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Sjøfart ranking 2023

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Benchmarks · fiscal year 2023

Quartiles among the 883 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin0.9%15.8%38.7%
Profit margin0.0%11.2%33.4%
Return on assets3.3%9.4%20.1%
Equity ratio15.1%39.6%64.4%
Debt-to-equity0.491.303.62
Current ratio0.971.613.92
Revenue growth7.8%26.4%52.9%

Ranked per Morning company class: Medium: 322 · Micro: 262 · Small: 227 · Large: 72. 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 · 2023

078155Index 0–10: 21 companies210Index 10–20: 55 companies5510Index 20–30: 98 companies9820Index 30–40: 123 companies12330Index 40–50: 155 companies15540Index 50–60: 149 companies14950Index 60–70: 128 companies12860Index 70–80: 93 companies9370Index 80–90: 43 companies4380Index 90–100: 18 companies1890100Index →

Best in each category · 2023

Operating marginWILH. Wilhelmsen Invest AS100.0%
Return on assetsEnergy Sugar AS99.4%
Equity ratioWILH. Wilhelmsen Invest AS100.0%
Current ratioKnot Shuttle Tankers 21 AS19.87
Revenue growthHX Crew AS1,183.4%

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 · 2023

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 Knutsen LNG II AS Mediumno. 1 in the class 98 94.3% 97.8% 44.44 – 361 MNOK
2 Seetee AS Mediumno. 2 in the class 98 113.8% 99.9% 22.08 – 143 MNOK
3 Höegh Autoliners AS Microno. 1 in the class 97 96.4% 100.0% – – 2 MNOK
4 Uthalden AS Largeno. 1 in the class 96 56.5% 91.2% 12.19 – 1,711 MNOK
5 Oledo AS Microno. 2 in the class 95 96.5% 99.3% 118.02 – 1 MNOK
6 Monza Car Carrier AS Mediumno. 3 in the class 94 68.2% 98.4% 3.52 – 120 MNOK
7 Oslo Caribbean Carrier AS Mediumno. 4 in the class 93 82.8% 79.8% 4.84 – 218 MNOK
8 Hannah Kristina AS 2025 missing Mediumno. 5 in the class 92 83.8% 70.7% 1,312.30 198.1% 153 MNOK
9 Champion Shipping AS Largeno. 2 in the class 92 44.2% 79.8% 5.62 – 1,008 MNOK
10 Mowi Star AS Smallno. 1 in the class 92 29.7% 96.1% 25.44 – 24 MNOK
11 Jsl AS Microno. 3 in the class 92 59.9% 99.8% 432.23 – 5 MNOK
12 Saturn Invest AS Mediumno. 6 in the class 92 99.5% 98.0% 36.76 – 162 MNOK
13 Knutsen Kyst LNG AS Mediumno. 7 in the class 92 99.5% 99.9% 752.52 – 126 MNOK
14 Brødrene Klovning Offshore AS Microno. 4 in the class 92 100.0% 98.4% – – 2 MNOK
15 Klaveness Invest AS Largeno. 3 in the class 91 98.3% 66.4% 90.65 – 547 MNOK
16 Sar Offshore AS Smallno. 2 in the class 91 46.8% 97.9% 43.73 – 35 MNOK
17 Fjordtaxi AS Microno. 5 in the class 91 44.0% 101.2% – – 2 MNOK
18 WILH. Wilhelmsen Invest AS Smallno. 3 in the class 91 100.0% 100.0% – – 16 MNOK
19 Seifjell AS Smallno. 4 in the class 90 68.3% 84.2% 20.25 – 50 MNOK
20 AS AUDLEY Smallno. 5 in the class 89 50.5% 98.2% 52.09 – 36 MNOK
21 Fonnship AS Smallno. 6 in the class 89 33.3% 97.9% 41.69 – 22 MNOK
22 Tek Sin AS Smallno. 7 in the class 89 65.0% 99.1% 131.12 – 40 MNOK
23 Johan Rokstad AS Microno. 6 in the class 89 89.5% 95.4% 18.69 – 2 MNOK
24 Viken Chartering ASsubsidiary of Ketut AS Microno. 7 in the class 89 78.9% 93.6% 15.56 – 6 MNOK
25 Seines AS Smallno. 8 in the class 88 59.0% 74.5% 9.35 – 47 MNOK
26 Gcc Shipowning 3 AS Mediumno. 8 in the class 88 69.3% 68.5% 6.36 – 338 MNOK
27 Hunter Group ASA Smallno. 9 in the class 88 28.0% 95.9% 22.99 – 21 MNOK
28 Østen AS Microno. 8 in the class 88 92.1% 95.7% 18.62 – 1 MNOK
29 Rana Frakt AS Smallno. 10 in the class 87 22.3% 97.4% 37.35 – 26 MNOK
30 Songa Product and Chemical Tankers AS Mediumno. 9 in the class 87 72.9% 64.7% 15.01 – 383 MNOK
31 Fri Karmsund AS Smallno. 11 in the class 86 34.9% 92.0% 3.45 – 19 MNOK
32 Knot Shuttle Tankers 21 AS Mediumno. 10 in the class 86 61.7% 81.1% 19.87 – 73 MNOK
33 Frakt Sund AS Smallno. 12 in the class 86 26.9% 95.9% 13.48 – 41 MNOK
34 Eidesvik Subsea Vessels AS Microno. 9 in the class 86 94.7% 98.7% 74.89 – 2 MNOK
35 WA Tankers AS Mediumno. 11 in the class 86 63.6% 67.0% 2.74 – 212 MNOK
36 Nordic Heavylift Vessels AS Smallno. 13 in the class 85 67.2% 95.3% 2.04 – 13 MNOK
37 Sølvtrans Rederi II AS Mediumno. 12 in the class 85 65.2% 67.1% 4.03 – 66 MNOK
38 Songa Puma ASsubsidiary of Songa Box Holding AS Mediumno. 13 in the class 85 58.2% 64.0% 4.18 – 121 MNOK
39 Myklebusthaug Offshore AS Smallno. 14 in the class 85 29.6% 83.1% 18.92 – 40 MNOK
40 Songa Leopard ASsubsidiary of Songa Box Holding AS Mediumno. 14 in the class 84 43.2% 74.0% 10.08 – 151 MNOK
41 Aurora Mosvold AS Mediumno. 15 in the class 84 33.9% 94.6% 6.74 – 448 MNOK
42 Myklebusthaug Shipping AS Mediumno. 16 in the class 84 69.5% 47.3% 6.11 – 99 MNOK
43 Songa Product and Chemical Tankers II AS Smallno. 15 in the class 83 65.6% 79.4% 25.46 – 49 MNOK
44 Bryggen Shipping International AS Largeno. 4 in the class 83 5.8% 79.4% 4.81 – 1,035 MNOK
45 TM Chartering AS Smallno. 16 in the class 83 36.4% 71.1% 3.37 – 10 MNOK
46 Songa Tankers i AS Mediumno. 17 in the class 82 57.2% 67.2% 10.32 – 408 MNOK
47 Barents Maritime AS Microno. 10 in the class 82 54.2% 92.6% 12.90 – 1 MNOK
48 Stentank AS Largeno. 5 in the class 82 45.7% 49.9% 2.48 – 579 MNOK
49 Gmi Rederi AS Microno. 11 in the class 82 99.7% 94.3% 17.43 – 2 MNOK
50 Havrafting Sør AS Microno. 12 in the class 81 48.2% 82.5% 5.14 – 1 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 89. 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.