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Sjøfart ranking 2025

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Benchmarks · fiscal year 2025

Quartiles among the 1,006 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin0.7%14.7%34.6%
Profit margin0.0%9.4%29.8%
Return on assets2.5%8.5%17.4%
Equity ratio15.3%42.1%65.5%
Debt-to-equity0.481.223.57
Current ratio0.841.503.46
Revenue growth−8.6%2.5%21.7%

Ranked per Morning company class: Large: 65 · Micro: 255 · Small: 269 · Medium: 417. 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 · 2025

0119237Index 0–10: 8 companies80Index 10–20: 35 companies3510Index 20–30: 98 companies9820Index 30–40: 135 companies13530Index 40–50: 230 companies23040Index 50–60: 237 companies23750Index 60–70: 153 companies15360Index 70–80: 85 companies8570Index 80–90: 22 companies2280Index 90–100: 3 companies390100Index →

Best in each category · 2025

Operating marginKiro Invest AS99.9%
Return on assetsWestern Bulk Commerce AS93.9%
Equity ratioAbaco Shipping AS100.0%
Current ratioAtlantica Carrier AS19.74
Revenue growthReefers Norway AS1,605.0%

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 · 2025

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 NYE BULL JR. Datter AS Smallno. 1 in the class 96 96.8% 98.3% 50.23 – 50 MNOK
2 Scorpio Kapital Datter AS Smallno. 2 in the class 96 96.8% 98.3% 50.23 – 50 MNOK
3 Hunter Group ASA Mediumno. 1 in the class 91 88.0% 98.3% 60.57 – 158 MNOK
4 Western Bulk Commerce AS Mediumno. 2 in the class 90 27.6% 93.0% 11.70 – 117 MNOK
5 Abaco Shipping AS Smallno. 3 in the class 89 99.2% 100.0% 971.78 12.5% 18 MNOK
6 Nothav AS Mediumno. 3 in the class 89 86.6% 77.8% 619.48 264.6% 53 MNOK
7 Maritime Yield Company AS Smallno. 4 in the class 88 92.5% 91.4% 6.73 123.4% 13 MNOK
8 Uthalden AS Largeno. 1 in the class 88 82.1% 94.4% 22.09 15.2% 957 MNOK
9 Klaveness Ship Investments AS Mediumno. 4 in the class 88 99.0% 85.9% 7.03 – 164 MNOK
10 Oledo AS Microno. 1 in the class 88 98.8% 91.3% 9.93 178.1% 2 MNOK
11 Ugland Barge Shipping AS Mediumno. 5 in the class 87 64.1% 93.3% 38.13 116.0% 86 MNOK
12 Fonnes Offshore AS Smallno. 5 in the class 87 63.5% 92.3% 8.99 31.9% 24 MNOK
13 Rem Service AS Largeno. 2 in the class 85 57.9% 59.0% 5.28 41.5% 976 MNOK
14 Aspire Norway AS Smallno. 6 in the class 83 18.6% 89.9% 8.99 25.4% 22 MNOK
15 Jajo AS Microno. 2 in the class 83 98.2% 97.1% 34.29 – 2 MNOK
16 Momentum Ships AS Microno. 3 in the class 83 77.9% 74.9% 3.98 365.7% 8 MNOK
17 Sar Offshore AS Smallno. 7 in the class 82 40.3% 89.6% 7.64 10.9% 38 MNOK
18 Owl 4 AS Mediumno. 6 in the class 82 31.1% 68.8% 5.21 94.0% 64 MNOK
