Private company

Fred. Olsen Cruise Lines

Logo: Clairerebecs, CC BY-SA 4.0, via Wikimedia Commons4

Norwegian-owned company based in the UK

Olsen Cruise Lines is a UK-based, Norwegian-owned cruise shipping line with three cruise ships. The company is owned by Bonheur and is headquartered in Ipswich, Suffolk, in the United Kingdom. The company is part of the Fred.2 It is part of Fred. Olsen & Co.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1848Founded1
  • Industryfreight transport1
  • HeadquartersIpswich1
  • Websitewww.fredolsencruises.com
  • Legal formprivate company limited by shares1
  • LEI2138006LC51PAIVU6A043
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address2ND FLOOR, 36 BROADWAY, SW1H 0BH London, United Kingdom3
  • Registered withCompanies House, 026724353
Borealis (ship, 1997) at Liverpool Cruise Terminal 1
Photo: Rodhullandemu, CC BY-SA 4.0, via Wikimedia Commons6

Fred. Olsen Cruise Lines is a UK-based, Norwegian-owned cruise shipping line with three cruise ships. The company is owned by Bonheur and is headquartered in Ipswich, Suffolk, in the United Kingdom. The company is part of the Fred. Olsen Group.2

Corporate structure

Fred. Olsen Cruise Lines is part of a group headed by Bonheur. 7 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Bonheur Oslo, Norway
    • DN Media Group Oslo, Norway
    • Fred. Olsen Cruise Lines Ipswich, United Kingdom
      • Black Watch Owned
      • MV Boudicca Owned · Norway
      • Villa Vie Odyssey Owned
    • TradeWinds Oslo, Norway
    • FRED. OLSEN CB LIMITED Subsidiary · London, United Kingdom
    • FRED. OLSEN OCEAN LTD Subsidiary · Oslo, Norway
    • FRED. OLSEN RENEWABLES AS Subsidiary · Oslo, Norway

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Fred. Olsen Cruise Lines reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

  • Black Watch
  • MV Boudicca
  • Villa Vie Odyssey

Things Wikidata records the company as owning, with the share when stated.1

The story

The company originated in Hvitsten, a small town on Oslofjord in Norway, in 1848 by three Olsen brothers, Fredrik Christian, Petter and Andras, who bought their first ships and began an international shipping company. The company is now into the fifth generation of the family and operates various companies skilled within the cruise and passenger shipping trade, as well as aviation, ships' crewing, ship building and offshore industries. The Fred. Olsen group also has business interests in the luxury hotel sector, estate management, property development and electronics companies.

In May 2006 Fred. Olsen Cruise Lines announced the purchase of a new vessel, Norwegian Crown, from Norwegian Cruise Line. Following delivery of the vessel in November 2007, she was dry-docked for refurbishment. She was renamed Balmoral and entered service early in 2008. This was followed by a new centre section being added, with new cabins and public rooms, increasing the size from 19,000 GT to 24,000 GT (approx).

In 2018 Fred. Olsen announced that a series of 600-passenger-newbuilts was being planned and they were in negotiations with shipyards, but those newbuilts were never ordered.

In July 2020, Fred. Olsen bought the former Holland America Line ships Amsterdam and Rotterdam for $37m and renamed them Bolette and Borealis respectively, to be delivered in September 2020. They replaced the Boudicca and the Black Watch which were retired in August 2020.

From Wikipedia’s article on Fred. Olsen Cruise Lines, shared under CC BY-SA 4.0.5

Products and brands

  • cruise ship

Listed on Wikidata.1

Destinations and cruise holidays

For most of the year, the ships are based in UK ports.

Destinations include Northern Europe, the Baltic, the Mediterranean, the Adriatic, the Canary Islands, the Caribbean, Africa, Canada, the United States and South America

Operations

Fred. Olsen Cruise Lines operates smaller scale cruise ships, ranging in size from 24,000 to 62,000 GT (approx), currently a fleet of three cruise ships, the ambience on board is traditionally British.

From Wikipedia’s article on Fred. Olsen Cruise Lines, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Parent company

Owners

Also owns

  • Black Watch
  • MV Boudicca
  • Villa Vie Odyssey

Ultimate parent

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. 1848Founded Founded1