In this course the learner will get overview of the main issues in operation of fishing companies and ships. The main topics are: Introduction to the fisheries in Iceland. The ecosystem and the main marine species around Iceland. Fisheries related statistics and the largest fishing companies. The major types of fishing vessels and gear used in Iceland. Development and the main fisheries management methods with emphasis on the ITQ system. Processing and markets: Overview of primary products and processing methods, along with the most important markets for Icelandic seafood. Operation of fishing companies in Iceland: The working environment and financial status of fishing companies. The value chain and full utilization and maximization of value instead of quantity. Practical training: Visit to vessel/processing plant and processing of fish into primary products in laboratory.