Frøy ASA has recently signed multi-year time charter contracts for 2 service vessels with a large Norwegian salmon farmer. In total the contracts are estimated to increase Frøy´s backlog with approx. NOK 200 million, including options.

The agreements include a 4-year fixed extension of an ongoing time charter contract and a 5-year fixed time charter contract for a newbuild under construction. Frøy will equip both vessels with large battery packages to reduce the fuel consumption and the carbon footprint. The two vessels are expected to have up to 50% lower fuel consumption than comparable diesel-powered vessels.