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New krill catcher planned to meet rising demand

Norwegian krill manufacturer Rimfrost is responding to the rising global demand for krill oil for human consumption by setting out plans for a new krill catching vessel.

‘After several challenging years, the global krill market is now showing real signs of recovery,’ said Rimfrost owner Stig Remøy.

‘Rimfrost has increased its global sales and marketing of their patented, high quality krill oil for human consumption and is experiencing significant enthusiasm in the international market. There is no doubt that the withdrawal of Aker Biomarine's complaint to The International Trade Commission (ITC) had positive effects. The patent conflict has had major negative impact on the global krill market for a long time. With this case resolved, new opportunities are now emerging,’ he said..

Rimfrost saw an increase in sale of krill oil of 40% in Europe last year and the growth continues this year, showing that the company’s novel krill oil, with high levels of omega-3 phospholipids and astaxanthin, is appreciated by European omega-3 consumers.

‘In addition, krill has major potential as fodder for the aquaculture market. Our technology potentially increases growth and improves health for farmed salmon,’ Stig Remøy said.

Rimfrost has now started planning the construction of a new krill vessel.
‘Improvements in the market and new ways to utilize krill makes Rimfrost optimistic,’ he said, commenting that Rimfrost placed bids during the auction of the Juvel, but failed to secure the vessel.

‘This was not crucial for Rimfrost, but the plans for a new and more effective vessel will be accelerated due to this. We have clear ambitions to strengthen our position in this market,’ Stig Remøy said.

WorldFishingToday - 27-04-2017

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