What Stadyard AS does

Stadyard AS is a privately held Norwegian shipbuilding company headquartered in Raudeberg, Norway, operating from a compact shipyard originally founded in 1923 as Blaalid. The company designs and builds new vessels — predominantly fishing vessels, ferries, cargo ships, and live fish carriers — and provides conversions, maintenance, and 24/7 repair services. Vessels range in size up to approximately 72 meters, and since 1947 Stadyard has delivered 50 total vessels, with Build #50 (a fishing vessel for P/F Regn) contracted for delivery in July 2028.

The business operates on a project-based revenue model combining one-time new-build contracts and recurring repair/maintenance services. Core technology is traditional: steel fabrication, woodworking, and precision engineering, executed by a small team of 8 specialists covering industrial mechanics, welding, plumbing, plate work, and crane operation. Naval architecture and engineering design are outsourced to a network of design partners including Seacon AS, Naval Consult AS, Marin Teknikk AS, and Sirius Design & Integration AS. Production relies on a tightly integrated local subcontractor network in northwest Norway.

Stadyard is a core member of the Måløy Maritime Group, a 14-company maritime cluster offering 24/7 fleet services across the region. Customers are enterprise-level vessel owners and operators, with a heavy concentration in Norwegian commercial fishing and adjacent segments such as ferry, chemical tanker, and live fish transport. Go-to-market is enterprise field sales driven by direct relationships, the shipyard's heritage, and cluster referrals rather than digital marketing or external distribution channels.

Name

Stadyard AS

Legal name

Stadyard AS

Website

https://stadyard.no

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Hull & Structural Conversion (Lengthening, Rebuilds, Life-Extension) (IMAJAFAB)

akta.pro secondary industry

Marine Retrofit, Conversion & Life-Extension (Class/Regulatory Upgrades) (TLAKAKAK)

Keywords

• Shipbuilding services
• Vessel construction
• Ship repair
• Vessel conversion
• Maritime manufacturing

Headquarters

HQ city

Raudeberg

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Vessel Construction: Project-based revenue from designing and building new vessels including fishing vessels, ferries, cargo ships, and live fish carriers. Projects are custom and span multiple years from contract to delivery.
2. Repair and Maintenance Services: Ongoing repair, maintenance, and conversion services for existing vessels. Revenue generated through service contracts and ad-hoc repair work.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Stadyard AS designs and builds new vessels — including fishing vessels, ferries, cargo ships, and live fish carriers — from its shipyard in Raudeberg, Norway, having delivered 37 new builds since 1947. The company also performs vessel conversions (structural modifications, equipment upgrades, functional adaptations) and provides ongoing repair and maintenance services, including urgent round-the-clock repair work, for existing maritime vessels.

Product overview

Stadyard AS is a shipbuilding company offering a unified portfolio of maritime services centered on vessel construction, conversion, and maintenance. The three core offerings—New Builds, Conversions, and Maintenance—represent the complete lifecycle of maritime vessel services from initial construction through ongoing operational support. Since 1947, Stadyard has delivered 37 new builds (predominantly fishing vessels, ferries, cargo ships, and Live Fish Carriers) from its shipyard in Raudeberg, Norway. The company operates as a single-service business rather than a platform-plus-modules architecture, with all services delivered through its own team and a network of local subcontractors.

Differentiator

Problem solved

Functional benefit

Products and services

• New Builds Design and construction of new vessels — primarily fishing vessels, ferries, cargo ships, and Live Fish Carriers — for commercial vessel owners and operators. Projects are custom and span multiple years from contract to delivery.
• Conversions Vessel modification and adaptation services, including structural changes, equipment upgrades, and functional conversions, to meet changing operational requirements for existing vessels.
• Maintenance (Repair and Maintenance Services) Ongoing repair and maintenance services for existing vessels, including regular maintenance schedules and urgent repair work performed day and night. Revenue is generated through service contracts and ad-hoc repair work.

