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Surplus ships could be floating fish farms

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Surplus ships could be floating fish farms
Golden Opportunity, one of the ships owned by John Fredriksen's Golden Ocean company. Source: Golden Ocean
10:26 CET+01:00
The billionaire founder of Marine Harvest, the Norwegian salmon farming giant, has revealed plans to convert his surplus cargo vessels into floating fish farms.
"We look at other opportunities and have several times considered starting production on board ships," John Fredriksen,  the shipping tycoon, told  DN newspaper as he listed the fish-farming company on the New York Stock Exhange on Tuesday.  "Ships are something that we have plenty of, let's put it that way." 
 
The company's shares rose ten percent on their first day of trading on the New York Stock Exchange on Tuesday. 
 
"This is a big day for Marine Harvest and for the salmon farming industry," Alf-Helge Aarskog, the company's chief executive, said as he rung the opening bell. 
 
He said that the US listing would help the company secure the funds it needs to start consolidating the salmon farming industry.
 
"It will be beneficial to have a currency that can be used in the future consolidation of the industry," he said. "We have a good starting point with a market capitalisation of about $5bn and ownership of about two percent of the global production of farmed Atlantic salmon." 
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