Shrimp fishing in West Greenland is big business. It’s the country’s largest and most valuable fishery, making up nearly half of Greenland’s total export value from 2021 to 2024. Despite falling quotas, shrimp remain a vital part of the economy.
Most shrimp are either processed on ships or sent to factories in towns like Sisimiut, Ilulissat, Nuuk, and Aasiaat. The price is highest for shrimp exported directly from boats, often more than three times higher than the land price.
Tight Rules, Big Changes Ahead
Since 2021, shrimp fishing has followed strict rules. Quotas limit how much each boat can catch, and these quotas are based on scientific advice. From 2021 to 2023, quotas stayed stable. But in 2024 and 2025, they were cut due to smaller shrimp stocks.
Starting January 2025, a new fisheries law came into force. Now, all fishing must happen within one large area instead of being split between coastal and offshore zones. Boats must also catch at least 75% of their quota each year, or they risk losing part of it.
Fewer Boats, Stricter Limits
There are currently 29 active shrimp boats in West Greenland. Most are small and work close to the shore. The new rules say coastal shrimp boats can’t be over 40 meters long or heavier than 1,000 tons.
But old boats with licenses can keep fishing under the previous regulations. Also, new limits are set on the amount of quota one company or person can own, preventing monopolies in the industry.
Sustainable or Sinking? The MSC Factor
Greenland’s shrimp fishery has been certified sustainable by the Marine Stewardship Council (MSC) since 2013. That blue label is crucial for sales on global markets. But the certification comes with strict conditions.
For example, bycatch — accidental catch of other species — will be kept below 2%. Sensitive seabed areas are off-limits to protect marine ecosystems.
If Greenland loses its MSC label, prices could drop, hurting exports— a risk the industry cannot afford.