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:
The EU proposes global deal to limit fisheries subsidies European Union
The EU proposes to curb subsidies causing overfishing in WTO countries, but its proposal foresees flexibility for developing countries and takes account of the needs of fishing communities in least developed and developing countries.
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