SEAWORKS

Name

SEAWORKS

Legal name

Seaworks AS

Website

https://seaworks.no

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

SEAWORKS AS is a privately held Norwegian maritime services group operating eleven vessels along the Norwegian coast, providing self-unloading bulk transport of construction materials (sand, gravel, asphalt) and subsea cable installation and maintenance for telecom, energy, and construction-sector clients.

Ownership category

akta.pro rank

Product category

Coastal Maritime Shipping Services

NAICS

Coastal and Great Lakes Freight Transportation (483113), Marine Cargo Handling (488320), Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA)

akta.pro secondary industries

Landing Craft & Amphibious Workboats (LCM/LCT-style, Beaching Craft) (IMAJADAK), Commercial Ship Repair & Drydocking (TLAKAKAA), Underwater Hull Services (Diving, In-Water Cleaning, Propeller Polishing, Inspection) (TLAHAMAL)

Keywords

• Maritime bulk transport
• Submarine cable installation
• Coastal shipping services
• Self-unloading vessels
• Ship management brokerage

Headquarters

HQ city

Harstad

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bulk transport services: Transport of bulk goods including sand, gravel, asphalt, and general cargo along the Norwegian coast using specialized self-unloading vessels. Revenue generated through freight charges based on cargo volume and delivery distance.
2. Sea cable services: Installation of communication and power cables in coastal areas, seabed mapping, oil spill response, offshore assignments, and aquaculture services through Seaworks Kabel division.
3. Ship management and crewing: Administration and manning of ships for own and third-party shipping companies through Seaworks Management AS.
4. Property rental and marina services: Rental of offices and warehouses at Skoleveien and Langnesveien facilities, marina operations at Hjellholmen with 85 boat places, fuel station, and boat lifting services up to 10 tonnes through Hokland Eiendom AS.
5. Brokerage of transport services: Brokering of transport services for own and other shipping companies, matching cargo demand with vessel availability.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

SEAWORKS operates a fleet of self-unloading bulk vessels for coastal transport of sand, gravel, asphalt, and general cargo along the Norwegian coast, with several vessels equipped with onboard conveyor belts enabling direct-to-site unloading without quay infrastructure. Through its Seaworks Kabel division, the company also provides submarine cable installation and maintenance services for telecom and energy customers. Supporting activities include ship management, crewing, brokerage, and marina operations.

Product overview

SEAWORKS is a Norwegian shipping company operating under the Seaworks Gruppen (Hokland Holding AS). The company offers two core services: bulk transport and sea cable services. The bulk transport fleet consists of multiple self-unloading vessels ranging from 55-88 meters in length, including the recently delivered carbon-neutral M/S Vigdis H (LNG-powered), as well as M/S Martin H, M/S Helene H, M/S Geir Tore H, Marion Anita, M/S Mercator, M/S Faktor, M/S Barents Ocean, and M/S Nidarø. Several vessels are equipped with onboard conveyor belt systems for efficient cargo handling. Seaworks Kabel provides subsea cable installation and maintenance services, having installed over 800 cables since 1997. The group also operates Seaworks Slip & Marina for boat maintenance and marina services. The company maintains 11 vessels in total and serves customers primarily along the Norwegian coast.

Differentiator

Problem solved

Functional benefit

Brands

• Seaworks Kabel: Sea cable services division specializing in installation of communication and power cables in coastal areas

Products and services

• Bulk Transport Services Coastal maritime bulk transport of sand, gravel, asphalt, and general cargo along the Norwegian coast using a fleet of self-unloading vessels. Several vessels have onboard conveyor belts enabling direct unloading to trucks, facilities, or construction sites without requiring quay infrastructure.
• Sea Cable Services (Seaworks Kabel) Submarine cable installation and maintenance services for communication and power cables in coastal waters, including seabed mapping, oil spill response, offshore assignments, and aquaculture services. Leading provider in Norway with over 800 cables installed since 1997.
• Ship Management and Crewing Administration and manning of ships for own and third-party shipping companies through Seaworks Management AS, providing technical management and crew services.
• Maritime Transport Brokerage Brokerage of transport services matching cargo demand with vessel availability for own and third-party shipping companies, with broker offices in Harstad and Fredrikstad.
• Seaworks Slip & Marina Services Slipway and marina services at Hjellholmen including boat lifts up to 10 tonnes, fuel station (diesel and gasoline), boat washing with water collection, and camera surveillance. Marina has capacity for 85 boats.
• Property Rental and Real Estate Rental of offices and warehouses at Skoleveien and Langnesveien facilities through Hokland Eiendom AS.
• M/S Vigdis H (Vessel) 79.5-meter LNG-powered bulk carrier delivered in 2023, the first carbon-neutral bulk carrier in its class under 5,000 tonnes. Features Bergen Engine LNG main engine (1,460 KW), 4,500 m³ cargo hold, and 3,900 tonnes deadweight capacity.
• M/S Martin H (Vessel) Bulk carrier built at Cemre Marin shipyard in Turkey, delivered December 2012. 67.95m length, 2,500t deadweight, equipped with Wartsila 4L20 main engine and conveyor belt system.
• M/S Helene H (Vessel) Bulk carrier built at Cemre Marin shipyard in Turkey, delivered February 2013. 67.95m length, 2,500t deadweight, equipped with Wartsila 4L20 main engine and conveyor belt system.
• M/S Geir Tore H (Vessel) Bulk carrier 81.36m length, built 2010 in Bangladesh. 2,600t summer/2,500t winter deadweight. Equipped with MAN B&W main engine (1,720 KW), Volvo EC480 cargo gear, and 24m conveyor belt over bow with 500 tonnes/hour unloading capacity.
• Marion Anita (Vessel) Longship bulk carrier 87.83m length. 3,200t summer/3,080t winter deadweight. Features Deutz 1,500 kW main engine, Volvo EC750D cargo gear, and 700 tonnes/hour discharging capacity.
• M/S Mercator (Vessel) Bulk carrier built in Germany at Husumer Dock. 76.13m length, 2,250t deadweight capacity. Features Deutz SBV6M628 main engine and Hitachi 490 cargo gear.
• M/S Faktor (Vessel) Bulk carrier built 1971, 55.28m length. 1,250t deadweight capacity. Equipped with Alpha main engine (580 KW) and Hitachi cargo gear.
• M/S Barents Ocean (Vessel) Bulk carrier built 1984, 76.45m length. 1,850t deadweight capacity. Features Callesen Type 427 FOTK main engine (588 KW) and Volvo EC380 cargo gear.
• M/S Nidarø (Vessel) Jointly owned vessel (50% Seaworks, 50% GABBRO NORD) operating primarily on the Helgeland coast. Built 1987, 67.35m length, 1,700t summer/1,650t winter deadweight capacity.

