Navigare Shipping & Logistics

What Navigare Shipping & Logistics does

Navigare Shipping & Logistics is a third-generation, family-owned shipping and logistics company founded in 1966 and headquartered in Søldarfjørður, Faroe Islands. The company operates a fleet of approximately 13 owned plus 2-3 chartered self-discharging bulk cargo vessels, moving roughly 2 million tons of commodities annually across Northern Europe. Its self-discharging vessels are equipped with onboard excavators, enabling direct discharge without shore-based equipment and serving mining, construction, and feed-industry customers.

The business operates across four integrated revenue streams: shipping and chartering of bulk cargo, sand and gravel sales, ship management services for third-party owners, and agency services. A 2016 joint venture with KTM Shipping at Karmsund Bulk Terminal extends the offering into terminal handling, creating a more vertically integrated bulk logistics position. Approximately 80% of sales are generated outside the Faroe Islands, with operational staff distributed across Faroe Islands, Norway, Scotland, and Poland.

In 2024, Navigare ordered four new 90-meter self-discharging bulk carriers for phased delivery through 2025-2027, its largest fleet renewal to date, while bringing in RMV Holding as a new investor. The company is also collaborating on ammonia/methanol-propelled vessel designs, positioning for the next regulatory cycle. It reported a 2023 annual result of 29 million DKK, was named Company of the Year in 2023, and holds GMP+B4 feed transport certification.

Name

Navigare Shipping & Logistics

Legal name

Navigare Shipping Sp/f

Website

https://navigare.fo

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

Family-owned Faroe Islands shipping and logistics company operating approximately 15 self-discharging bulk cargo vessels across Northern Europe, transporting about 2 million tons annually for mining, construction, and feed-industry customers with integrated terminal, ship management, and chartering services.

Ownership category

akta.pro rank

Product category

Maritime Bulk Shipping & Logistics Services

NAICS

Coastal and Great Lakes Freight Transportation (483113), Marine Cargo Handling (488320), Support Activities for Water Transportation (4883), Warehousing and Storage (493)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)

akta.pro secondary industries

Bulk Terminal Services & Operations (Stevedoring, Sampling, Weighing, Blending) (TLAHABAO), Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA), Bulk & Commodity Freight Brokerage (Dry Bulk) (TLADAMAK), Industrial Minerals & Chemicals (Non-Haz Bulk Powders) Transport (TLADAKAJ)

Keywords

• Bulk shipping services
• Maritime logistics
• Cargo vessel operations
• Ship management services
• Northern European shipping

Headquarters

HQ city

Flekkefjord

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Shipping and Chartering Services: Core revenue from shipping and chartering of bulk and break-bulk commodities across Northern Europe. The company operates approximately 15 vessels and ships about 2 million tons of goods per year.
2. Sand and Gravel Sales: Sale of sand and gravel products from their bulk terminal operations, with unit pricing per cubic meter and per ton.
3. Ship Management Services: Technical management, crew management, and operational services for owned and third-party vessels.
4. Agency and Logistics Services: Agency services including crew changes, transport, customs clearance, stevedoring, storage, and cargo survey along Norwegian coast, Faroe Islands, Scotland, and Iceland.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Navigare owns and operates a fleet of 13 cargo vessels plus chartered tonnage to transport approximately 2 million tons of bulk and break-bulk commodities annually across Northern Europe. The company delivers integrated shipping, ship management, chartering, port agency, and bulk terminal services, and sells sand and gravel products from its Faroe Islands facility, serving enterprise customers from offices in the Faroe Islands, Norway, Scotland, and Iceland.

