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According to the Icelandic fisheries and aquaculture industry directory, the increase is entirely attributable to salmon farming.

The volume exported decreased by 6%, but the increase in prices following the significant reductions in catch quotas largely explains the growth.

The Norwegian Group will coordinate, integrate, and oversee the performance of the electrical infrastructure across Samherji's facility in Reykjanes.

The UK supermarket retailer has recently added more Aquaculture Stewardship Council-certified salmon, seabass, scallops and prawns to its existing range.

The European Investment Bank financing will be channelled through Iceland’s Arion Bank to support certified marine businesses in Iceland, Greenland and the Faroe Islands.

The proposal is based on the results of capelin studies conducted by the Icelandic Marine Research Institute between January 19 and 25 this year.