Fjölnir GK 17 (203), was acquired in exchange for Reykjaröst. Páll’s father had owned another Fjölni at Thingeyri, but it sank after a collision whilst the ship was in use as a fish-carrier to Britain. Fjölnir GK 17 was originally named Gísli Jónsson and operated from Grindavík. It was a 152 cubic-hold steel ship built in W- Germany in 1960. Fjölnir was sold in 1986 to Dögunn hf. in Saudarkrókur.

Már GK 55 (23) was a 101 ton steel ship, built in 1961 in E-Germany. Már was purchased at an auction in 1989. It primarily voyaged from Grindavík and operated nets, long-line and lobster fishing. Már was originally named Baldur and operated from Dalvík. He was deemed obsolete in 1990.

Hrungnir GK 50 (237) is a 200 cubic-hold steel ship, built in Norway in 1964. In the year 1979, Vísir purchased a 2/3 share in Hrungnir, The other 1/3 was ownedby Ólafur R. Sigurdsson who later sold his share in 1985. Hrungnir, originally named Bjarmi II, was operated from Dalvík. It is now a long-line vessel with a baiting machine.

Fjölnir GK 157 (1759) was purchased for the company in 1991, from Gardey hf. in Hornafjördur. Fjölnir is a 117 cubic-hold steel ship built in Denmark in 1982. Gardey hf. in Hornafjördur purchased her from abroad in 1987 and at that time she was called Garðey SF 22. In 1994, Fjölnir was sold to Sweden.

 
Sighvatur GK 57 (975) is a 230 cubic-hold steel ship, which was purchased in February 1982 from The Development Cooperative of Iceland. Sighvatur, originally called Bjartur, was operated from Neskaupstadur. It was built in E-Germany in 1965. Sighvatur is equipped as a long-line vessel with a baiting machine.

Máni BA 166 (671) was purchased in 1990. Máni is a 75 cubic-hold in size and was built in 1959 in Denmark. He was sold to Thorlákshöfn in 1996.

Sæborg GK 457 (254), was purchased by the company in 1992 from Sjófang hf. in Reykjavik. She was a 267 cubic-hold steel ship that operated with a net, seine and trawl, built in England in 1964. Her first owner was Jörundur hf. in Reykjavík and she was originally named Jörundur III. The ship sank in the summer of 1996 while fishing for herring from the Norwegian-Icelandic herring stock. All the crew was saved; Sæborg was on her journey back carrying a full load.

Sævík GK 257 (971) is a 230 cubic-hold steel ship built in Germany in 1965 and is the sister ship to Sighvatur GK. She was originally named Gudrún Gudleifsdóttir ÍS 102. The ship was purchased at the end of 1997, from the Fishing Association in Akureyri and was then known as Aðalvík KE 95. The ship was, as the ones mentiones above, equipped as a multi-fishing ship but is now a long-line vessel. She was sold to Ísafjördur in 2004.

Freyr ÞH 1 (11) is a 198 cubic-hold steel ship, purchased in October 1995 from Skip hf. in Thorlákshöfn. She was built in Norway in 1963 for Arnavík hf. in Grindavík and named Arnfirðingur RE 212. Freyr was operated as a long-line and Danish seine vessel. Freyr was sold to Kambur in Flateyri in 2005.

Páll Jónsson GK 257 (168) is a 249 cubic-hold steel ship, built in Germany in 1959. Originally she was named Pétur Thorsteinsson BA 12 and belonged to the district Sudurfjarðarhreppur. Pétu Jónsson was purchased in March 1996 from Thorlákshöfn and was then known as Páll ÁR 401. She is primarily a trawler. The ship was sold in 1996 to Básafell in Ísafjördur.

Sunnutindur SU 59 (979) is a 500 cubic-hold steel ship, built in Norway in 1964 and was originally named Reykjaborg RE 25. The ship was purchased in 1999 from Vopnafjördur and was then called Víkurberg GK 1. Sunnutindur is a multi-fishing ship that has primarily been operating as a trawler and ring-seine vessel for the last few years. The ship was sold to Denmark for scrap in 2004.

Páll Jónsson GK 7 (1030) (previously known as Godatindur SU 57 for the first year with the company) is a 350 cubic-hold steel ship, built in Holland in 1967 and named Örfirsey RE. The ship was purchased in 1999 from Dalvík, by B.G.Ben. and was then called Arnthór EA116. This ship was primarily operated as a trawler and ring-seine vessel, until, after the purchase, she was converted to long-line and net ship.

Kristín GK 157 (972) is a 250-ton multi-fishing ship, built in 1965 in Germany and named then THorsteinn RE 303. The ship was purchased from Hornafjördur in 2003 and was then know as Garðey SF 22. Primarily the ship operated as a net and seine vessel, but now she uses long-line with a baiting machine.

Gerdur ThH 110 (1035) is a 150 hold multi-fishing ship, built in 1968 in Norway for Súdavík and was then called Kristján Gudmundsson ÍS 77. The ship was purchased in 2002 from Hornafjördur and was then know as Melavík SF 34; she operated as a long-line vessel. The ship was sold in 2004 to a buyer in Reykjavík who intended to sell it on to Russia. 

 

Gissur the White GK 457 (1626) is a 400 ton steel ship purchased from Hornarfjördur in 2003. She was built in 1976 in Denmark and called Hafrenningur GK 38 when it was first purchased from there to Grindavík. She fished mainly for shrimp and was named Hersir. Later she was converted to a long-line vessel capable of freezing its catch. The ship was sold to Canada in 2005, where she uses nets to fish for halibut.

Jóhanna Gísladóttir ÍS 7 (1076) is a 450-ton seine-ship that was converted to long-line fishing with a new brand of bait machine. Previously she was called Seley ThH 381 and was purchased at the beginning of 2005 from Íshaf in Húsavík, which had acquired it the previous year, when the company was founded and joined by people from Eskifjördur. In Eskifjördur the ship was known as Gudrún Thorkelsdóttir SU 211, but was originally built for Patreksfjördur in Akranes in 1969 (at that time she was called Helga Gudmundsdóttir BA 77). Jóhanna Gísladóttir is the largest long-line vessel in the Icelandic fleet.