Moen Marin

What Moen Marin does

Moen Marin AS is a Norwegian shipbuilder and marine engineering company headquartered in Trondheim, self-described as the world's largest supplier of workboats to the aquaculture industry. The company designs and produces custom service vessels — including catamaran (NabCat 1480–2612 series), single-hull, harvest, high-speed, and fishery vessel types — primarily for fish farm operators, dedicated aquaculture service shipping companies, and commercial fishing fleets in Norway, the UK/Scotland, Iceland, the Faroe Islands, Chile, Spain, and North America. All vessel models are delivered as plug-in hybrids as standard, integrating proprietary eBox battery systems with Danfoss Editron electric propulsion, and the company has pioneered both the world's largest hybrid fishing vessel (MS Angelsen Senior) and the world's first hydrogen-electric aquaculture workboat (Pilot-E).

The company's product architecture follows a platform-plus-modules model: vessels are the core product, augmented by equipment modules (ePower battery solutions, Mekon cage washers), digital modules (mLINK operations and maintenance platform, mLINK Connect data capture, IAS automation system), and service modules (annual service agreements, filter and anode subscriptions, training programs, and lease financing through the affiliated Moen Ship Management). The mLINK ecosystem — installed as standard on every vessel — creates a recurring digital layer beyond the initial sale, with subscription-based service agreements, filter/anode delivery programs, and condition-based maintenance scheduling. The company holds ISO 9001 and ISO 14001 certifications (Kiwa) with DNV GL-audited newbuilding operations, and has been awarded 24 Enova-funded electrification projects.

Moen Marin generates revenue through project-based newbuild contracts (the largest disclosed single contract is the NOK 500M Aqua Seawork agreement for five vessels), supplemented by recurring aftermarket revenue from spare parts, service agreements, training, and financing arrangements. Distribution is direct enterprise field sales with geographic and product-based segmentation, supported by a global aftermarket dispatch capability that has delivered spare parts to customers such as those in Spain within hours of a support ticket. Since November 2019, Moen Marin has operated as a wholly-owned subsidiary of ScaleAQ Group, alongside sister companies Steinsvik, Aqualine, AquaOptima, and Pan Logica. Leadership includes CEO Bernt Lilliestråle (appointed March 2024) and CCO Robin Johansen (appointed October 2025).

Name

Moen Marin

Legal name

Moen Marin AS

Website

https://moenmarin.no

Company type

Private

Founded year

1920

Operating status

Operating

Headcount range

11–50 employees

Short description

Moen Marin AS, headquartered in Trondheim, Norway, is the world's largest supplier of workboats to the aquaculture industry. The company designs and builds hybrid and electric service vessels — including the NabCat catamaran range, harvest vessels, and hydrogen-electric workboats — for fish farm operators and fishing fleets globally, supported by its mLINK digital platform and aftermarket service business.

Ownership category

akta.pro rank

Product category

Aquaculture Workboats and Marine Service Vessels

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Aquaculture & Fish-Farm Service Vessels (Feed, Wellboats, Harvest Support) (IMAJADAF)

akta.pro secondary industries

Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats) (IMAJADAG), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB)

Keywords

• Aquaculture workboats
• Hybrid propulsion vessels
• Catamaran service vessels
• Fleet maintenance software
• Marine battery systems

