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'MS Njord Kya' is under construction and is expected to be operational by the end of 2024.

He will replace Gudmundur Gislason, who announced he was leaving the company in September.

This was achieved despite high ocean temperatures and considerable sea lice challenges.

After the transaction Frøy Kapital AS and its parent company, Gåsø Næringsutvikling AS, own 6,117,036 shares in Måsøval AS.

Måsøval’s will continue with the harvesting operations, and the planned startup is at the end of 3rd quarter.

In its latest quarterly trading update, the Norwegian salmon farmer has reported a decrease in its harvest volume of more than 15% year-on-year.