Cod Wars cut the nets of "Carlisle", and "Falmouth" rammed it again. "Týr" was heavily damaged and found herself propelled by only a single screw and pursued by the tug-boat "Statesman". In the dire situation, Captain Guðmundur Kjærnested gave orders to man the guns, in spite of the overwhelming superiority of firepower HMS "Falmouth" enjoyed, to deter any further ramming. The Third Cod War saw 55 ramming incidents altogether. In NATO-mediated sessions, an agreement was reached between Iceland and the UK on 1 June 1976. The British were allowed to keep 24 trawlers within the 200 nmi and fish a total of
History of fishing lasted for more than 1000 years, passing through periods of Black Death, wars and other crises and still is an important Norwegian fish trade. The Portuguese have been fishing cod in the North Atlantic since the 15th century, and clipfish is widely eaten and appreciated in Portugal. The Basques also played an important role in the cod trade and are believed to have found the Canadian fishing banks in the 16th century. The North American east coast developed in part due to the vast amount of cod, and many cities in the New England area spawned near cod fishing grounds.