The company’s history dates back to 1918, the year the business of Frengen Slip and Motorverksted in Fevåg was established. In 1962, Jens Petter Bye, himself a trained skipper, bought the business. Ten years later, Bye moved the business to Kvithyll in Rissa and established Fosen Mekaniske Verksteder AS. The company quickly became a cornerstone company in the former municipality of Rissa, with several hundred employees. Ownership was later taken over by Bye’s daughter Anna-Synøve Bye.

In 2008, the company was sold to Bergen Group, which in 2014 sold the shipyard to Ukrainian Calexco. The company, which after the acquisition was named Noryards Fosen, had to file for bankruptcy in 2015. Shortly afterwards, the new operating company Fosen Yard was established.

In the summer of 2017, it became known that Fosen Yard and Hantong Shipbuilding, a Chinese company with business in shipyard operations, entered into a letter of intent to form a joint venture company, which in December 2017 was formally founded under the name Fosen Hantong Shipbuilding AS. In 2019, the newly established company changed its name to Fosen Seafarm Construction and is now fully owned by Fosen Yards AS.

In 2018, Fosen Yards acquired the majority of the shares in Nordseewerke, a German shipyard, which filed for bankruptcy the following year.

For many years, Fosen Yards main business was building new vessels, primarily smaller cargo ships, before entering the market for larger RoPax and passenger vessels in 1990. In 2007 Fosen Yard joined the offshore boom and for the next years built larger subsea construction and seismic vessels, in addition to two passenger ferries for Fjordline. 

With the collapse of the offshore segment in 2014, this market vanished overnight, and Fosen Yard shifted focus to larger refurbishment- and rebuilding jobs on passenger vessels. Fosen Yard was awarded the task of replacing the complete interior on nine of Hurtigrutens vessels and have in the recent years also rebuilt several vessels for the aquaculture sector. 

Fosen Yards most well-known project is MS The World, which was completed in March 2002. The World is the largest private residential ship on the planet.

Kilde: Antonsen, Robin; Rosvold, Knut A.: Fosen Yard AS i Store norske leksikon på Hentet 12. mai 2022 fra