Vicinay Marine
Vicinay Marine is a Bilbao-based industrial manufacturer founded in 1820 that designs and produces high-strength mooring chains (R3–R6 grades, up to 220mm) and forged connectors for offshore floating structures, serving oil and gas majors, offshore wind developers, and aquaculture operators across 30+ countries.
- Company typePrivate
- Founded1820
- HeadquartersBilbao, Spain
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Vicinay Marine does
Vicinay Marine S.L.U. is a Bilbao-based industrial manufacturer founded in 1820 that designs and produces high-strength steel mooring chains (40–220mm diameter, grades R3 through R6) and a catalog of more than 1,000 class-certified forged connectors (shackles, ILTs, H-links, sockets, ROV-installable subsea connectors) for offshore energy assets. Its operations are organized through wholly-owned subsidiaries: Vicinay Sestao (chains), Vicinay Mooring Connectors (connectors), Vicinay Marine Innovación (R&D and engineering services), and Ingemoor (integrity management and maintenance), with production sites in Spain, Brazil (Brasilamarras, since 1978), and China (FMAC, since 2004) supporting an 88,000-tonne annual capacity.
The company's revenue model combines project-based hardware sales of chains and connectors to major offshore operators with recurring engineering, inspection, and integrity-management services. Customers include supermajors and NOCs (Shell, CNOOC, Petrobras, ENI, Inpex, ConocoPhillips, Chevron) and offshore wind developers (Equinor, Cobra/Kincardine, WindPlus/EDP), typically under multi-year project contracts and class society certifications. Pricing is quote-based and not publicly disclosed; competitive moat relies on proprietary metallurgical grades (R5 at 1000 MPa, R6 at 1100 MPa), Thermal Sprayed Aluminum/Carbide coatings (ISO 12944 CX, 25+ year durability), Variable Geometry Weight chain geometry, RFID identification, and emerging digital twin/remote corrosion monitoring technologies developed with Tecnalia.
Since July 2025, Vicinay Marine has been undergoing a major transition: the company entered pre-insolvency proceedings, executed a €170 million debt restructuring with 93% write-off by eight banks, and was integrated into Velora Invest (formerly Corporación Cunext Industries) via a €60 million capital injection by Dámaso Quintana, with ownership transfer completing on 2026-07-09. The new ownership positions the company to continue operations under a broader industrial group with stronger financial foundation while preserving its specialization in mooring systems for floating offshore wind, oil and gas, and aquaculture markets.
Vicinay Marine firmographics
Firmographics- Name
- Vicinay Marine
- Legal name
- VICINAY MARINE S.L.U.
- Website
- https://vicinaymarine.com
- Company type
- Private
- Founded year
- 1820
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Vicinay Marine is a Bilbao-based industrial manufacturer founded in 1820 that designs and produces high-strength mooring chains (R3–R6 grades, up to 220mm) and forged connectors for offshore floating structures, serving oil and gas majors, offshore wind developers, and aquaculture operators across 30+ countries.
- Ownership category
- akta.pro rank
Vicinay Marine industry classification
Industry- Product category
- Marine Mooring Equipment
- NAICS
- Ship Building and Repairing (336611)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting) (IMAJAIAG)
Keywords
Where Vicinay Marine is headquartered
LocationHeadquarters
- HQ city
- Bilbao
- HQ country
- Spain
- HQ region
- Europe
Offices7 records
Markets served
Vicinay Marine business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure
Revenue model
- Mooring Chain Manufacturing: Design, manufacture and supply of high-strength mooring chains for Oil & Gas, offshore wind, and aquaculture sectors. 88,000 tons/year production capacity. Chains sold in diameters from 40mm to 220mm across grades R3 through R6.
- Mooring Connectors: Design and manufacture of high-quality connector accessories including ILTs, H-links, D-type shackles, offshore thimbles, triplates, sockets, uni-joints, and ROV-operated subsea connections. Weights from 100kg to 3,500kg.
