Danish ro-ro group DFDS is looking to boost profit over the next five years - and will be looking to buy businesses.
The aim is to grow revenue and earnings through developing and expanding its shipping network.
It wants EBITBA to reach DKK 5.5bn ($828m) by 2023, compared to DKK 3.6bn for 2018.
The owner said a third of this will come from acquisitions in the coming years, increasing its scale advantages, while also upping earnings from its new Mediterranean business unit, U.N. Ro-Ro in Turkey.
There will be a mix of organic as well as structural initiatives.
The company also plans to benefit from deployment of newbuildings with lower unit costs.
Organic investments, excluding acquisitions, are forecast to amount to around DKK 5bn for the period 2020 to 2023.
This includes delivery of three freight ro-ro newbuildings, and two ro-paxes.
DFDS will also increasingly be digitising its services.
It said market growth is currently weakened by renewed uncertainty about Brexit and a slowdown in manufacturing in and around Europe.
CEO Torben Carlsen added: "Our ambition exceeds the outlook for continued modest market growth.
"Therefore, our strategy is to leverage the reach and strength of our network to do more for customers and to raise efficiency. This way we intend to grow considerably over the next five years."
