A total of 1,685 fishing vessels were registered at the Icelandic Transport Authority  at the end of 2014, which is eleven ships fewer than one year earlier. The number of decked vessels was 773 and their combined size was 85,653 gross tonnages (GT). The number of decked vessels had reduced by ten between years while the total size decreased by 3,825 GT. The number of trawlers was 49 at the end of 2014 and their total size amounted to 57,444 GT. The number of trawlers decreased by two from previous year and their combined size decreased by 2,717 GT. The number of registered undecked vessels was 863 at the end of 2014 and a total of 4,239 GT. Undecked vessels decreased by one boat between years, while the total size the undecked fleet increased by 69 GT.

Just about 23.7% of the vessels were registered in the Westfjords of Iceland, a total of 400 ships of which 234 were undecked vessels. Ten trawlers were registered in the Icelandic Capital region and 9 in Northeast Iceland.

The average age of the Icelandic fishing fleet was 25,8 years at the end of 2014. The average age of decked vessels was nearly 24 years, trawlers around 29 and undecked vessels 27 years.