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 in the North Atlantic, and clipfish is widely eaten and appreciated in Portugal. The Basques also played an important role in the cod trade and are claimed to have found the Canadian fishing banks before Columbus' discovery of America. The North American east coast developed in part due to the vast amount of cod, and many cities in the New England area spawned near cod fishing grounds. New England profited greatly from the golden trade route between England, Africa, the West Indies, and New England in the 17th and 18th centuries. New England cod went to England and then to