Foreship

Helsinki, Finland Founded: 2002 • Age: 24 yrs Acquired By RINA
Ship design and engineering services are provided globally.
Annual revenue $895,116 Latest available
Total funding - 1 rounds
Employees 5 Tracked headcount
Investors 3 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

About Foreship

Foreship is a company based in Helsinki (Finland) founded in 2002 was acquired by RINA in June 2025. The company has 5 employees as of September 30, 2024. Foreship offers products and services including Newbuilding Services and Conversions Services.

  • Headquarter Helsinki, Finland
  • Employees 5 as on 30 Sep, 2024
  • Sectors
    Aerospace, Defense & Maritime
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Foreship Ltd
Operational Areas
Aerospace, Defense & Maritime → Maritime Manufacturing & Operations Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $895.12 K (USD)
    22
    as on Oct 31, 2023
  • Net Profit
    $210.87 K (USD)
    50
    as on Oct 31, 2023
  • EBITDA
    Not available
  • Latest Funding Round
    $359.64 K (USD), Grant

    Jan 01, 2021

  • Investors
    RINA

    & 2 more

  • Employee Count
    5

    as on Sep 30, 2024

  • Acquired by
    RINA

    & 1 more

    (Jun 18, 2025)

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Products & Services of Foreship

Foreship offers a comprehensive portfolio of products and services, including Newbuilding Services and Conversions Services.

Product name locked
Category locked
Primary

Services are provided for concept development and design of new ships, focusing on the cruise industry

Product name locked
Category locked
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Retrofits and upgrades are handled for vessels such as cruise ships and cargo ships

People of Foreship

Headcount 50-200
Employee Profiles 21
Employee Profiles
People
Olli Somerkallio
Chief Operating Officer
People
Shaun White
Managing Director, Foreship UK Ltd.
People
Daniel Grönroos
Project Manager
People
Viktor Gingsjö
Senior Specialist, Technology & Decarbonization

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Funding Insights of Foreship

Investors in Foreship

Foreship has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include RINA, European Union and Vaaka Partners.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Vaaka Partners is engaged in private equity investment management.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Provider of business services for energy, transport & infrastructure sectors
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Investor details for Foreship

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  • Participation history

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Investments & Acquisitions by Foreship

Investments
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Investment portfolio details for Foreship

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Financial Statements - Foreship

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Detailed financials for Foreship

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Foreship Comparisons

Foreship Primary company
Description
Ship design and engineering services are provided globally.
Location
Helsinki, Finland
Founded Year
2002
Annual Revenue
$895.12 K (USD)
Net Profit
$210.87 K (USD)
EBITDA
Not available
Employees
5
As of 2024
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Peer comparison for Foreship

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Competitors of Foreship

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Detailed competitors of Foreship

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Latest news on Foreship

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Complete news archive for Foreship

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Frequently Asked Questions about Foreship

Foreship was founded in 2002 and raised its 1st funding round 19 years after it was founded.

Foreship is headquartered in Helsinki, Finland.

Lauri Haavisto is the current CEO of Foreship.

As of Sep 30, 2024, the latest employee count at Foreship is 5.

Annual revenue of Foreship is $895.12K as on Oct 31, 2023.

Foreship was established in 2002 in Helsinki, Finland, as a provider of ship design and engineering services within the maritime sector. Operations are centered in Helsinki, where technical expertise is applied to vessel conceptualization, structural analysis, and compliance with international standards. Services encompass full lifecycle support for commercial and specialized ships, serving clients across Europe and beyond. Leadership is held by CEO Lauri Haavisto.

Foreship offers Newbuilding Services and Conversions Services.

Foreship has 3 investors. Key investors include RINA, European Union, and Vaaka Partners.

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