COVID Silver Linings: Is Iceland Getting Out Of The Whaling Business?

The pandemic is making whaling a difficult business, and that is squeezing Icelandic whalers hard:

Icelandic whaling company IP-Utgerd announced April 24 that it is stopping whaling completely, while the country’s largest whaling firm, Hvalur hf., says it won’t be hunting any whales for the second year in a row.

IP-Utgerd, which mainly targeted minke whales (Balaenoptera acutorostrata), cited financial difficulties after no-fishing zones were extended off the Icelandic coast, forcing its boats to go further and further offshore. Hvalur, which hunts threatened fin whales (Balaenoptera physalus) as well as minke whales, is ceasing operations because of stiff competition with Japan, among other reasons, according to Kristján Loftsson, the company’s CEO.

One company down. Another teetering.

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