ED
Einar Dahl
Chairman
Former county transport director
Public web edition · FY2026
Caring for the coast, ferrying the nation.
For 1180 people and 34 routes, the sea is both road and employer. This is the first half-year report of a fleet in transition — from diesel toward the grid.
01 · Scale
Key figures at a glance
The numbers behind a half year on the coast. Every figure below is derived from the route and fleet data in this edition.
6,100,000pax
Carried across 34 routes in the reporting half year — up roughly 6% on the same period last year, on comparable geography.
Network share when a route is selected
179412
Passengers per route (avg)
91.4%
On time, 2026
5/ 21
Electric & hydrogen vessels
1,180
Employees
214
Daily departures
17%
EBITDA margin, 2026
0.030917 kg
CO₂ per passenger-km
02 · Network
The coastal network
Tap a route on the map or in the table to see it reflected across the report. The nine labelled ports are the main hubs; the arcs are the crossings.
- All routes
- Oslofjord 1
- Vestland 3
- Møre 6
- Troms 4
- Rogaland 4
- Trøndelag 2
- Vestfold 7
- Agder 6
- Nordland 1
- Selected route
- Main hub
Regions
Select a route to see its half-year figures.
| Route | Region | H1 passengers | Share | Passenger-km |
|---|---|---|---|---|
| Oslo–Fjorden | Oslofjord | 858,055 | 14.1% | 3,603,831 |
| Bergen–Haukeland | Vestland | 460,230 | 7.5% | 10,125,060 |
| Ålesund–Værøy | Møre | 237,916 | 3.9% | 11,419,968 |
| Tromøya–Straumen | Troms | 171,612 | 2.8% | 1,115,478 |
| Stavanger–Karmøy | Rogaland | 374,425 | 6.1% | 4,493,100 |
| Trondheimsfjorden | Trøndelag | 343,223 | 5.6% | 6,349,626 |
| Fredrikstad–Hurøy | Vestfold | 152,109 | 2.5% | 3,954,834 |
| Larvik–Kristiansand | Agder | 276,918 | 4.5% | 26,307,210 |
| Sandefjord–Horten | Vestfold | 257,418 | 4.2% | 2,059,344 |
| Risør–Drangedal | Agder | 109,207 | 1.8% | 1,528,898 |
| Mandal–Bokn | Agder | 85,805 | 1.4% | 2,402,540 |
| Haugesund–Karmøy | Rogaland | 226,215 | 3.7% | 2,035,935 |
| Molde–Værøy | Møre | 120,908 | 2.0% | 7,496,296 |
| Kristiansund–Hitra | Møre | 191,113 | 3.1% | 2,102,243 |
| Ålesund–Søvåg | Møre | 101,407 | 1.7% | 2,028,140 |
| Nordvik–Skjervøy | Troms | 70,204 | 1.2% | 631,836 |
| Bodø–Vesterålen | Nordland | 210,614 | 3.5% | 7,160,876 |
| Harstad–Rombak | Troms | 93,606 | 1.5% | 702,045 |
| Levanger–Sørtrømmen | Trøndelag | 81,905 | 1.3% | 819,050 |
| Tønsberg–Urhagen | Vestfold | 128,708 | 2.1% | 643,540 |
| Arendal–Grimstad | Agder | 183,312 | 3.0% | 3,666,240 |
| Egersund–Hå | Rogaland | 78,006 | 1.3% | 1,170,090 |
| Florø–Fjørå | Vestland | 74,105 | 1.2% | 1,333,890 |
| Solund–Sørland | Møre | 54,603 | 0.9% | 1,310,472 |
| Sogndal–Fjærland | Vestland | 117,007 | 1.9% | 3,510,210 |
| Ålesund–Tingvoll | Møre | 105,307 | 1.7% | 1,684,912 |
| Kristiansand–Farsund | Agder | 97,506 | 1.6% | 1,170,072 |
| Sandnes–Strand | Rogaland | 66,305 | 1.1% | 629,898 |
| Larvik–Norra | Vestfold | 140,408 | 2.3% | 982,856 |
| Drøbak–Færder | Vestfold | 159,911 | 2.6% | 959,466 |
| Horten–Langesund | Vestfold | 117,007 | 1.9% | 1,287,077 |
| Skien–Porsgrunn | Vestfold | 202,814 | 3.3% | 1,216,884 |
| Grimstad–Mørkesundet | Agder | 62,405 | 1.0% | 499,240 |
| Kvæfjord–Tromsø | Troms | 89,706 | 1.5% | 3,588,240 |
03 · Fleet
Twenty-one vessels
Ferry, fast-boat and ice-reinforced coastal units. Filter by fuel type and sort on any numeric column.
