Wellboat yard Larsnes Mek made a record profit last year
A Norwegian shipyard owned by the family behind wellboat operator Rostein delivered record profits in 2022 for the second year in a row.
In 2021, Larsnes Mek. Verksted (Larsnes Mechanical Workshop) recorded an annual operating profit of NOK 38.8 million and an annual profit of NOK 30.6m. Last year, the company ended with an operating profit of NOK 49.7m and an annual profit of NOK 45.1m.
“2022 was a good year when it comes to employment. Despite some challenges with storage space, logistics and infrastructure in the shipyard’s area due to our development of a dry dock, the company delivered its best result ever,” directors wrote in the company’s annual report.
The first quarter of 2022 was used to complete build number 68, the Orca Yka wellboat for Naviera Orca Ltd in Chile. The Orca Yka, which has a well capacity of 2,800m3, was delivered in mid-March 2022 and went on long-term contract with Salmones Camanchaca.
Hybrid ship
Building number 70, Rostein’s Ro Senja, arrived at the yard for outfitting on 6 June and was delivered just before the turn of the year 2022/2023. The hybrid-power vessel, which has a well capacity of 3,900m3, was the 10th wellboat delivered to Rostein by the yard.
“There was otherwise a normal flow of customers within repair and maintenance, in addition, slightly larger conversions can be mentioned for Ro North, Ro West and Harto,” said the board, which added that the yard is guaranteed full employment until 2024.
In addition to the company’s 71 staff, there have been an average of 120 employed in production.
Larsnes Mek is owned by the Sandøy family who also own Rostein.
