Icelandic Export Center Ltd was established in 1972. In the first two decades it marketed seafood from the Icelandic waters only - mainly coldwater prawn, scallop, but some groundfish as well. In the late 1990's the company expanded to market seafood caught from various other fishing grounds in the North-Atlantic. Today our primary focus is on marketing and selling the coldwater prawn specie (l. Pandalus borealis) harvested in the North-Atlantic and Arctic oceans.

The company is privately owned - majority owner being Ottar Yngvason, the founder of the company.