Faroese Group Acquired Icelandic Pelagic Vessel
A new ownership consortium has taken control of the vessel Margret to repurpose it for future fishing operations.
Updated on Oct. 1, 2026 in Fishing
A Faroese ownership group comprising the Ango business and the owners of Sp/f 07.05.2026 has acquired the Icelandic pelagic vessel Margret. The ship is undergoing modifications in Skagen, Denmark, and will be renamed Ísborg.
Why it matters
The acquisition significantly bolsters the group's operational capacity, as the vessel will support their existing blue whiting fishing rights. This strategic move allows the owners to utilize their substantial quota allocations with a vessel suited for pelagic catches.
The vessel, originally built in 2008, measures 72 metres in length and 15 metres in width. It features a total catch capacity of 2,000 tonnes.
The players
Ango
Ango is a business entity involved in the ownership group that acquired the pelagic vessel.
Karstensens Skibsvaerft
Karstensens Skibsvaerft is a shipyard based in Denmark that specializes in vessel construction and refitting.
The details
Karstensens Skibsvaerft is currently conducting maintenance and modifications on the ship in Skagen, Denmark, which are expected to take several weeks. Following the work, the vessel will be homeported in Vágur, Faroe Islands.
Timeline
The vessel was originally built in Norway in 2008.
The ownership group took possession of the vessel on September 29, 2026.
Culture Shift
This acquisition reflects a broader consolidation trend within the North Atlantic fishing sector as operators scale up to maximize quota efficiency. It underscores a strategic pivot toward modernizing older fleets to better align with international catch limit requirements.
The transition of the vessel to Vágur, Faroe Islands, may impact local maritime employment and service demand in the region. Future fishing schedules will depend on how efficiently the owners integrate the renamed Ísborg into their existing fleet operations.
The takeaway
The addition of a vessel with a 2,000-tonne capacity represents a major step in managing the group's 7,000-tonne blue whiting quota. Readers should monitor regional port activities in Vágur for future developments regarding the vessel's maiden voyage under its new name.
Further reading
For more information on industry trends, see our Fishing section.
Source note: This article includes information reported by Baird Maritime.
