Eidsvaag AS

Name

Eidsvaag AS

Legal name

Eidsvaag AS

Website

https://eidsvaag.no

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

NAICS

Marine Cargo Handling (488320), Marine Cargo Handling (48832), Aquaculture (11251)

SIC

Water Transportation (4400)

akta.pro primary industry

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

akta.pro secondary industry

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

Keywords

• Maritime feed transport
• Aquaculture logistics
• Fish feed shipping
• Coastal cargo services
• Fjord-friendly delivery

Headquarters

HQ city

Dyrvik

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Fish Feed Maritime Transport: Contract-based maritime transport of fish feed from factories (Skretting and Cargill) to aquaculture facilities along the Norwegian coast. Revenue derived from long-term contracts with major feed producers under the Fjordfrende brand.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Eidsvaag AS operates a fleet of cargo vessels that transport fish feed from feed producers (Skretting and Cargill) to aquaculture facilities along the Norwegian coast. The company owns 6 vessels directly and operates a fleet of 15+ vessels, primarily under long-term contracts and the Fjordfrende joint brand with both major Norwegian feed producers. Services include integrated feed logistics management with real-time vessel tracking.

Product overview

Eidsvaag AS is a family-owned shipping company specializing in fish feed transport along the entire Norwegian coast. The company operates a fleet of over 15 vessels, owning 6 directly (MV Eidsvaag Vega, MV Eidsvaag Polaris, MV Eidsvaag Marin, MV Eidsvaag Opal, MV Eidsvaag Pioner, MV Eidsvaag Sirius, MV Eidsvaag Omega) while partnering with additional vessels under the Fjordfrende brand. Fjordfrende is a joint initiative with feed suppliers Skretting and Cargill for fjord-friendly feed delivery. The company transports feed from Skretting and Cargill factories to aquaculture facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Fjordfrende: A joint venture brand under which Eidsvaag operates feed transport for Cargill and Skretting along the Norwegian coast, emphasizing fjord-friendly delivery of fish feed.

Quantifiable outcome

• Fleet capacity of over 15 vessels for seasonal demand variations
• +1 more outcomes

Named customers3 records

Segments1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• FjordfrendecoreStrategic or Co-development Partner · 1 January 2024Joint brand name for the feed transport collaboration between Eidsvaag, Skretting, and Cargill. Fjordfrende means 'fjord-friendly delivery' and focuses on environmentally sustainable feed transport. Currently building two new feed vessels (delivery 2026) with diesel-electric propulsion and battery packages.
• SkrettingcoreStrategic or Co-development Partner · 1 January 2019Major fish feed producer. Eidsvaag has had contract for all sea feed transport in Norway since 2001. In 2019, partnered with Skretting and Cargill under the Fjordfrende brand for integrated feed logistics.
• Cargill (through Ewos)coreStrategic or Co-development Partner · 1 January 2019Major fish feed producer acquired through Ewos. In 2019, partnered with Skretting and Cargill under the Fjordfrende brand for integrated feed logistics. Building two new feed vessels for Fjordfrende.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Østensjø Rederi AS: Major Norwegian family-owned shipping group with offshore and coastal-shipping operations; comparable in Norwegian shipping heritage and multi-vessel fleet management but operates primarily in offshore energy rather than aquaculture.
• Fjord1 AS: Large Norwegian ferry and coastal-shipping operator with deep experience in Norwegian-flag vessel operations, crewing, and regulatory compliance. Overlaps with Eidsvaag in coastal-shipping execution capability but serves passenger and broader freight markets.
• Boreal Transport AS: Norwegian maritime and land-based transport group operating vessels and ferries along the Norwegian coast; comparable in coastal-shipping execution and contract-based B2B service delivery but operates at much broader scale across passenger and freight.

Direct peers

• Solvtrans AS: Norwegian aquaculture vessel operator providing specialized transport and service vessels to the salmon-farming industry; comparable in fleet design, customer segment, and Norwegian coastal operations.
• Sølvtrans ASA: Largest operator of wellboats globally, headquartered in Norway, with significant exposure to live-fish transport for Norwegian salmon farms. Overlaps with Eidsvaag in aquaculture vessel operations and Norwegian coastal logistics.
• Frøy Rederi AS: Norwegian family-owned shipping company operating service vessels for the Norwegian aquaculture industry, including wellboats and feed/equipment transport. Closest direct comparable to Eidsvaag in fleet mission and customer base.
• Nergård Havfiske AS: Norwegian family-owned group combining fishing and aquaculture-support vessel operations along the Norwegian coast. Operates similar vessel classes and serves overlapping aquaculture customer base as Eidsvaag.
• Stranda Prolog AS: Norwegian logistics provider specializing in aquaculture supply-chain services including feed and equipment transport to fish farms; directly comparable in logistics mission and customer profile.
• AquaShip AS: Norwegian owner/operator of service vessels for the aquaculture industry including wellboats and feed barges; fleet design and customer base overlap materially with Eidsvaag.

Regional players

• Hav Line AS: Norwegian operator of specialized vessels for transport of fish and seafood products; serves adjacent aquaculture/fisheries logistics demand with similar vessel architecture but focuses on finished-product rather than feed transport.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eidsvaag-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Eidsvaag AS