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
Cod fisheries eastern coast. The interplay between fishing societies and the resources on which they depend is palpable to even the most unacquainted observer: fisheries transform the ecosystem, which in turn pushes the fishery and society to adapt. In the summer of 1992, when the Northern Cod biomass fell to one percent of its earlier level, it became apparent to Canada's federal government that this relationship had been pushed to the breaking point and a moratorium was declared, ending the region's half-millennium run with the Northern Cod. The collapse of the Northern Cod fishery marked a profound change in the ecological, economic