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 Wars passage of Soviet submarines while the Royal Navy was threatened by further serious defence and naval cuts by the Royal Navy's chief "bête noire", the Chancellor of Exchequer and former Minister of Defence, Denis Healey. The Royal Navy saw its strategic aim at the time to be as much as fighting Healey as the Soviet Navy. The Second and Third Cod Wars were necessary wars for the Royal Navy, like the Falklands Operation, six years later. To Crosland, also MP for the trawler port of Grimsby, the third war was a more serious threat to the Western Alliance than the