FisHmark is an Icelandic software for fisheries companies that proposes the most efficient arrangements for fishing and processing fish, can increase the value of seafood and at the same time contribute to increased profits for companies. The prototype of the equipment is ready and the aim is for fisheries companies to be able to use it next year. The device was presented at a press conference today, 14 February.
The software is the first of its kind and is a collaborative project between the food research company Matís and the software companies AGR, Maritech and TrackWell.
With FisHmark you can:
• Analyze which factors affect the value of seafood and the results of fishing and fish processing.
• Make proposals for the most efficient arrangements for fishing and catch measures.
• Increase the value of seafood and ensure access to demanding specialty markets.
• Make it easier for fish sellers to share information about a product, such as its origin.
• Connect data from electronic catch diaries, measurements in reception and from information systems about processing and marketing.
• Look for the most cost-effective solutions in the value chain of cod products and increase corporate profits.
To demonstrate the potential of FisHmark, an example has been set up of a company with one tugboat for fishing and fish processing located in Grundarfjörður. For simplicity, it is assumed that the tugboat can land at two landing ports, Grundarfjörður and Höfn in Hornafjörður.
In order to determine the most efficient arrangement for fishing with FisHmark, the following factors are examined: Comparison of ports, rental prices for quotas, capacity of fish processing, catch composition, export surcharge, closure of areas, limits on quota leasing, fishing without fish processing and catch shares.
Based on the best solution, 9.5% was an increased profit from the operation if it was fished outside the West instead of fishing in the southeast.
The project is funded by the AVS Fisheries Research Fund and the Rannís Technology Development Fund.