Maybe I just was too lazy to install the game on the harddisk (mac user with no windows available).

Gonna give it a try now, I'll feedback soon.

Edit:
Okay, so that's the error:

info : Using config file: /home/user/.config/albion/albion.cfg
fatal: Unable to open <CD_PATH>/XLDLIBS/FONTS0.XLD (exit code: -5)

In /home/user/.config/albion/albion.cfg the GameDirectory is set to "/home/user/MyDocs/games/Albion".

This folder contains:
Nokia-N900:/home/user/MyDocs/games/Albion# ls
ALBILOW.BAT ALBION.PIF DRIVERS MAIN.EXE SETUP.EXE
ALBION ALBION.VMC INSTALL.LBM README.TXT SETUP.INI
ALBION.EXE DOS4GW.EXE INSTALL.SCR SAVES XLDLIBS

I did also empty the SETUP.INI file.

Any hints? Is there something I have to copy around?

Thanks!