Runavík is a comparatively urbanised village in Runavík Municipality, Faroe Islands. It lies on the south half of the isle of Eysturoy. Founded in 1916, Runavík has an important port, originally used predominantly by fishing boats but now also a key supply base for the North Sea oil industry as well as a trans-shipment port for freight to and from Europe. The h…Runavík is a comparatively urbanised village in Runavík Municipality, Faroe Islands. It lies on the south half of the isle of Eysturoy. Founded in 1916, Runavík has an important port, originally used predominantly by fishing boats but now also a key supply base for the North Sea oil industry as well as a trans-shipment port for freight to and from Europe. The harbour underwent development in the late 1990s and can now accommodate cruise ships.