The Suðurnes Fishmarket Inc. (FMS) was founded on the 24th of May in 1987. That same year the first live auction was held, on September 14th. A decision had been made to break the routine of fish-auctioning in Iceland, and instead a joint auction at two different locations – Njarðvík and Grindavík – combined buyers for the first time. Soon more markets at towns like Hafnarfjörður, Þorlákshöfn and Sandgerði joined in. Today all Icelandic markets are connected to a shared network – “Tengill” – an auction system developed for the Icelandic fish auction by FMS.
The FMS also holds shares in other companies related to their operation. Those companies include:
IOTC takes action in Indonesia United Kingdom
Decision makers meeting at the annual session of the Indian Ocean Tuna Commission in Indonesia considered 16 proposals aimed at enhancing the management of the tuna fisheries in the Indian Ocean, which was encouraging by the International Pole & Line Foundation.