- Engineering Services: Engineering and testing services including mooring integrity management, fitness-for-service assessments, full-scale strength and fatigue testing, structural analysis, and hydrodynamic/mooring analysis. Provided through Vicinay Marine Innovación subsidiary.
- Integrity and Maintenance Services: Offshore and onshore inspection services, corrective/preventive/predictive maintenance, and monitoring services through Ingemoor subsidiary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Project-Based Pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Vicinay Marine product offering
Product offeringCore offering
Vicinay Marine designs, manufactures, and supplies mooring chains and connectors for offshore floating energy infrastructure, serving Oil & Gas, Offshore Wind, and Aquaculture sectors. The company operates integrated production facilities in Spain, Brazil, and China with a combined capacity of 88,000 tons per year, producing R5 and R6 grade high-strength mooring chain, proprietary connector systems, and complementary mooring accessories, complemented by integrity management and engineering services.
Product overview
Vicinay Marine is a world leader in the design, manufacture, and supply of mooring chains and connectors for the offshore energy industry, operating as a family-owned industrial group since the mid-17th century. The product portfolio centers on two core manufactured products—Mooring Chains (up to 220mm diameter in grades R3 through R6) and Mooring Connectors (including ILTs, shackles, thimbles, sockets, and subsea solutions)—supplemented by three service divisions: Vicinay Marine Innovación (R&D, engineering, and testing services), Integrity Services/Ingemoor (offshore/onshore inspections and mooring integrity management), and Smart Industry Services (automation, sensorization, and monitoring). The company also offers proprietary high-strength steel grades (R5/R6), specialized coatings (TSA, TSC), and VGW chain solutions. All offerings are supported by comprehensive maintenance services and a network of manufacturing facilities in Spain, Brazil, and China.
Differentiator
Problem solved
Functional benefit
Brands
- Vicinay Marine Innovación (VMi): Research and Development, Engineering/Testing Services and Innovation subsidiary responsible for R&D projects, technological services and innovative solutions for mooring floating systems
- Ingemoor
- Vicinay Mooring Connectors
Products and services
- Offshore Mooring Chains High-strength mooring chains manufactured in R5 and R6 grades for permanent floating mooring systems in Oil & Gas, floating offshore wind, and aquaculture applications.
- Mooring Connectors (D-Shackles)
Quantifiable outcome
- Over 1,000,000 tonnes of chain delivered in landmark offshore projects
- +4 more outcomes
Companies that use Vicinay Marine
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
Vicinay Marine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature7 records
Vicinay Marine partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core.
- Tecnalia Research and InnovationcoreJoint development of pioneering sensor for remote monitoring of corrosion on mooring lines. Sensor uses electrical resistance measurement technology for real-time section loss quantification and remaining service life prediction. Validated at HarshLab, Europe's only floating test platform for real marine conditions.
- Tecnalia Research and InnovationcoreHARSH project consortium partner for technologies for design, advanced manufacturing and validation of components for energy facilities in offshore environments. Also developed HarshLab laboratory at BIMEP for real marine environment testing.
- Tecnalia Research and InnovationcoreMooringSense project consortium partner developing low-cost smart sensor for FOWT motion monitoring, Digital Twin model, and Structural Health Monitoring techniques for floating wind farms.
- Tecnalia Research and InnovationcoreNAUTILUS project partner for validation and design of semi-submersible structure for floating offshore wind power. Consortium led by Tecnalia.
- EquinorcorePrimary customer for Hywind Tampen project - world's largest floating offshore wind farm. Supplied 6,600 tonnes of mooring chains and connectors including specialized ILT designs for shared anchors.
- Iberdrola Ingeniería y ConstruccióncoreUHINDAR project consortium leader for oscillating water column wave energy collector including structure and mooring system. Installed at BIMEP in 2017.
- Saitec Offshore TechnologiescoreFLOAT & M project consortium partner developing comprehensive O&M solution for offshore floating wind including new equipment (drones, robots, connectors), digital solutions, and corrosion prevention materials. Hazitek 2021 project.
