New opportunities: Rimfrost plans new vessel as krill demand increases

By Nathan Gray

- Last updated on GMT

New opportunities: Rimfrost plans new vessel as krill demand increases

Related tags Supply and demand Krill

Norwegian krill player Rimfrost says new opportunities and an increased demand are driving plans for a new higher capacity harvest vessel.

The firm told NutraIngredients that it is seeing ‘significant enthusiasm’ from the international market after a recent International Trade Commission (ITC) case was withdrawn​.

“After several challenging years, the global krill market is now showing real signs of recovery,”​ said Stig Remøy, owner of Rimfrost.

“There is no doubt that the withdrawal of Aker Biomarine's complaint to The International Trade Commission (ITC) had positive effects. The patent conflict has had major negative impact on the global krill market for a long time. With this case resolved, new opportunities are now emerging,”​ he added.

Remøy added that market improvements, alongside new technologies and new ways to utilise krill have made him optimistic for the future.

© iStock

Rimfrost plans a new krill harvest vessel, after the vessel it previously used – Juvel – was sold at auction due to the bankruptcy of Emerald Fisheries which owned the vessel.

“Rimfrost placed bids during the auction of the vessel Juvel, but failed,”​ said Remøy. “This was not crucial for Rimfrost, but the plans for a new and more effective vessel will be accelerated due to this.”

The Juvel was bought by rival Krill firm Aker BioMarine. Rimfrost says it has now started planning the construction of a new harvest vessel, and that krill supply will not be an issue during the intervening period.

“We would now invest in a new vessel with higher capacity as we have a second licence which we will now activate. We will not have any supply issues in the transaction period,”​ Rimfrost added.

Related news

Show more

Related products

show more

Krill oil supports six key areas of healthy aging

Krill oil supports six key areas of healthy aging

Content provided by Aker BioMarine | 23-Feb-2024 | White Paper

The global population is getting older—according to WHO by 2050 the world’s population over 60 years will double and the population above 80 years will...

Nutritional Solutions for Women's Health

Nutritional Solutions for Women's Health

Content provided by INNOBIO Corporation Limited | 04-Oct-2023 | White Paper

INNOBIO provides innovative solutions for women to overcome a variety of health challenges throughout the life cycle, from emotional health, PMS management,...

Golden Omega® Sustainability Strategy

Golden Omega® Sustainability Strategy

Content provided by LEHVOSS Nutrition | 11-Sep-2023 | Data Sheet

Commitment to sustainability at Golden Omega® is ever growing as they continue to put objectives in place to secure a better environment for the future....

Related suppliers

Follow us


View more