Two companies are teaming up to take the former Marystown Shipyard in a new direction.
By The Telegram
Pluto Investments Inc., a Newfoundland-based private equity company owned by Paul Antle, and Amar Group AS, a Norwegian company founded by Bjorn Apeland, have partnered to create Marbase Marystown Inc.
According to a news release, the new company is proposing to turn the facility into a “fully-integrated aquaculture service hub.”
Apeland founded and was formerly owned Steinsvik, one of the largest service providers to the aquaculture industry in the world.
The operation will be the first of its kind in Canada, the release states, and will provide comprehensive services offerings to the aquaculture industry in the Atlantic region.
The project is supported by all levels of government, according to the release.
“Marbase will bring together key suppliers to enhance the industry’s supply chain efficiency, enable access to key resources, improve advanced technology transfer, and move Canada’s aquaculture production towards a more modern, sustainable and efficient future,” the release states.
“The fully-integrated hub will also improve access to core competencies in technical disciplines demanded by the industry.”
A small site already owned by Marbase in Grand Bank will serve as support to the Marystown site.
The Marystown Shipyard was part of Kiewit Offshore Services’ operations in the region. The facility hasn’t been used in several years, however.
The site includes an office building, a large fabrication space, storage and laydown area, machine shops, a marine slipway with lifting capacity, and berthing.
“Modifications to the Marbase footprint will be explored and incorporated in cooperation with industry suppliers, farmers and all levels of government,” the release states.