- ACS CobracoreFLOCAN 2 GRID project consortium leader for new solutions for platforms and innovative technologies associated with power off-take and grid connection of floating offshore wind farms. CIEN Strategic Programme.
- ShellcoreSupplied mooring chains and connectors for Prelude FLNG facility (13,000 tonnes), world's largest FLNG facility. Also supplied Bonga FPSO and other Shell projects.
- InpexcoreSupplied 40,000 tonnes of chains and connectors for Ichthys LNG development in Australia, one of world's most complex LNG developments. Largest chain supply in Vicinay Marine history.
- IK4-IkerlancoreMECOFFBI project consortium partner for mechatronic technologies oriented to offshore applications, assessing surface treatments and application technologies for corrosion and wear protection.
- ASOCIACIÓN CENTRO TECNOLÓGICO CEIT-IK4coreMODELAM project consortium partner for modelling behaviour of metallic alloys against hydrogen embrittlement and fatigue phenomena. Also partner in RFMALLOY project for crack growth modelling.
- PetrobrascoreLocal-content compliant supply of mooring chains for major offshore projects in Brazil including Almirante Tamandaré, Alexandre de Gusmão, Mero 4 and Búzios developments.
- ChevroncoreMooring Against Corrosion (MAC) JIP partner for integrity management and characterization of microbiologically influenced corrosion (MIC) and protection systems.
- DNVcoreNorMoor JIP consortium partner (Phase I, II, III) for safe mooring line design reliability analysis from probabilistic perspective regarding environmental, numerical and strength conditions.
- Bridon-Bekaert Ropes GroupcoreMooringSense consortium partner, worldwide market leaders in wires and ropes producing hybrid solutions for mooring lines. Collaborate to improve understanding of mooring lines loading and performance.
- Saitec SAcoreMooringSense consortium partner, floating wind turbine platform developer and end user of developed technology.
- Tubacex InnovacioncoreH2MAT+ project consortium partner for design, production and evaluation of advanced metal alloys and structures in hydrogen service conditions.
- BCAM - Basque Center for Applied MathematicscoreRUL-ET project consortium partner for developing AI-based approaches to estimate Remaining Useful Life (RUL) of moorings and umbilicals in offshore renewable technologies.
- Tecnalia Research and InnovationcoreUHINDAR project R&D unit partner for wave energy collector development.
- Mondragon Goi Eskola PoliteknikoacoreUHINDAR project R&D unit partner for wave energy collector development.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
Vicinay Marine competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Vicinay Marine social profiles
Digital presenceVicinay Marine compliance and trust
Trust signalCompliance5 records
Vicinay Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vicinay Marine leadership team
Management profileNumber of profiles
Vicinay Marine subsidiaries and ownership
Company hierarchySubsidiaries6 records
Vicinay Marine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vicinay Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vicinay Marine
What does Vicinay Marine do?
Vicinay Marine designs, manufactures, and supplies mooring chains and connectors for offshore floating energy infrastructure, serving Oil & Gas, Offshore Wind, and Aquaculture sectors. The company operates integrated production facilities in Spain, Brazil, and China with a combined capacity of 88,000 tons per year, producing R5 and R6 grade high-strength mooring chain, proprietary connector systems, and complementary mooring accessories, complemented by integrity management and engineering services.
Is Vicinay Marine a public or private company?
Vicinay Marine is a private company. It is classified as private equity controlled and is currently operating.
When was Vicinay Marine founded?
Vicinay Marine was founded in 1820. It employs 11 to 50 people.
Where is Vicinay Marine based?
Vicinay Marine is headquartered in Bilbao, Spain, in the Europe region.
How does Vicinay Marine make money?
Four revenue lines are on record. Mooring Chain Manufacturing is the primary driver. The others are mooring Connectors, engineering Services and integrity and Maintenance Services.
Does Vicinay Marine have an API?
No public API is recorded for Vicinay Marine.
What industry is Vicinay Marine in?
Vicinay Marine's product category is Marine Mooring Equipment. Its primary akta.pro industry code is IMAJAIAG, Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting). Its NAICS code is 336611 and its SIC code is 3730.