Aker BioMarine has awarded a contract to VARD to build a state-of-the-art krill fishing vessel that will fish in the Antarctic.
“This is the largest single contract VARD has ever received for a fishing vessel, and we are very happy to have entered a shipbuilding contract with them. This will also contribute to securing Norwegian jobs in the future,” says Webjørn Eikrem, EVP Production and Supply Chain at Aker BioMarine.
“Aker has, since Aker BioMarine was established in 2006, focused on sustainable krill fishing. From day one, we have worked with WWF Norway. The krill fishery in the Antarctica is one of the most sustainable fisheries in the world, and Aker BioMarine hopes to yet again set a new bar for sustainable harvesting with this new vessel. Norwegian skills and new technology will help us reduce our carbon footprint even further with this vessel,” says Matts Johansen, CEO at Aker BioMarine.
The new 130-metre-long krill vessel will be equipped with the latest and most advanced eco-friendly technology. All plans and specifications are developed in cooperation with fishermen from Aker BioMarine and engineers from VARD. The vessel’s operations will be energy efficient, with a production and processing facility capable of processing raw krill material in the Antarctic.
The contract has a financing clause, with Aker BioMarine seeking finance through the Norwegian Export Credit Guarantee Agency (GIEK). “We have a good financing plan and look forward to beginning the application process with GIEK immediately,” says Matts Johansen.
Construction is planned to begin in May this year – and the vessel is expected to complete at the end of 2018. The total value of the contract is 1 billion NOK, including buyer’s supplies.
According to the plan, the new vessel will be in operation in the Antarctic from the beginning of the 2019 season.
Roy Reite, CEO and Executive Director at VARD comments, “This is a very exciting fishery project that we are really looking forward to work with. We have developed a range of innovative vessels together with our good relations in Aker since the 1980s, and also this project is built on good cooperation and complementary expertise within fisheries, ship design and technology.”
For media inquiries, please contact:
About Aker BioMarine
Aker BioMarine is a biotech- and fishing company dedicated to securing human and planetary health. The company develops krill-based ingredients for use in nutraceuticals, aquaculture and animal feed. The company supplies biomarine ingredients through a 100% traceable supply chain that it also owns and controls. Aker BioMarine was the first krill company to be awarded Marine Stewardship Council (MSC) certification.
For more information: www.akerbiomarine.com/
Vard Holdings Limited (“VARD”), together with its subsidiaries (the “Group”), is one of the major global designers and shipbuilders of specialized vessels. Headquartered in Norway and with 9,000 employees, VARD operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam. Through its specialized subsidiaries, VARD develops power and automation systems, deck handling equipment, and vessel accommodation solutions, and provides design and engineering services to the global maritime industry.
VARD’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations and track record in constructing complex and highly customized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.
VARD was listed on the Main Board of the Singapore Exchange on 12 November 2010. Majority shareholder Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of FINCANTIERI S.p.A., owns 55.63% in the Group. Headquartered in Trieste, Italy, FINCANTIERI is one of the world’s largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels.
For more information: www.vard.com