Tue 26 Aug, 2008
| Posted in: Norwegian cruise operator Hurtigruten is looking to sell off its ferry contracts and non-core business operations as it battles to keep costs down, writes Craig Eason.
The company has released second quarter figures showing a pre-tax profit of NKr26m ($4.8m), compared with NKr102m for the same period last year, adding to the woes of a pre-tax loss of NKr108m in the first quarter.
It says bunker costs and debt expenses have risen by NKr85m, overshadowing the gains...