19 Jakob Hatteland Holding AS Mediumno. 7 in the class 81 88.2% 88.4% 14.25 124.9% 389 MNOK
20 Siem Offshore Oscv AS Mediumno. 8 in the class 81 56.1% 80.8% 3.77 51.0% 452 MNOK
21 Frakt Sund AS Smallno. 8 in the class 81 26.3% 95.8% 11.84 25.0% 35 MNOK
22 Knot Fso 1 ASsubsidiary of Knutsen Nyk Offshore Tankers AS Largeno. 3 in the class 81 61.8% 89.8% 4.60 −2.9% 571 MNOK
23 Gull Sailor AS Smallno. 9 in the class 80 17.9% 86.7% 4.67 23.8% 31 MNOK
24 Dyvi Invest AS Mediumno. 9 in the class 80 88.6% 90.4% 6.68 132.5% 83 MNOK
25 Seaway Hawk AS Mediumno. 10 in the class 80 41.1% 81.2% 3.02 52.1% 293 MNOK
26 Hagland Bulk II AS Microno. 4 in the class 80 100.0% 100.0% 1.29 22.8% 1 MNOK
27 Norwest Ship 9 AS Mediumno. 11 in the class 80 31.0% 68.9% 6.55 – 63 MNOK
28 Maximus Shipping AS Smallno. 10 in the class 80 98.4% 55.4% 58.08 – 23 MNOK
29 Trond A Kittilsen Shipping AS Mediumno. 12 in the class 79 23.0% 76.9% 3.05 52.7% 61 MNOK
30 Mowi Star AS Smallno. 11 in the class 79 41.7% 78.5% 6.72 11.7% 28 MNOK
31 Romy Shipping AS Mediumno. 13 in the class 79 66.7% 69.3% 2.62 17.4% 203 MNOK
32 Asker Tankship 4 AS Smallno. 12 in the class 79 98.7% 99.8% 10.93 – 14 MNOK
33 Ola Volstad Holding AS Microno. 5 in the class 79 19.1% 99.9% 1,114.30 57.2% 3 MNOK
34 Gull Shipping AS Microno. 6 in the class 79 29.6% 97.7% 12.29 56.5% 2 MNOK
35 Monza Car Carrier AS Mediumno. 14 in the class 78 69.4% 94.5% 2.00 −3.1% 129 MNOK
36 Aurora Mosvold AS Mediumno. 15 in the class 78 28.6% 91.6% 6.07 5.9% 444 MNOK
37 Atlantica Carrier AS Mediumno. 16 in the class 78 31.2% 98.9% 19.74 72.4% 68 MNOK
38 Aqua Atlantic AS Smallno. 13 in the class 78 78.4% 73.4% 0.54 36.2% 15 MNOK
39 Tri Frakt AS Smallno. 14 in the class 78 27.0% 95.7% 12.49 7.4% 45 MNOK
40 Viken Shipping AS Microno. 7 in the class 78 −5.9% 100.0% 33,314.12 259.4% 10 MNOK
41 Klaveness Invest AS Mediumno. 17 in the class 78 94.8% 67.3% 135.74 26.5% 154 MNOK
42 Bel Ship i AS Largeno. 4 in the class 78 42.0% 82.3% 1.81 95.1% 610 MNOK
43 Luna Psv II AS Mediumno. 18 in the class 77 46.8% 49.6% 7.99 170.1% 89 MNOK
44 Arctic Reefers AS Smallno. 15 in the class 77 27.1% 89.0% 8.24 0.5% 17 MNOK
45 Kiro Invest AS Mediumno. 19 in the class 77 99.9% 93.2% 1.91 34.5% 69 MNOK
46 Geiranger Fjordservice AS Mediumno. 20 in the class 77 26.3% 88.3% 3.43 8.7% 68 MNOK
47 Sjøco AS Smallno. 16 in the class 77 87.3% 57.3% 2.30 113.4% 18 MNOK
48 Neptun Rederi AS Mediumno. 21 in the class 76 32.5% 96.4% 17.29 −5.4% 105 MNOK
49 Lofoten Charterbåt AS Microno. 8 in the class 76 35.3% 74.7% 3.91 53.9% 7 MNOK
50 Lyna AS Microno. 9 in the class 76 38.7% 83.9% 4.08 20.1% 4 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.