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vessel Sales — New Build: Moen Marin designs and builds custom workboats (catamarans, single-hulls, harvest vessels, high-speed vessels, fishing vessels) for the aquaculture and fisheries industries. Revenue is generated from vessel construction contracts, typically large enterprise deals. The company builds vessels at its Trondheim facility and also collaborates with Jianglong Shipbuilding (China) for certain vessel series.
2. Equipment & Spare Parts: Sale of equipment including Mekon cage washers, ePower battery systems, cranes, thrusters, and integrated automation systems. Spare parts for propulsion, hydraulics, and onboard systems. Filter and anode agreements provide recurring parts revenue.
3. Service, Support & Aftermarket: Aftermarket support including service agreements, remote support via mLINK, training courses for hybrid boat operation and maintenance, and maintenance management. Service team can dispatch spare parts globally within hours.
4. Financing — Moen Ship Management: Moen Marin offers financing solutions through its partner Moen Ship Management, enabling customers to lease vessels for shorter or longer periods. Leasing reduces capital tie-up and provides flexibility. Revenue is generated through financing partnerships rather than direct lending.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Moen Marin designs, builds and services hybrid and electric workboats, catamarans, harvest vessels, high-speed personnel vessels, and fishing vessels for the global aquaculture and fisheries industries. Its core offering is a plug-in hybrid vessel platform (NabCat series), complemented by proprietary battery systems (eBox), the mLINK digital fleet maintenance platform, and full lifecycle aftermarket support including service agreements, training, spare parts, and financing via Moen Ship Management.

Product overview

Moen Marin is the world's largest supplier of workboats to the aquaculture industry, offering a comprehensive portfolio of maritime solutions. The company operates a platform-plus-modules architecture comprising: (1) Vessels as the core product, including catamaran (NabCat series), single-hull, harvest, high-speed, and fishery vessels with electric/hybrid propulsion; (2) Equipment modules including ePower/eBox battery solutions, Mekon cage washers; (3) Digital modules including mLINK maintenance management, mLINK Connect data capture, data visualization, and IAS automation; (4) Service modules including service agreements, spare parts, training courses, and financing solutions. The product portfolio is unified around the electrification of aquaculture operations, with all vessel models delivered as plug-in hybrids since 2022 and emerging hydrogen hybrid technology through Pilot-E. The company is part of ScaleAQ Group and maintains over 100 years of maritime experience with ISO 9001 and ISO 14001 certifications.

Differentiator

Problem solved

Functional benefit

Brands

• ePower: Battery and electrification solutions for aquaculture vessels, including eBox, eContainer, and eBox Grid Connect products for hybrid and fully electric propulsion systems.
• mLINK
• Mekon
• NabCat

Products and services

• Vessels (Fartøy) Custom-designed workboats and service vessels for the aquaculture and fishery industries. Moen Marin produces single-hull, catamaran, harvest, high-speed, and fishery vessels with plug-in hybrid propulsion as standard since 2022. The company is the world's largest supplier of workboats to aquaculture, with over 100 years of maritime experience.
