The Arctic Economic Council is pleased to welcome three new members to the pan-Arctic business community. Bioway AS, MENADO and Cosco Shipping Lines Finland Oy represent different parts of the Arctic business community, thus further strengthening the AEC’s position as the representative of the width of Arctic business.

Bioway AS is an indigenously owned company within the aquaculture technology business with its headquarter in Norway. Bioway AS is welcomed as the first Permafrost Partner of the Arctic Economic Council.

Maine North Atlantic Development Office (MENADO) facilitates the development of North Atlantic/Arctic networks connecting Maine businesses, educators and innovation leaders with regional opportunities for trade in goods, services and innovation exchanges. MENADO is the first AEC member coming from the lower 48 states in the U.S.

Cosco Shipping Lines Finland Oy works with shipping, railway and logistics service, offshore new build and ship building as well as port terminal operations and investment. The company joins the AEC as a Northern Partner.

“The three new members are a valuable addition to the AEC and to the work in facilitating responsible business and economic development of the Arctic and its communities. I would like to use the opportunity to wish them welcome to the AEC“,  states Mr. Tero Vauraste, the Chair of the AEC.

For more on information on becoming an AEC member, see here.