Cod Wars Iceland's unilateral extension of its fishery limits from . Unlike in the Cod Wars, the Royal Navy was never sent into Icelandic waters. The British trawling industry, however, implemented costly sanctions on Iceland by imposing a landing ban on Icelandic fish in British ports. The landing ban was a major blow to the Icelandic fishing industry (the UK was Iceland's largest export market for fish) and caused consternation among Icelandic statesmen. The two sides decided to refer one part of the Icelandic extension to the ICJ in early 1953: the controversial Faxa Bay delimitation. Cold War politics proved favourable for
Cod a 70% drop over the last 30 years, and if this trend continued, the world’s cod stocks would disappear in 15 years. Åsmund Bjordal, director of the Norwegian Institute of Marine Research disputed the WWF's claim, noting the healthy Barents Sea cod population. Cod (known in Norway as skrei) is among Norway's most important fishery exports and the Barents Sea is Norway's most important cod fishery. In 2015, the Norwegian Seafood Council invited Crown Prince Haakon to take part in opening the year’s cod fishing season on the island of Senja. In 2003, under the new legislative framework of the