Iceland's largest whaling company – Hvalur hf. – will not be hunting this season. This marks the second consecutive year that the company has opted out of whaling during the summer season.
Although Hvalur is not the only whaling company in Iceland, it is by far the largest, holding a permit for the hunting of 200 fin whales this season. Its CEO, Kristján Loftsson, says his staff have been informed of the decision, which was made due to the global economic situation.