Abyss AS
Supporting the offshore salmon farming industry in Norway and Iceland
A leading specialist service vessel and crew provider supporting the offshore salmon farming industry in Norway and Iceland.
Transport
AEIF3
Vehicle
2025
Investment year
Invested
Status
Norway & Iceland
Country
More about Abyss AS
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Majority
Ownership
0
Operational vessels
0
Years of excellence
c.
0
Employees
Market
- Abyss operates in a market with high barriers to entry with no new entrants in the last decade, and the sector is rapidly consolidating.
- The underlying salmon farming industry has attractive ESG characteristics: highest feed conversion ratio of any commercial protein source, 90% lower CO2 emissions per kg of edible protein than beef farming, and an excellent nutrition profile
Asset
- Abyss has grown to become one of the largest providers of service vessels in the salmon farming sector, with a fleet of 27 operational vessels, of which 23 are dedicated service vessels and four are inspection and diving vessels.
- The fleet is largely contracted under CPI-linked framework agreements, with highly predictable demand by blue chip customers.
- As the fleet expands, there is a significant value-creation opportunity through transitioning the fleet to hybrid and more sophisticated service vessels, increasing the proportion of time charters, and driving margin expansion in the business.
