Njord Aquashipping

What Njord Aquashipping does

Njord AS is a Norwegian aquaculture services company established in 2023 and owned by the investment firm Frøy Kapital. The company operates through two divisions: Njord Aquashipping, which provides brønnbåt (wellboat) services for salmon farmers including live fish transport, sea lice treatment (delousing), biological control, and welfare monitoring; and Njord Aquaservice, which operates high-speed service boats and net cleaning operations. The company primarily serves large-scale commercial salmon farming operators along the Norwegian coast, with Mowi — the world's largest salmon farmer — as its named anchor customer on multi-year contracts for two newbuild vessels.

Njord's current operational fleet comprises two wellboats — MS Njord Pioner (1,500 m³, delivered February 2023 from Astilleros Balenciaga in Spain) and MS Njord Kya (2,800 m³, delivered January 2025 from Sefine Shipyard, equipped with battery pack, heat recovery, and exhaust cleaning) — plus the Njord Flyer, a 14.99 m ProZero composite workboat delivered by ProZero (Denmark). Three sister newbuilds (MS Njord Hidra, MS Njord Stad, MS Njord Sula) at 4,700 m³ each are under construction at Aas Mek. Verksted AS for staggered delivery across 2027, with hulls sourced from Atlas Shipyard in Turkey. Technical differentiators embedded in the fleet include Thermolicer thermal delousing systems (400 t/t capacity), Wellfighter sea lice treatment, Wingtech fish counters with welfare scoring (350,000 fish/hour dry counting, 500 t/t sorting, 800 t/t large-fish counting), and circulation systems with 2 × 14,800 m³/hour filtration and UV treatment.

Njord generates revenue primarily through long-term subscription-style contracts for vessel services with major aquaculture operators, complemented by the Ren Not Garanti ('Clean Net Guarantee') monthly subscription service developed with Remora Robotics, which deploys autonomous brush robots for net cleaning at a fixed monthly price. Sales are conducted via a direct enterprise field-sales motion led by managing directors (Tomas Okstad for Aquashipping, Anders Gåsø for Aquaservice) with no intermediaries. The company is expanding internationally through Frøy Kapital's investment in NL Marine Services, a Canadian aquaculture service operator in Newfoundland. Headquartered at Sistranda, Norway, Njord had 15 employees as of the most recent disclosure.

Name

Njord Aquashipping

Legal name

Njord AS

Website

https://njordas.no

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Njord AS is a Norwegian aquaculture services company operating wellboat (brønnbåt) and service boat divisions that provide live fish transport, sea lice treatment, welfare monitoring, and net cleaning to large salmon farming operators — anchored by Mowi — with a fleet expanding from two to five vessels by 2027.

Ownership category

akta.pro rank

Product category

Aquaculture Vessel Services

NAICS

Aquaculture (1125)

akta.pro primary industry

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

akta.pro secondary industries

Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM), Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ)

Keywords

• Aquaculture vessel services
• Live fish transport
• Sea lice treatment
• Wellboat operations
• Fish farm maintenance

Headquarters

HQ city

Sistranda

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Brønnbåt (Wellboat) Services: Long-term contracts for fish transport services using purpose-built brønnbåt vessels. Vessels provide live fish transfer, de-lousing, and biological control services to salmon farmers. Revenue generated through multi-year service agreements with major aquaculture operators.
2. Aquaservice - Service Båt Operations: High-speed service vessels providing net cleaning, maintenance and support services to fish farms. Includes the 'Ren Not Garanti' subscription model with autonomous robot technology for guaranteed clean nets at fixed monthly pricing.
3. Fish Handling Equipment Services: Specialized fish handling including sorting, counting, and welfare monitoring. Revenue from service provision during fish transfer operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Njord provides specialized wellboat (brønnbåt) and service boat operations to the Norwegian salmon farming industry. Core offerings include live fish transport between farm sites, in-vessel sea lice treatment and de-lousing, biological control, fish counting/sorting with welfare scoring, and high-speed net cleaning and maintenance services. The company operates a modern fleet including MS Njord Pioner, MS Njord Kya, and three 4,700 m3 newbuilds under construction (Njord Hidra, Njord Stad, Njord Sula), plus the Njord Flyer service vessel. The 'Ren Not Garanti' subscription service offers autonomous net cleaning robots in partnership with Remora Robotics.

Product overview

Njord operates as a Norwegian aquaculture services company organized into two divisions: Njord Aquashipping operates a fleet of well boats (brønnbåt) for fish transport, including MS Njord Pioner (1,500 m3, 2023), MS Njord Kya (2,800 m3, 2025), and three newbuilds - MS Njord Hidra, MS Njord Stad, and MS Njord Sula (all 4,700 m3, delivering 2027). Njord Aquaservice operates service boats including Njord Flyer (ProZero 15m HPC workboat) and provides the Ren Not Garanti autonomous net cleaning service in partnership with Remora Robotics. All vessels focus on fish welfare, gentle handling, delousing, and biological control for the salmon farming industry.