• NabCat Series (Catamarans) Aluminum and steel catamaran service vessels in sizes 1480, 1510, 1512, 1585, 2112, and 2612 for tough aquaculture operations. All models are delivered standard with plug-in hybrid propulsion, offering high comfort and practical solutions for fish farm service work.
• SAB - NabWork 3912 HYB (Harvest Vessel) Hybrid harvest vessel with Caterpillar main engine, fish pumps, process plants, RSW cooling, washing and disinfection systems, and blood water treatment. Designed for simplified harvesting, reduced wastage, and improved fish welfare with closed fish transport.
• NabCrew Zero AirBlue 1240 Fully electric high-speed personnel transport vessel using Pascal Technologies' AirHull technology, which creates an air pocket between hull and sea surface. Achieves 20-25 knots service speed with up to 40 nautical miles range and up to 50% lower energy consumption versus conventional planing hulls.
• Pilot-E Hydrogen Work Vessel World's first hydrogen-powered workboat for aquaculture, a hydrogen-electric hybrid with a 276 kWh battery and a 145 kW fuel cell. Stores 120 kg of hydrogen in four tanks, offers potential reduction of 300 tons CO2e emissions per year, with approximately weekly refueling.
• 2190 Hybrid Fishing Boat Hybrid fishing vessel reducing greenhouse gas emissions by 25% and diesel runtime by 75% through electric hybrid propulsion. Includes 150 m³ cargo space and energy-efficient heating via heat recovery.
• ePower Battery Systems (eBox, eContainer, eBox Grid Connect) Battery and electrification product family for vessels including eBox deck-mounted and below-deck units (180/360 kWh), eBox Grid Connect for dock facilities with insufficient grid capacity, and eContainer mobile charging stations (810 kWh). All DNV approved and IP67 rated for maritime use.
• Mekon Ringvaskere (Cage Washers) Cage washing equipment for efficient cleaning and disinfection of aquaculture pen systems. RV-2 PE 630 handles pens up to Ø630 mm; both models feature PE construction, integrated hydraulics, disinfection nozzles, and radio control for easy operation.
• mLINK (Operations & Maintenance Platform) Cloud-based operations and maintenance management platform providing real-time overview of vessels, documentation management, equipment tracking, and automated work-order generation. Supports boats, fleets, land bases, and marine structures. Version 4.0 launched April 2024.
• Service & Support (Ettermarked) Aftermarket support program offering 24-hour service support, remote support via mLINK, global spare-parts dispatch, and proactive maintenance advisory services for the global installed base.
• Service Agreements (Serviceavtaler) Annual service agreements providing maintenance analysis and condition reports, discounts on spare parts, priority 24-hour support, smart survey monitoring through mLINK, and discounts on training courses.
• Spare Parts (Reservedeler) Spare parts supply program including filter agreements (regular deliveries at discounted prices) and anode agreements (tailored packages for vessels), with orders placed directly through the mLINK platform.
• Courses and Training (Kurs og opplæring) Training programs for crew members on hybrid boat systems, including practical maneuvering, control systems operation, equipment inspection, maintenance, and safety procedures. Course certificates are issued upon completion.
• Vessel Financing/Leasing (via Moen Ship Management) Flexible financing solutions through partner Moen Ship Management offering lease arrangements for shorter or longer periods. Reduces customer capital commitment, freeing resources for growth or development; vessels delivered with service packages.

