Color Line's parent company reported sharp improvement in its results for the first half of 2018.

The privately owned Norwegian ferry owner's holding company, Color Group, logged a pre-tax profit of NOK 146m ($18m) compared to a NOK 80m loss in the same period in 2017.

A substantial part of the result this year comes from atransaction to buy sister ferry operator Kristiansand Line, owner of the 37,000-gt ferry Superspeed 1 (built 2008).