Shares in Per Saevik-backed ferry owner Fjord1 were trading upwards this morning after its promotion to the Oslo Stock Exchange.

Fjord1 stock was changing hands at NOK 34.50 each at the time of writing, having up 1.47% today.

Dagfinn Neteland, chief executive of the shipowner, says the promotion from Oslo’s Merkur Market to the main board is a “huge leap” for the company.