Frøy sells off part of its aquaculture support fleet
Frøy, one of Norway’s largest aquaculture vessel and services support companies, is selling part of its operation, the company announced yesterday.
Frøy is transferring its Akvaservice operation, which includes 33 service vessels and its 230 employees to Abyss of Norway, also a leading energy, marine and aquaculture business.
Included in the deal are the land bases at Frøya, Måløy and Finnsnes.
Frøy said the sale is part of the company’s long-term strategy to strengthen its position as a leader in core areas.
Going forward, the company will prioritise the development of expertise, technology and investment in new, modern vessels. After the sale, Frøy will have a fleet of 47 vessels and approximately 750 seafarers, with more vessels under construction and clear plans for further growth.
Tonje Foss, CEO of Frøy, said :”The aquaculture industry is becoming increasingly complex, and development is happening faster than ever. To develop our people and drive new solutions, we must concentrate our efforts. It is demanding to be the best at everything – that is why we are now focusing fully on our core areas.
She continued: “We are gearing up for the future. We are now focusing on leading the way in innovation and growth. Our ambition is to be at the forefront of fish health and biosecurity, and build on the strong expertise of our seafarers.
We will develop energy-efficient solutions for tomorrow, and set new standards in HSE, technology and vessel design. At the same time, Abyss is taking the development of crew, vessels and services within the broad service segment further. This is good news for both employees, the industry and the coast.”
Victor Jan Jensen, CEO of Abyss commented: “We are very pleased to bring along the expertise, vessels and employees from Frøy.
“We deliver important services to an aquaculture industry that supplies the world’s population with healthy and sustainable food, and the ambition is to take this business to an even higher level. We are confident that this transaction will benefit both customers, employees and the entire industry.”
Jensen said that the changes would have positive ripple effects for both employees and local communities along the coast.
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