The story
Since 1983, the company has operated a regular international passenger, car and freight service, currently using MS Norröna, a multi-purpose ferry built in Lübeck, Germany in 2003. The original vessel on the route was a Swedish-built ferry also named Norröna (built in 1973). The cost (about 100 million Euro) of building MS Norröna presented Smyril with financial difficulties, and public support had to guarantee the Faroese ship.
In 2024, the holding company was owned by P/F 12.11.11 (59.5%), Framtaksgrunnur Føroya (Faroese Development Trust, 6.3%), the Faroese Government (16.2%), and the rest of the shares (18%) were owned by several minor stakeholders.
In March 2026, CEO Jens Meinhard Rasmussen announced plans of replacing MS Norröna This comes after Smyril Line reported a record net income of 147 million kr. in 2024.
From Wikipedia’s article on Smyril Line, shared under CC BY-SA 4.0.4
