with the Norwegian sales company we have been working with will continue on a non-exclusive basis,” Mr Sólstein comments. Norðborg offers every advantage over the older ship, not least with a higher engine power that will allow the ship to fish efficiently on the summer blue whiting when the more dispersed fish are deep, while also allowing the factory deck and refrigeration plant the power that these need. A fishmeal plant on board will handle off-cuts from the filleting process and some 500 tonnes of fish meal and oil can be stored on board. All of the production processes will be optimized for maximum efficiency and a high level of automation, allowing a highly sophisticated production plant to be run by a relatively small team. The factory centers around high-capacity filleting machines, computer controlled to enable the fast throughput essential for handling pelagic fish, and the Optimar automatic plate freezers to ensure that power usage is as efficient as possible, with every frame of frozen cartons ejected automatically when the optimum freezing time has been reached. This eliminates bottlenecks in production and throughput matches the factory deck’s production, minimizing power wastage while maximizing quality with the fish spending as little time as possible between buffer tanks and the freezers.

Launched and christened in February 2008, the new Norðborg is expected to be completed for delivery in September.

“Of course we are extremely excited at the arrival of the new ship. It’s a big investment, but it gives us a platform to meet the demands that today’s consumers make in terms of sustainability and responsible fishing. All of the stocks we exploit are regulated with international quotas, and the vessel will be licensed under the tough Faroese Fisheries Act. We feel a strong sense of duty to operate in a way that is responsible — and this ship and all of the expertise that has gone into it represent a big step towards making the most of the natural resources available while keeping emissions and fuel consumption as low as possible,” Mr Rasmussen says.

Alongside its 250 million dkk (33.6m eur) Norðborg investment, Hvalnes is opening a new 5000-tonne capacity cold store on Klaksvík’s North Quay. A further 25m dkk investment in cooperation with Klaksvík trawler operator JFK, the cold store opens for business in early summer this year.

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Welcome to the 2011 Edition of the Faroe Business Report

Cover of FBR 2011

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.

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