Britain remains a key market for Icelandic fish
14 October, 2008 -
ICELAND's fisheries minister Einar Gudfinsson has said that Britain will remain a key market for Icelandic fish, despite the banking crisis.
He has told journalists that it it in the mutual interest of both countries that the already considerable volume of fish supplies should continue and the Humber in particular was vital to his industry.
Fridrik J. Arngrimsson, director-general of the Icelandic Association of Fishing Vessel Owners, said the industry had lost many of its assets, but he was more worried worried about the damage to Iceland's fishing reputation.
Hull's Fishgate receives almost all its fish from Iceland, while Grimsby depends on that country for around 75 per cent of its total shipments.
There are growing worries that some Icelandic trawler companies could go out of business because they rely on loans from the failed banks to run their businesses.
Martyn Boyers, chief executive of Grimsby Fish Dock Enterprises, the company wihich runs the fish market, said that while it was a cause for real concern, he felt certain that Iceland would continue to keep the fleet operational.
'Iceland badly needs foreign currency and export income,' he said. 'The Humber markets are among their best customers. The fishermen up there will want to export and I feel sure that the supply of fish will continue."
Steve Norton, chief executive of the Grimsby FMA said: 'Grimsby remains an attractive market because the Icelanders know they are going to get paid quickly thanks to the unique settlement scheme.'
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