MarketFjord1
Company Profile

Fjord1

Fjord1 AS is a Norwegian transport conglomerate, one of the largest in the Norwegian transport sector. Formed in 2001, company headquarters are in Florø, with the headquarters of the ferry division in Molde. It operates a fleet of environmentally friendly vessels in the Norwegian fjords.

Formation
Nordvestlandske was formed in 2001 by the merger of the county council-owned ferry companies Møre og Romsdal Fylkesbåtar and Fylkesbaatane i Sogn og Fjordane, becoming Fjord1 in December 2002. The fact that the merged company headquarters were located in Sogn og Fjordane made the merger unpopular in Møre og Romsdal county. The choice of name, Fjord1, was also not well-accepted among the local population. These strains on public relations, amongst other things, resulted in talks intended to further the merger process breaking down during the winter and spring of 2004. Fjord1 AS was listed on the main list on the Oslo Stock Exchange on 15 August 2017. ==Operations==
Operations
The company is one of the largest in the Norwegian transport sector. Fjord1 is transitioning to low- and zero-emission technology and introduced two fully electric ferries, and on the E39 Anda to Lote route in 2018. Between 2017 and 2021, Fjord1 put into service 26 new hybrid-battery ferries and converted a further eight vessels to hybrid-battery propulsion, The 2019 Annual Report records 19.9 Million passengers and 9.9 million vehicles carried. The group also operates in the tourism sector, through Fjord Tours Group (50/50 ownership with Vy-Gruppen) and The Fjords (50/50 ownership with Aurland Ressursutvikling). ==References==
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