On 16 December 2005, it became a public joint stock company under the name P/F Postverk Føroya (retroactive from 1 January 2005).

All healthy males of between 15 and 50 years of age were obligated to participate in Skjúts, i.e. they could not refuse without incurring a fine.

(i.e., Kongelig Tjeneste – On His Majesty's Service) and bore the endorsement Uopholdelig Befordring (For Immediate Delivery): i.e. it had to be dispatched as soon as the weather permitted.

The agent got a boat with eight men to carry the letter to Sandoy – to where the village of Skopun lies today.

Owing to strong currents and bad weather the Skjúts crew were unable to row back to Dalur that evening.

The weather worsened during the night and the men had to stay on the island for two weeks.The Skjúts system existed until around World War I, but was not used as much by then, as the Post Office's rates were relatively low and so represented a reasonable alternative.

The local sýslumaður at the time on the southern part of Streymoy, H.C. Müller, was in charge of the management of the post office for the first several years.

The postal clerks were located in the following settlements: Klaksvík, Tvøroyri, Vágur, Vestmanna and Saltangará.

After the election for the Løgting in November 1974, the government decided that the postal service in the Faroes should be taken over by the Faroese Home Rule.

The results of these negotiations led to the Faroese government taking over the postal service in the Faroes as of 1 April 1976.

As a natural consequence of the takeover, two new departments were established within the Faroese postal system: Work was being done on restructuring the Faroese postal system, with the intent being for Postverk Føroya, which was a public institution, to be reorganised into a type of joint-stock enterprise.