Product overview

Navigare Shipping & Logistics operates as a third-generation family-owned shipping and logistics company headquartered in Søldarfjørður, Faroe Islands, with operations spanning Norway, Scotland, and Iceland. The company's core offering is its fleet of 13 owned cargo vessels (ranging from 1,100 to 5,000 DWCC) plus 2-3 additional chartered ships, all equipped with excavators for self-loading and self-discharging of bulk commodities. The integrated product portfolio includes: (1) Vessel Fleet Management for ownership and operation of cargo ships, (2) Logistics Solutions providing complete supply chain services for bulk and break-bulk shipping (~2 million tons annually), (3) Ship Management offering technical, crew, and HSEQ services, (4) Karmsund Bulk Terminal (KBT) in Norway providing 75,000 m3 storage capacity, (5) Agency & Operations covering ports in Norway, Faroe Islands, Scotland, and Iceland, (6) Chartering and Shipbroker services, and (7) Sand & Gravel Sales (Sandsølan) from its Faroe Islands facility. The company announced in 2024 plans to build four new 90m cargo ships (5,300 tons capacity) to replace older vessels and improve environmental performance.

Differentiator

Problem solved

Functional benefit

Products and services

• Vessel Fleet Management & Shipping Services
• Logistics Solutions
• Ship Management Services
• Karmsund Bulk Terminal (KBT)
• Agency & Operations Services
• Chartering & Shipbroker Services
• Sand & Gravel Sales (Sandsølan)

Quantifiable outcome

• Approximately 2 million tons of goods transported annually
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Arklow ShippingminorOthers · 1 March 2022Purchased 2 new vessels (MV Hav Brim and MV Hav Sund) from Arklow Shipping in Ireland in 2022. This was the largest investment in company history. Both vessels built in 2008 and upgraded to self-dischargers.
• Norwegian Transport Companies (unnamed collaboration)coreStrategic or Co-development Partner · 1 January 2020In 2020, Navigare entered a collaboration with other transport companies in Norway to establish a company for developing, building, and operating CO2 emission-free transport ships. The goal is to replace fossil fuelled ships with ammonia. First two ships will enter the fleet in the near future.
• KTM ShippingcoreStrategic or Co-development Partner · 1 January 2016Joint venture partner in Karmsund Bulk Terminal AS, opened January 2016. The terminal has 75,000 m3 indoor storage capacity and significant outdoor storage area. Located in the middle of Karmsundet, ideal for shipments into Norway and delivery along the Norwegian coast and Northern Europe.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Nordic Maritime: Denmark-based operator of small-to-mid size product tankers and bulk vessels with Northern European operations. Comparable regional footprint and customer segments to Navigare.
• Spliethoff: Netherlands-headquartered multipurpose and general-cargo carrier with similar vessel sizes and Northern European trading patterns. Comparable as a competitor for breakbulk and project cargo work.
• Arklow Shipping: Irish owner/operator of general-cargo vessels in the 1,500-6,000 DWT class, and the direct counterparty that sold two vessels (MV Hav Brim, MV Hav Sund) to Navigare in 2022. Strongly comparable fleet profile and customer base.
• Klaveness Maritime: Norwegian shipping group operating dry-bulk carriers and combination carriers. Comparable as a Nordic peer in the regional bulk and break-bulk trades that Navigare serves.
• J.J. Ugland: Norwegian family-owned bulk carrier operator with a global focus but strong Northern European presence. Comparable ownership structure, vessel class mix, and bulk-cargo customer profile.
• KTM Shipping: Norwegian shipping and logistics company that is Navigare's joint venture partner in the Karmsund Bulk Terminal. Directly comparable on bulk handling and short-sea cargo services along the Norwegian coast.
• Wilson Ship Management: UK-based ship management and short-sea bulk/general cargo operator serving Northern European ports. Comparable vessel sizes, cargo mix, and ship management offering alongside chartering.
• Samskip: Netherlands-headquartered multimodal logistics provider with short-sea container, reefer, and bulk services across Northern Europe. Comparable as a regional competitor for general cargo customers.
• Wagenborg Shipping: Dutch-based operator of a large dry-cargo and general-cargo fleet serving Northern European ports. Closely comparable to Navigare on cargo mix, regional focus, and ownership of self-discharging multipurpose tonnage.

Regional players

• Eimskip: Icelandic listed shipping and logistics company with services between Iceland, Faroe Islands, Norway, and North America. Highly comparable geographic footprint to Navigare's Iceland and Faroe operations but operates a larger containerized network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NavigareShipLog
• Instagraminstagram.com/navigare.fo
• LinkedInlinkedin.com/company/navigare-logistics-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Navigare Shipping & Logistics