Fuel type
Sort
| Name | Built | Length | Capacity | Fuel | Route assigned | Berths |
|---|---|---|---|---|---|---|
| Nordlys | 2023 | 98.4 | 1,200 | electric | Oslo–Fjorden | 300 |
| Kystsol | 2022 | 104.2 | 1,450 | electric | Bergen–Haukeland | 420 |
| Fjordvak | 2019 | 89.6 | 860 | hybrid | Ålesund–Værøy | 210 |
| Nordstjerne | 2021 | 76.0 | 640 | hybrid | Tromøya–Straumen | 150 |
| Havbraam | 2016 | 92.1 | 940 | diesel | Stavanger–Karmøy | 260 |
| Trondelag | 2012 | 110.5 | 1,600 | diesel | Trondheimsfjorden | 480 |
| Skagerrak | 2018 | 96.8 | 1,080 | lng | Fredrikstad–Hurøy | 300 |
| Vestfold | 2015 | 84.3 | 720 | diesel | Larvik–Kristiansand | 190 |
| Torsk | 2024 | 70.5 | 480 | electric | Sandefjord–Horten | 120 |
| Isfjord | 2020 | 88.0 | 800 | hybrid | Risør–Drangedal | 200 |
| Karmsund | 2017 | 94.4 | 980 | diesel | Haugesund–Karmøy | 270 |
| Kystkonge | 2010 | 116.0 | 1,750 | diesel | Molde–Værøy | 520 |
| Hitrafarn | 2025 | 66.2 | 380 | fuel-cell | Kristiansund–Hitra | 90 |
| Sunnfjord | 2014 | 90.0 | 900 | diesel | Ålesund–Søvåg | 250 |
| Arctic Dawn | 2023 | 102.6 | 1,150 | lng | Nordvik–Skjervøy | 340 |
| Vesteraring | 2019 | 91.3 | 960 | diesel | Bodø–Vesterålen | 280 |
| Rombaksfjord | 2011 | 82.7 | 700 | diesel | Harstad–Rombak | 180 |
| Fosen | 2016 | 95.9 | 1,010 | diesel | Levanger–Sørtrømmen | 300 |
| Gullsjom | 2022 | 74.8 | 560 | electric | Tønsberg–Urhagen | 140 |
| Arendalsfart | 2009 | 88.5 | 880 | diesel | Arendal–Grimstad | 240 |
| Kystvokter | 2018 | 99.0 | 1,040 | diesel | Skien–Porsgrunn | 300 |
Nordlys
Electric · 2023
Kystkonge
Diesel · 2010
Hitrafarn
Hydrogen · 2025
04 · Financials
Financial performance
Figures in NOK million, with two comparison years. All charts are drawn to hand-computed scales; the real figures sit in the tables beneath each chart.
RevenueEBITDA
| Year | Revenue | EBITDA | EBITDA margin |
|---|---|---|---|
| 2024 | 4,980 | 720 | 14% |
| 2025 | 5,240 | 812 | 15% |
| 2026 | 5,510 | 943 | 17% |
GainsDragsBase & final
| Step | Effect |
|---|---|
| Volume & fares | +150 |
| Operating efficiency | +80 |
| Fuel & energy | -7 |
| 2026 | +0 |
| Total change | +223 |
Actual CO₂ intensityUncertainty bandTarget 0.024
| Year | CO₂/passenger-km |
|---|---|
| 2024 | 0.041803 |
| 2025 | 0.036115 |
| 2026 | 0.030917 |
05 · Responsibility
Sustainability
Operational CO₂ falls with the share of electric and hydrogen service. The small-multiples grid shows first-half traffic by region.