Quantifiable outcome

• 37 new builds delivered since 1947
• +1 more outcomes

Named customers22 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• Måløy Maritime GroupcoreStrategic or Co-development PartnerStadyard is a proud member of Måløy Maritime Group, a cluster of 14 maritime companies operating in Måløy, Norway. The cluster offers a complete range of services to the fleet, undertaking all relevant operations available 24/7. This membership provides Stadyard with access to the industry's foremost experts and enables confident tackling of large and complex projects.
• Seacon AScoreTechnology or IntegrationDesign partner for multiple vessel projects. Seacon AS has designed numerous fishing vessels and other vessels built by Stadyard, including vessels like Kalsøybas, Katrine S, Meløyfjord, Jens Kristian, Stormhav, Fay, T.A Senior, Torbas, Voldnes, Staaløy, and Ringbas.
• Naval Consult AScoreTechnology or IntegrationDesign partner for vessels including Arnøytind and Fanøyvåg. Naval Consult AS provides naval architecture and engineering design services for Stadyard's vessel projects.
• Marin Teknikk AScoreTechnology or IntegrationDesign partner for vessels including Skår Senior and Seljevær. Marin Teknikk AS specializes in fishing vessel design.
• Sirius Design & Integration AScoreTechnology or IntegrationDesign partner for the TBN fishing vessel (Build #50, delivery July 2028), currently in production.
• Local Subcontractors NetworkcoreStrategic or Co-development PartnerStadyard works closely with a group of local subcontractors, ensuring a smooth production process and a high-quality final product. This local network is essential to the company's operational model.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Havyard Ship Technology: Norwegian shipbuilder based in Herøy focused on fishing vessels, offshore service vessels, and aquaculture-related ships. Comparable in product category and Norwegian fisheries customer base, though larger in scale.
• Aas Mek. Verksted: Small-to-mid Norwegian shipyard in Vestnes building fishing vessels and offshore service vessels. Closely comparable to Stadyard in size, regional focus, fishing-sector customer base, and custom newbuild/MRO model.
• Solund Verft: Small Norwegian shipyard located in Solund that builds and maintains fishing vessels and offshore service boats. Directly comparable in scale, Norwegian regional focus, and fishing-vessel product mix.
• Westcon Yards: Group of Norwegian shipyards (Florø, Langsten, Brevik) building offshore service vessels, fishing vessels, and specialized ships. Comparable in vessel categories served and Norwegian shipbuilding heritage, but with a much broader multi-yard footprint.
• Båtservice: Norwegian maritime group providing shipbuilding, vessel conversions, and MRO services for offshore and fishing vessels from bases in Norway. Comparable in conversion and maintenance services targeting Norwegian coastal and fishing operators.
• Kleven Maritime (now part of Vard): Established Norwegian shipbuilder in Ulsteinvik with deep roots in offshore and fishing vessel construction. Comparable as a Norwegian newbuild peer in the same maritime cluster ecosystem; now operates under Vard ownership at larger scale.
• Fiskerstrand Verft: Norwegian shipyard at Fiskerstrand building ferries, fishing vessels, and service vessels. Comparable in vessel-type mix (ferries + fishing) and Norwegian coastal customer base, though typically operating larger passenger ferries.

Broad incumbents

• Vard: One of the largest global shipbuilders of offshore and specialized vessels, with major Norwegian operations and the former Kleven and STX Europe yards under its umbrella. Comparable in fishing/offshore vessel categories but vastly larger and globally diversified.
• Ulstein Verft: Major Norwegian shipbuilder known for offshore service vessels and design-led newbuilds. Comparable as a Norwegian shipbuilding peer serving overlapping vessel categories, but operating at substantially greater scale and global reach.

Others

• Maritime Engineering AS: Norwegian naval architecture and vessel design firm that is one of Stadyard's named design partners (e.g., Haugfjord). Included as an ecosystem participant illustrating the local design/build network Stadyard depends on.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/stadyard-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Stadyard AS