Fjord Line has announced a rise in pre-tax profit to NOK 14m ($1.6m) last year, up from NOK 4m in 2017.

The privately owned Norwegian ferry owner's annual report shows revenues stood at NOK 1.53bn last year, up from NOK 1.36bn in 2017.

Chief executive Rickard Ternblom earned a salary of NOK 2.05m in 2018.

Egersund-based Fjord Line has a fleet of four ships — all of which fly the Danish flag — and claims to have the youngest and most modern fleet in Europe's cruise ferry segment with an average age of 13.5