Cod Wars Third Cod War (November 1975 – June 1976) began after Iceland again extended its fishing limits, now to from its coast. The British government did not recognise the large increase to the exclusion zone and so an issue occurred with British fishermen and their activity in the disputed zone. The conflict, which was the most hard-fought of the Cod Wars, saw British fishing trawlers have their nets cut by the Icelandic Coast Guard, and there were several incidents of ramming by Icelandic ships and British trawlers, frigates and tugboats. One of the most serious incidents occurred on 11 December 1975.
Cod fishing in Newfoundland super-trawlers such as the 'Fairtry'; 280 feet long and 2,600 gross tons. The cod catch peaked in 1968 at 810,000 tons, approximately three times more than the maximum yearly catch achieved before the super-trawlers. Approximately 8 million tons of cod were caught between 1647 and 1750, a period encompassing 25 to 40 cod generations. The factory trawlers took the same amount in 15 years. The industry collapsed entirely in the early 1990s owing to overfishing and debatably, greed, lack of foresight and poor local administration. By 1993 six cod populations had collapsed, forcing a belated moratorium on fishing. Spawning biomass