A project that would have seen the construction of the world’s largest ship has slipped through the net.
Norway’s Directorate of Fisheries has rejected local firm Pure Atlantic’s application for 45 salmon farming development licences.
Pure Atlantic had planned to construct the world’s largest ship (pictured), some 521 m long and 90 m wide, to house a giant fish farm off the coast of Norway.
Norwegian authorities nixed the application however saying the project lacked sufficient innovative ideas.
Some of Norway’s best known shipowners, such as the Grieg family and John Fredriksen, are also involved in the local fishing sector. Indeed, 27 months ago, as shipping markets plunged and the price of salmon leapt, Bloomberg data revealed Fredriksen was making more money from his fishing investments than from his shipping and offshore businesses.