Differentiator

Problem solved

Functional benefit

Products and services

• MS Njord Pioner Wellboat Service Versatile well boat service with 1,500 m3 well volume across two tanks, featuring Møre Maritime design, Caterpillar/Pon Power generators, and Wingtech fish counting systems. Used for live fish transport, delousing, and biological control services for salmon farmers.
• MS Njord Kya Wellboat Service Well boat service with 2,800 m3 well volume and 420-ton live fish capacity. Built at Sefine shipyard with environmental-friendly design including exhaust cleaning, battery pack, and heat recovery for reduced environmental footprint.
• MS Njord Hidra Wellboat Service Well boat service with 4,700 m3 well volume under long-term contract to Mowi. Features focus on gentle handling, effective delousing via Thermolicer and Wellfighter systems, and biological control capabilities. Scheduled for Q1 2027 delivery.
• MS Njord Stad Wellboat Service Well boat service with 4,700 m3 well volume under long-term contract to Mowi. Features diesel-electric propulsion with 4x Yanmar engines, Brunvoll thrusters, and advanced circulation system with UV treatment. Scheduled for Q2 2027 delivery.
• MS Njord Sula Wellboat Service Well boat service with 4,700 m3 well volume. Sister vessel to Njord Hidra and Njord Stad, focused on fish welfare, delousing, and biological control for salmon farming customers. Scheduled for Q4 2027 delivery.
• Njord Flyer Service Boat Operations High-speed service boat operations built by ProZero in Denmark. 14.99m LOA, 3.6m beam, 0.75m draft, featuring stealth net cleaning system, M65.20A crane, 2x Volvo Penta D11 engines, and service speed of 25 knots for fish farm maintenance and net cleaning operations.
• Ren Not Garanti (Clean Net Guarantee) Service Subscription-based net cleaning service offering autonomous brush robots for salmon farm net cleaning with guaranteed clean nets at a fixed monthly subscription price. Co-developed with Remora Robotics, improving biosecurity and fish health.

Quantifiable outcome

• Vessels equipped with advanced welfare monitoring scoring systems and fish counters rated at 350,000 fish/hour capacity
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Aas Mek. Verksted AScoreStrategic or Co-development Partner · 13 August 2025Shipyard partnership for construction of three sister vessels (Njord Hidra, Njord Stad, Njord Sula) at 4700 m3 capacity each, to be delivered in 2027. Partnership builds three high-tech brønnbåt vessels with focus on fish welfare, de-lousing, and biological control systems.
• Remora RoboticscoreStrategic or Co-development Partner · 11 November 2024Strategic partnership for autonomous net cleaning robot technology. Jointly developed 'Ren Not Garanti' (Clean Net Guarantee) product offering autonomous brush robots for net cleaning with guaranteed clean nets at fixed monthly subscription price. Provides biosecurity improvement, fish health benefits, and sustainable aquaculture support.
• NL Marine Services INC.minorStrategic or Co-development PartnerCanadian service company invested in by Frøy Kapital, delivering service boat services to aquaculture industry on Newfoundland. Andreas Krogstad appointed as CEO. Represents strategic expansion into North American aquaculture market.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Steinsvik AS: Norwegian supplier of aquaculture equipment and technology (feeding systems, sensors, cameras, service vessels) to salmon farmers. Comparable customer base and partial overlap on technology-led service innovation, though broader and more equipment-focused than Njord.
• AKVA Group ASA: Largest publicly listed aquaculture technology company globally, offering recirculating systems, fish handling equipment, sensors, and software to salmon farmers. Overlaps with Njord through fish welfare and biosecurity technology but operates across a much broader portfolio.

Direct peers

• Sølvtrans ASA: Norway's largest publicly listed wellboat operator with a fleet of brønnbåt vessels serving the salmon aquaculture industry. Directly comparable to Njord Aquashipping in vessel class, customer base (salmon farmers), and service offerings (live fish transport, delousing).
• Frøy AS: Norwegian wellboat and service vessel operator also owned by Frøy Kapital (Njord's parent). Operates a comparable brønnbåt fleet for salmon farming customers, making it the closest sibling operationally despite shared ownership.
• Cflow AS: Norwegian provider of live fish handling and circulation systems purpose-built for wellboats, closely aligned with Njord's fish welfare, de-lousing, and transport technology stack. Comparable in target customer (wellboat operators) and product scope (fish handling equipment).
• Moreld Aqua AS: Norwegian aquaculture service company (formerly including DESS Aquaculture Shipping) operating vessels and services for the salmon farming industry. Direct competitor in wellboat and aquaculture service provision to Norwegian and international salmon farmers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/njord-aquashipping

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 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 Njord Aquashipping