Icelandic Fishing Fleet: Renovation and/or Newbuilding
The article of Yury Korolev from Alasund Shipbrokers company examines the current status of the Icelandic fishing fleet. Based on official statistics and his practical experience he argues that the age of the fishing vessels is not as important as its efficiency. Modernization of vessels aimed at increased catches and reduced costs is a cornerstone to the development of the fishing industry that is to be followed by new shipbuilding as the second stage.