Opened in 2005 in a converted fish-freezing plant, this museum is helping to revive the once-fading western harbor area. The permanent exhibit delves into the country’s 20th-century seafaring heritage via well-crafted ship models and dioramas with life-size fishermen. It holds an impressive amount of nautical artifacts and memorabilia, such as buoy lights and engine controls. The re-created captain’s room and claustrophobic sleeping quarters are standouts, while permanent-exhibition rooms feature a series devoted to 150 years of fisheries in Iceland. Guided tours are available at 1, 2, and 3pm.