Quantifiable outcome

• 110 hybrid vessels and 1 fully electric fast vessel delivered as of January 2026
• +6 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature11 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• ScaleAQ Group (formerly Scale AQ)coreStrategic or Co-development Partner · 1 November 2019Moen Marin became a wholly-owned subsidiary of ScaleAQ Group in November 2019. ScaleAQ (result of 40 years of experience, comprising Steinsvik, Aqualine, AquaOptima, and Pan Logica) provides Moen Marin access to a broader portfolio of aquaculture products and services. Together, the group aims to be one of the world's leading suppliers to the aquaculture industry. ScaleAQ branding appears on Moen Marin's website header alongside the Moen Marin logo.
• SkaMik AScoreStrategic or Co-development PartnerSkaMik developed the SkaMik 1.5 non-medicinal sea lice treatment technology. Moen Marin sells SkaMik's delousing technology through its distribution network and is a co-owner in SkaMik. The technology is used by Norwegian aquaculture operators (Lerøy Midt, Alsaker Fjordbruk, Sinkaberg-Hansen, etc.) and is being launched in Scotland via the Green Sealice Solutions joint venture.
• Green Sealice Solutions ASminorStrategic or Co-development PartnerJoint venture between SkaMik, Moen Marin, founders Frode Ramvik and Ole Helge Limann, and Gull Service rederi. Established to deliver non-medicinal sea lice treatment services to Scottish aquaculture operators using SkaMik technology. Moen Marin is a co-owner providing vessel and market access. The venture aims to provide delousing services in Scotland from summer 2019 onwards.
• Marin DesigncoreTechnology or IntegrationMarin Design is the naval architecture firm responsible for the catamaran hull designs used across the NabCat series (1512, 1812, 2112, etc.). The established catamaran platform designed by Marin Design is the foundation of Moen Marin's most successful vessel product line.
• Danfoss EditroncoreTechnology or IntegrationDanfoss Editron supplies electric propulsion motors (e.g., PM 165kW, PM 350kW, PM 575kW) used across the NabCat hybrid vessel range. Critical component partner for Moen Marin's electrification strategy.
• Hexagon (hydrogen tanks)coreTechnology or IntegrationHexagon supplies the hydrogen tank system for the Pilot-E project — four tanks storing 120 kg of hydrogen total, enabling the world's first hydrogen-powered aquaculture workboat.
• ZEM AS (fuel cells)coreTechnology or IntegrationZEM AS supplies the 145 kW fuel cell for the Pilot-E hydrogen-electric hybrid vessel. The fuel cell provides continuous power generation alongside the battery system for extended range.
• Moen VerftcoreStrategic or Co-development PartnerMoen Verft is a shipyard collaborating with Moen Marin and Marin Design on the Pilot-E hydrogen vessel project. The vessel is being built at Moen Verft's facility.
• NTE & H2 Marine (hydrogen production facility)coreTechnology or IntegrationNTE and H2 Marine established a hydrogen production facility on Kråkøya in Nærøysund using wind and water power to produce green hydrogen. This serves as a 'charging station' for the Pilot-E vessel, and is one of only five hydrogen hubs nationally — and the only one designed for maritime use.
• SalMarcoreStrategic or Co-development PartnerSalMar is part of the Pilot-E consortium and will operate the hydrogen-powered workboat at its fish farm sites, providing real-world operational feedback and serving as the anchor customer for the vessel.
• Pascal Technologies (AirHull)coreTechnology or IntegrationPascal Technologies developed the AirHull technology used in the NabCrew Zero AirBlue 1240. The AirHull creates an air pocket between hull and water, reducing energy consumption by up to 50%. Moen Marin and Pascal collaborated with Enova funding to develop the fully electric high-speed vessel.
• NORHyWAY Project / RENERGY / SINTEFminorStrategic or Co-development PartnerNORHyWAY is a green hydrogen infrastructure project (€963m planned investment, €20m EU Horizon Europe funding) led by RENERGY with SINTEF as technical coordinator. ScaleAQ/Moen Marin is involved in developing maritime hydrogen refueling infrastructure for aquaculture vessels, contributing to coastal production hubs and transport corridors between Trondheim and Oslo. The project targets 37,081 tonnes/year green hydrogen production by 2030.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Grovfjord Verft: Smaller Norwegian shipyard building fishing vessels and aquaculture service craft for Norwegian coastal operators — directly comparable niche and customer segment.
• Havyard Group: Norwegian shipbuilder that designs and builds fishing vessels, service vessels, and high-speed craft with hybrid and electric propulsion options — directly comparable product portfolio targeting overlapping Norwegian maritime customers.
• Aas Mek Verksted: Norwegian shipyard building commercial fishing vessels and service craft, with a comparable hybrid/electrification push and customer base of Norwegian fishing fleet owners.

Others

• ABB Marine & Ports: Global supplier of marine hybrid/electric propulsion and automation systems (including Onboard DC Grid) that compete or complement at the vessel electrification subsystem layer used in aquaculture workboats.
• Wärtsilä: Supplier of marine engines, hybrid propulsion systems and lifecycle services for vessels — an enabling technology partner/competitor at the propulsion-system layer rather than a vessel builder.
• Corvus Energy: Supplier of lithium-ion battery energy storage for marine hybrid and zero-emission vessels — directly upstream of Moen Marin's eBox, eContainer and hybrid integrations.
• Brunvoll Mar-El: Norwegian supplier of marine propulsion and manoeuvring thrusters for service and aquaculture vessels — adjacent component supplier rather than direct vessel competitor.

Broad incumbents

• Damen Shipyards Group: Global workboat and small craft builder with a portfolio that includes aquaculture support vessels, fast crew suppliers, and hybrid patrol craft; broader scope but overlapping vessel categories.
• Ulstein Verft: Norwegian shipbuilder specialising in offshore service vessels, tugs, and advanced marine craft, increasingly active in electrification — adjacent to Moen Marin's hybrid/hybridisation focus.
• Vard (Fincantieri): Norwegian-headquartered shipbuilder owned by Fincantieri, building offshore support, fishing, and aquaculture-service vessels at scale; partial product overlap and large installed base gives it comparable enterprise customer relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/moenmarin
• LinkedInlinkedin.com/company/moen-marin-as

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Moen Marin