Quantifiable outcome

• Over 800 communication and power cables installed since 1997
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Seløy UndervannsserviceminorStrategic or Co-development Partner · 7 November 2022Partnership announcement between Seløy Undervannsservice and Seaworks for underwater services collaboration.
• Eides RedericoreStrategic or Co-development Partner · 25 April 2018Seaworks purchased 50% of M/S Rignator, forming a new company Rignator AS as a long-term partnership to strengthen bulk transport along the coast. M/S Rignator, built in 2001 with 2700 tonnes capacity, replaced the older M/S Sveanord from 1976.
• TelenorcoreStrategic or Co-development Partner · 3 July 2017Seaworks Kabel secured a new emergency preparedness contract with Telenor for cable maintenance. M/S Nordkabel maintains emergency port in Bergen after Telenor ramped up preparedness for submarine cable failures.
• GABBRO NORDcoreStrategic or Co-development Partner · 9 March 2016SEAWORKS and GABBRO NOR invested jointly in a new MS Nidarø vessel with 50% ownership each. The vessel operates primarily on the Helgeland coast, providing increased flexibility and strengthened delivery capability for customers.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Solstad Maritime ASA: Norwegian offshore and coastal vessel operator listed on Oslo Børs. Comparable to Seaworks as a Norwegian shipowner with coastal and offshore service exposure, though focused primarily on OSV segments rather than bulk aggregates.
• Multi Maritime AS: Norwegian coastal shipping operator with bulk carriers similar in size to Seaworks' fleet. Comparable in vessel class and Norwegian coastal-route focus, though focused more on the southern/western Norwegian coast.

Broad incumbents

• Wilson ASA: One of Norway's largest coastal and short-sea bulk and general-cargo operators. Comparable to Seaworks in coastal Norwegian bulk transport and customer base (construction, infrastructure) but operates a substantially larger fleet and broader service portfolio.
• Østensjø Rederi: Established Norwegian shipping group with offshore and coastal tonnage. Comparable to Seaworks in Norwegian maritime services footprint, though more diversified into offshore wind and tug operations.
• Prysmian Group: Global subsea cable manufacturer and installer with its own fleet of cable-lay vessels. Comparable to Seaworks Kabel for subsea telecom and power cable projects, though far larger and vertically integrated into cable manufacturing.
• Global Marine Group: UK-headquartered provider of subsea cable installation, maintenance, and inspection services. Comparable to Seaworks Kabel in submarine cable installation work, but operates at much larger scale internationally.
• J.J. Ugland AS: Norwegian family-owned shipping group with bulk carriers and offshore service vessels. Comparable to Seaworks as a long-established Norwegian shipowner with similar coastal and offshore service exposure.

Direct peers

• Eides Rederi: Norwegian coastal shipping operator and Seaworks' 50% JV partner in Rignator AS. Operates bulk carriers along the Norwegian coast with overlapping customer segments in construction materials and similar self-discharge capabilities.
• Gabbro Nord AS: Norwegian quarry operator and coastal shipping partner of Seaworks (50/50 owner of MS Nidarø). Directly comparable in coastal Norwegian bulk transport of aggregates and construction materials, with overlapping customer base and Helgeland-coast operations.
• Bølgen Shipping AS: Norwegian coastal bulk carrier operating along the Norwegian coast. Directly comparable to Seaworks in vessel size, cargo mix (sand, gravel, aggregates), and self-unloading capability for construction-sector customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/seaworks
• LinkedInlinkedin.com/company/seaworks

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 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 SEAWORKS