Of the 20 highest quota-holding companies, 15 percent are reported to be in such bad shape as to be not able to survive, while 45 percent can be helped through and 40 percent are able to survive unaided, according to the report.
“The fishing industry’s overall debts indicate that redistributing quotas on a levy basis is not a viable option,” said Bjorn Valur Gislason, trawler skipper, Left-Green MP and vice-chairman of the committee appointed by Fisheries Minister Jon Bjarnason to examine the quota system, in an interview with Icelandic fisheries newspaper Fiskifrettir.
“Certainly
