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Fjord Line's new CEO inherits a million lost passengers and a tough crisis

Fjord Line lost one million passengers in 2020 due to the Covid crisis and is working on a refinancing plan. The company maintains its growth plan entailing a new catamaran ferry worth NOK 700 million, new CEO tells ShipingWatch.

Photo: Fjord Line

2020 was supposed to be yet another growth year for Norwegian Fjord Line, which competes with Color Line on ferry and freight traffic between Norway, Denmark and Sweden.

But rather than an expected improvement in revenue and earnings, the coronavirus pandemic plunged the Norwegian ferry and freight company into a severe crisis in 2020.

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