Significant improvement in results

This is a strong improvement from the same quarter last year, which ended with a positive operating result of NOK 128 million. The company’s operational revenues (excluding contract revenues from the Norwegian Ministry of Transport) are up 13% compared with the same period last year.

“We are seeing strong demand for journeys along the Norwegian coast, we have more guests on board, and the average cabin price has also increased somewhat,” says CEO Bent Martini.

“This is in line with our strategy and ambitions, and shows that we are starting to gain a solid foothold in the markets after a challenging start for Havila Voyages.”

Occupancy for Havila Voyages’ fleet in the third quarter was 80%, up from 78% in the same period in 2024, and the ships also had 100% operational uptime.

“We have implemented targeted measures to, among other things, reduce the imbalance between the northbound and southbound routes, where we have seen particularly strong development. Being able to offer more flexibility to our guests who wish to travel on our new and modern ships has had a very positive effect,” says Martini.

Far exceeding regulatory emission requirements
For Havila Voyages’ fleet as a whole, CO₂ emissions were reduced by 38% compared with the reference figures for the coastal route in 2017, when the route was operated by diesel-powered vessels.

“The fact that, with our ships powered by liquefied natural gas and large batteries, we reduce our footprint so significantly is, among other things, thanks to our fantastic crews, who every day do their utmost to operate our ships as efficiently as possible,” he says.

“The requirement from the Norwegian authorities is a minimum 25% reduction in CO₂, and we have delivered on that from day one on the coastal route. We are proud of that, while still aiming even higher. The recent voyage of Havila Polaris on biogas is yet further proof that it is possible to achieve a great deal already today,” he concludes.

Food waste on board Havila Voyages’ ships was only 60 grams per guest night, well below the company’s ambition of a maximum of 75 grams per guest night.

The quarterly report can be downloaded below.