| Fuel | Tonnes CO₂ | Ships |
|---|---|---|
| Diesel | 4,620 | 11 |
| Lng | 1,120 | 2 |
| Hybrid | 1,080 | 3 |
| Electric | 320 | 4 |
| Hydrogen | 280 | 1 |
Oslofjord · 1 route
0.86m
Vestland · 3 routes
0.65m
Møre · 6 routes
0.81m
Troms · 4 routes
0.43m
Rogaland · 4 routes
0.74m
Trøndelag · 2 routes
0.43m
Vestfold · 7 routes
1.16m
Agder · 6 routes
0.82m
Nordland · 1 route
0.21m
0.030917 kg
CO₂/passenger-km, 2026
−15%
vs. 2024 intensity
7,420 t
Fleet emissions, 2026
Methodology & scope. Operational emissions measured from fuel and electricity invoices at point of consumption. Passenger-kilometres use scheduled crossing distance times recorded ticket sales, adjusted to a standard 62% load factor. Verified externally by Fjord Grønnsjø AS, ISO 14064-1.
- Carbon intensity is measured in kilograms of CO₂ per loaded passenger-kilometre, using scheduled crossing distance and recorded ticket sales adjusted to a standard 62% load factor. back
- Operational emissions are measured from fuel and electricity invoices at point of consumption and externally verified under ISO 14064-1. back
What these numbers exclude.
- Embodied carbon from ship construction and hull steel
- Crew commuting and corporate office energy
- Port shore-power electricity distribution losses
- Non-CO2 high-altitude radiative effects from long-haul connections
06 · Governance
Board & governance
Seven members: three independent directors, two deputy chairs and two employee representatives. Directory stays legible at 320 px.
AB
Astrid Bjørnstad
Deputy Chair
Shipping financier
KV
Knut Viken
Independent director
Logistics, rail
MS
Margrethe Solheim
Independent director
Climate policy
BK
Bjarne Kvisli
Independent director
Cyber & risk
OH
Ole Håland
Employee representative
Chief pilot
SR
Solveig Randø
Employee representative
Deck officer
The Board confirms that the financial statements give a true and balanced view of the operator's position at the end of the half year. We reviewed the safety record, the routing of capital toward electric and hydrogen vessels, and the adequacy of the resilience plan against worsening sea states. We support management's stated trajectory on carbon intensity and note the independent verification referenced in the sustainability section. The Board also confirmed the continuity of service obligations to the smallest coastal communities, which are not a line item but the reason the network exists.
07 · Letter
From the CEO
Ingrid Sølvberg · Chief Executive Officer
Dear friends of the coast,
This year the sea, which has always been our road, asked us to be more careful with it. In the first six months we carried 6.1 million passengers across 34 routes, and behind that number is a great many departures that were on time, boarding that was calm, and fjords that were still worth crossing.
The shift is real, not written on a poster. Two of our newest vessels entered service on the busiest crossings, running on electricity drawn from a grid already mostly water. The result is a cut in carbon intensity of roughly eight percent per passenger kilometre since 2024. We are still a diesel-adjacent fleet in parts, and we will not pretend the hard cases are solved: the long northern routes will need a different kind of engine for a while longer.
We grew revenue while holding fares close to the regional averages set by the authorities, which means we earned the extra crown, we did not simply pay more for it. EBITDA rose, and we kept spending on the ships that keep the interior connected to the harbour.
Thank the crews. A schedule is only as reliable as the people who keep it in wind. In the months that follow we will publish, with the same care, how well we keep our promises when the winter returns. Safe travels,
Ingrid Sølvberg, CEO
With care for the coast,Ingrid Sølvberg
- Carbon intensity is measured in kilograms of CO₂ per loaded passenger-kilometre, using scheduled crossing distance and recorded ticket sales adjusted to a standard 62% load factor. back
- Battery-electric service is viable where crossings are short and frequent. The longest northern crossings still exceed the energy density of available battery and hydrogen systems. back