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Havila Sees Positive Third Quarter Operational Results

  • November 28, 2025
havila third quarter results

Havila Voyages has announced that the company continued its momentum in the third quarter of 2025, with solid operational performance and a significant improvement in results: Operating results ended at a positive NOK 283 million.

The company said in a press release that this is a strong improvement from the same quarter last year, which ended with a positive operating result of NOK 128 million.

“We are seeing strong demand for journeys along the Norwegian coast, we have more guests onboard and the average cabin price has also increased somewhat,” said 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,” added Martini.

The company’s operational revenues (excluding contract revenues from the Norwegian Ministry of Transport) are up 13 percent compared with the same period last year.

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

“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,” said Martini.

CO₂ emissions were reduced by 38 percent in the fleet compared with the reference figures for the coastal route in 2017, when the route was operated by diesel-powered vessels.

“The fact that 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,” Martini added.

“The requirement from the Norwegian authorities is a minimum 25 percent 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,” he said.

“The recent voyage of the Havila Polaris on biogas is yet further proof that it is possible to achieve a great deal already today.”

According to the company, food waste onboard was only 60 grams per guest night, well below the company’s ambition of a maximum of 75 grams per guest night.

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