Coastal - Fish
Frøya Laks
Helgeland Laks
On June 30, 2023, Helgeland Laks AS entered into an agreement with Nova Sea Havbruk AS for the operation of 750 tonnes of MTB in production area 8. The collaboration is structured as a co-location agreement.
Frøy Kapital owns 79.9% of Helgeland Laks AS. Fishbase Group AS owns 20.1%.
Fishbase Group AS
Fishbase is located on Dønna outside Sandnessjøen and is an independent producer of smolt/post-smolt for salmon farmers along the coast of Norway. The company has a production permit for 2,000 tonnes, which is currently being sought to be expanded to 10,000 tonnes.
Frøy Kapital owns 51.2% of Fishbase Group AS.
Grøntvedt Group AS
The Grøntvedt Group consists of 4 companies that develop processed products from healthy and sustainable pelagic fish stocks, with a special focus on herring products.
The entire fish is utilized and is used either for human consumption, as ingredients for aquaculture, or in health food products.
Coastal - Vessels
Njord Aquashipping
Njord Aquashipping is a company that provides wellboat services. The company was established in 2023 and is owned by Frøy Kapital. In a short period of time, Njord Aquashipping has established a fleet of two wellboat vessels, with one currently on contract work and one under construction.
Njord Aquashipping aims to become a significant player in the wellboat services sector over the next few years.
Moen Ship Management
Moen Ship Management owns boats tailored for use in the aquaculture industry. The boats are leased out on short or long-term agreements to fish farmers in Norway and the UK. This provides necessary flexibility and choice during peak seasons and in case of inconvenient operational shutdowns.
Leasing a boat also reduces capital commitment and frees up resources for growth, as well as prioritized development and improvement tasks.
Volstad Maritime / Grand Canyon
The construction vessel Grand Canyon is owned by the company Grand Canyon Holdco, where Volstad Maritime AS owns 40% and Frøy Kapital AS owns 60%.
This 127.5-meter-long construction vessel was delivered by Fosen Yards in 2012 and is used for major maritime construction, repair, and maintenance work.
Grand Canyon's current time charter agreement is in Mexico.