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Reduction in HB Grandi's Catch Value in 2014

Sustainability Economics +3 more

ICELAND - The HB Grandi fleet last year landed 152,500 tonnes of fish with a value of approximately ISK15.20 billion. This represents a reduction compared to the previous year when the company fleet landed 188,200 tonnes worth ISK16.80 billion.

Lucy Towers thumbnail

The reasons for the smaller 2014 catch volume can traced primarily to reductions in quotas for the main pelagic species. Last year’s capelin season was similar to the previous season, while allocations for Atlanto-Scandian herring were reduced significantly last year in comparison to the previous year.

The trawler fleet has seen changes with the number of freezer vessels reduced by two. Venus HF was sold to new owners overseas while Helga María AK was converted into a fresher trawler. The freezer fleet’s catches and catch values fell while these increased for the fresher trawlers.

The table below lists the catch volume and value in 2014 with comparison to the previous year. Note that the table displays FOB catch value for the freezer vessels and figures could still change marginally.