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Aqua Bio Technology’s Subsidiary Secures Major Logistics Agreement

Story Highlights
  • Jetcarrier AS signs LOI with Hofseth International for NOK 40-50 million annually.
  • Agreement to ship 1,000 containers of frozen fish to North America boosts logistics operations.
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Aqua Bio Technology’s Subsidiary Secures Major Logistics Agreement

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Aqua Bio Technology ASA ( (DE:3FZ) ) has provided an update.

Aqua Bio Technology ASA’s subsidiary, Jetcarrier AS, has signed a Letter of Intent with Hofseth International AS for transportation services valued at NOK 40-50 million annually. This agreement aims to facilitate the shipment of approximately 1,000 containers of frozen fish to North America, potentially enhancing Jetcarrier’s market presence and operational scale in the logistics sector.

More about Aqua Bio Technology ASA

Aqua Bio Technology ASA (ABTEC) is a distribution group specializing in skincare and nonfood products, offering services in B2C, B2B, B2B2, freight, customs, and logistics. The company also develops sustainable biotechnology for skincare and is listed on the Euronext Expand market of the Oslo Stock Exchange.

Average Trading Volume: 445,991

Current Market Cap: NOK86.7M

For a thorough assessment of 3FZ stock, go to TipRanks’ Stock Analysis page.

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