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Sjøfart ranking 2022

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Benchmarks · fiscal year 2022

Quartiles among the 18 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin−0.1%11.1%22.1%
Profit margin−4.3%6.5%20.2%
Return on assets1.7%7.8%16.7%
Equity ratio7.5%26.4%37.3%
Debt-to-equity1.462.234.84
Current ratio0.610.831.38
Revenue growth–––

Ranked per Morning company class: Micro: 5 · Medium: 7 · Small: 6. Morning company classes by revenue: Micro 1–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Methodology

Distribution of the overall index · 2022

024Index 0–10: 1 companies10Index 10–20: 2 companies210Index 20–30: 0 companies20Index 30–40: 4 companies430Index 40–50: 3 companies340Index 50–60: 2 companies250Index 60–70: 4 companies460Index 70–80: 0 companies70Index 80–90: 2 companies280Index 90–100: 0 companies90100Index →

Best in each category · 2022

Operating marginHX Finance IV AS63.9%
Return on assetsRisør Bulk i AS28.2%
Equity ratioHavila Holding AS68.6%
Current ratioSamskip Logistics AS2.21

Among ranked companies with at least NOK 10m in revenue. Margins and equity ratios above 100 %, a current ratio above 20 and growth from a base below NOK 10m count as one-off effects and are left out.

Ranking · 2022

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank Company Class Index Operating margin Equity ratio Current ratio Revenue growth Revenue
1 Kystruta AS 2025 missing Micro 87 23.5% 44.8% 1.43 – 2 MNOK
2 Samskip Logistics AS 2025 missing Medium 83 5.1% 63.2% 2.21 – 234 MNOK
3 Bulk Loaders AS 2025 missing Small 70 −0.2% 54.9% 1.38 – 14 MNOK
4 Vestland Classic AS 2025 missing Small 70 18.2% 37.3% 1.55 – 43 MNOK
5 Risør Bulk i AS 2025 missing Medium 68 21.2% 34.6% 0.83 – 61 MNOK
6 Lola 1 AS 2025 missing Micro 62 0.0% 37.4% 1.63 – 9 MNOK
7 Base Marine AS 2025 missing Micro 59 32.7% 6.8% 1.22 – 4 MNOK
8 Havila Holding AS 2025 missing Small 59 −105.8% 68.6% 0.61 – 19 MNOK
9 Galeasen Loyal AS 2025 missing Micro 48 22.3% 23.1% 0.60 – 2 MNOK
10 HAV Line Vessel AS 2025 missingsubsidiary of HAV Line Gruppen AS Medium 47 21.5% 30.9% – – 97 MNOK
11 HX Finance IV AS 2025 missing Medium 45 63.9% 9.3% 0.23 – 59 MNOK
12 HAV Line Gruppen AS 2025 missing Micro 36 31.6% 19.9% 0.32 – 10 MNOK
13 Hannah Kristina AS 2025 missing Medium 36 17.0% 29.6% 0.05 – 51 MNOK
14 Lomvia Skipsdrift AS 2025 missing Small 35 0.7% 15.0% 0.83 – 23 MNOK
15 HX Crew AS 2025 missing Small 33 −0.1% 1.5% 1.01 – 23 MNOK
16 HENNINGSEN TRANSPORT & Guiding AS 2025 missing Small 15 −5.9% −18.4% 0.80 – 16 MNOK
17 Base Marine Norway AS 2025 missing Medium 13 −79.8% −31.5% 1.08 – 63 MNOK
18 HAV Line AS 2025 missingsubsidiary of HAV Line Gruppen AS Medium 10 −28.2% −26.4% 0.63 – 177 MNOK
– AS BORGHEIM SHIPPING 2025 missingnot ranked: Not enough data (below minimum revenue) Micro – 100.0% −33.0% 0.75 – 0 MNOK
– Barmen Skjærgårdsservice AS 2025 missingnot ranked: Bankrupt or being wound up Micro – 5.5% −257.7% 0.02 – 2 MNOK
– Bts Shipping AS 2025 missingnot ranked: Bankrupt or being wound up – – – −244.1% 0.17 – –
– Båtservice 1 AS 2025 missingnot ranked: Bankrupt or being wound up Micro – −13.7% −39.3% 0.37 −17.0% 1 MNOK
– Chriship-Gruppen AS 2025 missingnot ranked: Revenue not reported – – – −18,797.4% 0.01 – 0 MNOK
– Flex Design AS 2025 missingnot ranked: Bankrupt or being wound up – – – 21.8% 0.04 – –
– Grøntvedt Invest AS 2025 missingnot ranked: Holding company (ranked in the list «Holding and investment companies») Micro – −15.0% 90.8% 1.70 – 3 MNOK
– Henmar Holding 2 AS 2025 missingnot ranked: Holding company (ranked in the list «Holding and investment companies») – – – 9.5% 0.01 – –
– Herlig Event AS 2025 missingnot ranked: Not enough data (below minimum revenue) Micro – −19.4% 53.3% 1.27 – 1 MNOK
– HX Finance Iii AS 2025 missingnot ranked: Revenue not reported – – – 19.0% 7.12 – 0 MNOK
– Lomvia AS 2025 missingnot ranked: Revenue not reported – – – 99.7% 0.01 – –
– Lomvia Rederi AS 2025 missingnot ranked: Revenue not reported – – – 68.6% 0.46 – –
– Parkmann AS 2025 missingnot ranked: Bankrupt or being wound up Micro – 38.1% 72.7% 3.66 – 0 MNOK
– Polar Cruising Spitsbergen AS 2025 missingnot ranked: Not enough data (below minimum revenue) Micro – −357.0% −1,533.2% 1.11 – 0 MNOK
– Regn Marine AS 2025 missingnot ranked: Not enough data (below minimum revenue) Micro – 41.6% 46.7% 1.44 – 0 MNOK
– Remota Holding AS 2025 missingnot ranked: Revenue not reported – – – 99.7% 1.14 – –
– Risør Shipping AS 2025 missingnot ranked: Revenue not reported – – – −33,809.1% 0.01 – –
– Sandlo AS 2025 missingnot ranked: Revenue not reported – – – 94.1% 3.17 – –
– Scan Invest AS 2025 missingnot ranked: Not enough data (below minimum revenue) Micro – 100.0% −919.2% 0.00 – 0 MNOK
– SKIPSAKSJESELSKAPET TAURUS 2025 missingnot ranked: Revenue not reported – – – −15,322,361.1% 0.00 – 0 MNOK
– Storm Shipping AS 2025 missingnot ranked: Bankrupt or being wound up – – – – 0.00 – 0 MNOK
– Usv AS 2025 missingnot ranked: Revenue not reported – – – 87.7% 0.13 – –

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 85. See all bankruptcies and liquidations

About the figures

  • Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
  • The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
  • Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.