Norled AS

Norled is one of Norway’s four leading marine transportation companies with a fleet of 41 ferries and 30 express boats operating on availability-based contracts. Water transportation is an essential part of Norwegian infrastructure, and the Norwegian government has set and is supporting ambitious targets for transport companies to transform the sector from diesel to renewable electric and hydrogen solutions.

A leader in innovative and environmentally friendly transportation solutions, Norled intends for most of its fleet to be carbon emission-free within the next decade. The company has invested significantly in new types of vessels and eco-friendly technology, including hybrid and battery-driven vessels and the first hydrogen-electric ferry. During CapMan’s ownership, Norled has invested c. NOK 2.5bn into renewing its fleet, decreasing CO2 emissions by 30% from 2019 to 2021. Furthermore, the number of electric ferries in the company’s fleet grew from 2 at investment to 18 at exit while the share of low and zero emission vessels in the fleet increased from 9% to 31%.