Oslo-based holding company Bonheur is reporting a profitable fourth quarter for its renewable energy and wind farm services company, but a losing year in cruise.

The Fred Olsen-family controlled organisation is also the controlling shareholder in DN Media Group, which publishes TradeWinds.

The outlook for the wind installation fleet of subsidiary Fred Olsen Windcarrier (FOW) is bright despite the failure of an attempted IPO last year, with its three ships “close to being sold out for the period 2023 to 2026”, the company told shareholders.