Norwegian ferry owner Fjord1's experience in powering the fleet with electricity could be invaluable for the company as it looks into expansion.

That is the view of Reuben Munger, the manager partner and founder of Fjord1's powerful co-owner, US alternative asset manager Vision Ridge Partners.

Vision Ridge provided debt financing to Fjord1's Saevik family in 2019 and 2020.

Then Allianz Global Investors provided additional debt financing to refinance the existing structure in a $340m deal, enabling Vision Ridge to become a 50:50 equity partner with the owning Saevik family.