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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Hurtigruten on road to recovery

NARVIK 16 November – A marked improvement in interim results has encouraged the board of Hurtigruten Group, the Norwegian passenger shipping company, to forecast a halving of last year's loss in 2006 and plan for breakeven next year. The company operates a service between Bergen and Kirkenes along the west coast of Norway plus destination-orientated cruises. It posted a 3Q06 net profit of NK141.7M ($21.8M), double of the NK70.4M figure from the same period last year. In the full year of 2005, Hurtigruten suffered a net loss of NK94.8M. Hurtigruten, which was formed through the merger of local companies OVDS and TFDS, was able to increase yields at the same time as cutting operating expenses.

 

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