Cod Wars in a gesture of goodwill and sign of friendship between the cities of Hull and Reykjavík. The event was part of a project by Hull Museums on the history between Iceland and the United Kingdom during and after the Cod Wars. Cod Wars The Cod Wars (, "the cod wars", or "Landhelgisstríðin", "the wars for the territorial waters") were a series of confrontations between the United Kingdom and Iceland on fishing rights in the North Atlantic. Each of the disputes ended with an Icelandic victory. The Third Cod War concluded in 1976, with a highly favourable agreement for Iceland; the
Collapse of the Atlantic northwest cod fishery with these new statistics brought to light no changes were made in regards to the allotted yearly catch of cod. With only a limited knowledge of cod biology, scientists predicted that the population of the species would rebound from its low point in 1975 and when Canada extended its fishing boundaries in 1976, fish mortality decreased immediately. This was not due to a rise in cod stocks, it was because foreign trawlers could no longer fish the waters. Therefore, when Fisheries and Oceans set quotas, they overestimated the total stock, and increased the total allowable catch. In 1992, John Crosbie,