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The Icelandic fishing fleet landed seafood with a total value of ISK 137.6 billion (USD 1.2 billion, EUR 1.1 billion) in the 12 months from October 2015 to September 2016, a decrease of 10 percent year-on-year.

During this period, the value of the country’s demersal, pelagic and shellfish catches decreased by 4.6 percent, 29 percent and 12 percent respectively, while a 9.1 percent value increase was posted for its flatfish landings, according to new figures published by...

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