What Fiskerstrand Verft does

Fiskerstrand Verft AS is a privately held Norwegian shipyard founded in 1909 and headquartered in Fiskarstrand, Sula municipality, on Norway's west coast. The yard operates a floating dock capable of handling vessels up to 165 meters LOA with a 12,000-ton lifting capacity, and provides a full-service portfolio covering newbuilding, vessel conversion, repair and maintenance, docking, and round-the-clock service operations. It is a wholly-owned operating subsidiary of Fiskerstrand Holding AS, which also owns design firm Multi Maritime AS and real-estate entity Fiskerstrand Eiendom AS. The family retains significant ownership and leadership involvement.

The company generates revenue primarily through project-based contracts across five streams: newbuilding of ferries, fishing vessels, live fish carriers and fishfeed vessels; complex vessel conversions (battery-electric retrofits, LNG-to-electric conversions, hydrogen hybrid integrations, aquaculture service-vessel conversions, and specialty builds); ongoing repair, maintenance, and docking services; 24/7 emergency service work; and technical department services including 2D/3D modeling. Major conversion contracts (e.g., the Karlsøyfjord LNG-to-full-electric project for Boreal at NOK 140+ million) are publicly disclosed at signing. Customers include Norwegian ferry operators (Fjord1, Boreal), aquaculture service companies (Buksér og Berging, Smir Group), LNG distribution (AGA Gas), fishing companies, seismic survey operators, and the Norwegian Coast Guard. Pricing is quote-driven with multi-year contract cadence and no disclosed recurring SaaS or subscription model.

The yard has positioned itself as a pioneer in green-propulsion conversions, including the world's first LNG bunkering vessel conversion (Seagas), the HYBRIDskip hydrogen fuel cell hybrid ferry project with ABB and SINTEF, and battery-electric conversions of multiple ferries using Siemens BlueDrive systems. Core technology partnerships include ABB (system integration), SINTEF (research), Siemens (battery-electric systems), Multi Maritime AS (design, subsidiary), and NTNU (research). GTM is sales-led and direct, with no intermediaries — projects are typically won through competitive bidding in the Norwegian maritime market, supported by 115+ years of operational track record including 1,500+ incident-free dockings and active references across ferry, fishing, and offshore segments.

Name

Fiskerstrand Verft

Legal name

Fiskerstrand Verft AS

Website

https://fiskerstrand.no

Company type

Private

Founded year

1909

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Shipbuilding & Marine Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Propulsion, Shafting & Rudder Repair (Engines, Gearboxes, Thrusters) (IMAJAFAC)

Keywords

• Shipbuilding services
• Vessel conversion
• Ship repair maintenance
• Marine docking services
• Ferry newbuilding

Headquarters

HQ city

Fiskarstranda

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Newbuilding: Construction of new vessels including ferries, fishing vessels, live fish carriers, and fish feed vessels under long-term contracts with shipping companies
2. Vessel Conversion: Conversion and retrofitting of existing vessels to new propulsion systems, delousing systems, or specialized purposes. Major projects include battery conversions (Karlsøyfjord - NOK 140M+ contract), aquaculture vessel conversions, and LNG bunkering conversions
3. Repair and Maintenance: Ongoing repair, maintenance, and service work for docked vessels including damage repair, hull maintenance, machinery service, and regular maintenance agreements
4. Docking Services: Floating dock services for vessels up to 165m LOA, including dry docking, underwater inspections, and emergency assistance
5. 24/7 Service Operations: Round-the-clock service capabilities including welding repairs, cylinder honing, fuel injector calibration, pump repair, alignment control, and ROV inspections

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Fiskerstrand Verft is a Norwegian shipyard delivering newbuilding, vessel conversion, repair and maintenance, and docking services for ferry operators, aquaculture companies, fishing fleets, seismic survey operators, and government maritime customers. Core construction covers car/passenger ferries, fishing vessels, live fish carriers and fishfeed carriers; conversion work centers on environmentally focused retrofits (battery-electric, LNG/battery hybrid, hydrogen fuel cell, and aquaculture delousing systems). The yard operates a 165m LOA floating dock and provides 24/7 service support.

Product overview

Fiskerstrand Verft AS is a traditional Norwegian shipyard established in 1909, offering a comprehensive portfolio of maritime products and services. The core offerings include Newbuilding (construction of new vessels including car/passenger ferries, fishing vessels, live fish carriers, and fishfeed carriers), Conversion services (vessel modernization including battery hybrid conversions, LNG to electric conversions, aquaculture service vessel conversions), Repair and Maintenance, and Docking Services (floating dock up to 165m LOA). Notable conversion products include MF Fannefjord (LNG/battery hybrid), MF Årdal and MF Lærdal (diesel to hybrid/electric), MF Karlsøyfjord (LNG to full electric), BB Orca and Hydro Patriot (aquaculture service vessels), and Arctic Pearl (offshore to shellfish harvester). The company also provides 24/7 service operations and technical department services including 2D/3D modelling and drawing services.

Differentiator

Problem solved

Functional benefit

Brands

• HYBRIDskip: A project focused on delivering zero-emission ferries with hydrogen fuel cell technology, supported by the Research Council of Norway, Innovation Norway, and Enova through the Pilot-E accelerator program.

Products and services

• Newbuilding (Nybygging)

Quantifiable outcome

• 80% of sailing time on single LNG generator after battery pack installation (MF Fannefjord)
• +2 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ABBcoreTechnology or Integration · 3 April 2019Joint development with ABB and SINTEF on hydrogen fuel cell technology for maritime propulsion. ABB provides system integration expertise for combining fuel cells with battery systems. Testing conducted at ABB-SINTEF Ocean hybrid laboratory in Trondheim.
• SINTEFcoreStrategic or Co-development Partner · 3 April 2019Research partnership in HYBRIDskip project for hydrogen fuel cell ferry conversion. SINTEF contributes expertise from SINTEF Ocean (maritime propulsion) and SINTEF Industry (fuel cell technology). Joint testing at SINTEF laboratories.
• SiemenscoreTechnology or IntegrationSystem supplier for battery-electric ferry conversions. Provides BlueDrive PlusC power boards, Energy Management System (EMS), charging systems, and batteries for conversion projects including Karlsøyfjord.
• AcelminorImplementation/ SI/ Consulting PartnerElectrical installation contractor for ferry conversion projects. Responsible for all electrical installation work on board vessels during conversions.
• Norwegian Maritime Directorate (NMA)coreOthersContinuous regulatory dialogue to ensure compliance with maritime safety and emission regulations during conversion projects. Critical for battery system certifications.
• NTNUminorStrategic or Co-development PartnerResearch collaboration on new ship concepts in fisheries, aquaculture vessels, and passenger transport. Contributes to environmental technology development.
• Multi Maritime AScoreTechnology or IntegrationLong-term design partner providing ship designs (MM series) for newbuilding projects. Majority of ferry newbuilds use Multi Maritime designs.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat5 records

Customer concentration

• LinkedInlinkedin.com/company/fiskerstrand-verft-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 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 Fiskerstrand Verft