Eide Marine Services is a shipping company based in Western Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

, with its headquarters in Høylandsbygd

Halsnøy

Halsnøy is an island in Sunnhordland in the county of Hordaland, Norway. It has c. 2,500 inhabitants, and is 38 square kilometres in area. It is the most populated island in Kvinnherad and was until 2008 the most populated island in Norway without a direct connection to land.- History :It was...

. The company was founded in 1992, after the restructuring and merging of Eide Contracting and Eide Marine Tech. It is currently run by Georg Eide Jr.

History

The company was originally founded in 1955 as Georg Eide's Sønner by brothers Johannes and Gerhard Eide. Named in honour of their late father, who also ran a shipping plant, the company focused on building wooden ships for the fishing industry. During the first decade the company grew fast to become one of the biggest shipping firms in the area, and by the 1970s, the company was one of the leading workplaces for the local community. In 1982, two subsidiaries, Eide Marine Tech and Eide Contracting, were formed. However, since the late 70s the company had struggled with financial difficulties, eventually forcing the company to be declared bankrupt in 1983. The two subsidiaries however, continued operations.

In 1992, the companies were restructed and merged into a new company, Eide Marine Services.

On June 8, 2010, the company announced the signing of a 10-year-contract to produce mainentance ships for Brazilian firm Lupatech. The contract is estimated to give the company an approximate of 6,3 billion NOK

NOK

NOK or Nok may refer to:*Kiel Canal *Norwegian krone, NOK is the ISO 4217 code and is used as an abbreviation for the currency.*NYSE stock ticker for Nokia Corporation, based in Finland...

 (c. 1 billion USD) of revenue until 2020.