Tourism booms as economy weakens

Amidst all the recent concern over falling oil prices and rising unemployment, Norway’s important tourism industry is reporting a banner year. Hotels and, not least, the coastal shipping line known as Hurtigruten have logged their best spring and summer seasons ever, thanks largely to Norway’s weaker currency and much more favourable exchange rates for foreign visitors. State statistics bureau SSB […]

Best summer ever for Hurtigruten

Norway’s iconic coastal shipping line Hurtigruten is sailing through what’s likely to become its best summer season ever this year. Rainy and chilly weather in much of the country isn’t dampening the stream of passengers coming on board, as a weaker krone and more local interest in home-turf holidays are drawing both foreign and Norwegian tourists alike. “The summer […]

Hurtigruten sails towards profits

For the first time in a decade, Norway’s coastal voyage line Hurtigruten would have logged a black bottom line if it hadn’t been for some high one-time costs tied to its acquisition and delisting as a public traded company. Company officials are pleased, and expect more operating profits ahead. “We’re super-satisfied,” Hurtigruten boss Daniel Skjeldam told […]

Foreign investors sail into Norway

A great state sell-off has picked up steam, while foreign investors are snapping up stakes in private Norwegian companies and property at the same time. The sales are causing concern in some circles, while others think it’s a good sign that Norwegian assets are attractive. Newspaper Dagens Næringsliv (DN) has noted that all 10 of the […]

Hurtigruten ship latest to run aground

The coastal voyage Hurtigruten ship Nord Norge was still tied up at Skjervøy in Northern Norway on Tuesday after it grounded just after its scheduled departure Monday night. The ship wouldn’t sail until inspectors could examine its hull. The vessel was heading southbound on its way to Tromsø when it hit ran aground but it was […]

British investors board Hurtigruten

British investment firm TDR Capital has made a surprise offer to acquire Norway’s iconic coastal shipping line known as Hurtigruten, with Norwegian businessmen Trygve Hegnar and Petter Stordalen as hangers-on. Hegnar is currently Hurtigruten’s largest shareholder, controlling a third of its stock, and is also chairman of the board. If the proposed deal goes through, […]

Smoother seas for Hurtigruten

Norway’s iconic coastal shipping line known as Hurtigruten reported strong passenger growth during the second quarter of the year, generating a welcome jump in pre-tax profits. The shipping line earlier has struggled to maintain profitability in the face of rising costs and weather-related setbacks. The company reported an 18 percent increase in profits to NOK […]

More illness on Hurtigruten ship

Another serious bout of tummy trouble broke out on board a vessel in the Norwegian coastal Hurtigruten shipping line this week. State broadcaster NRK reported that the vessel was heading into Bergen on Wednesday to be disinfected. Both passengers and crew on board the vessel Richard With have suffered from a digestive ailment, confirmed Stein Lillebo […]

Hurtigruten suspects cockroach sabotage

A guest on board the Norwegian coastal voyage vessel MS Nordlys, part of the Hurtigruten fleet, told a  Tromsø newspaper over the weekend that he first thought he’d seen a mouse, but it turned out to be large cockroach on the panorama deck. Then a second large roach was found, and Hurtigruten officials have now […]

Smoother sailing for Hurtigruten

Norway’s coastal passenger shipping line Hurtigruten has reported much stronger results from its operations last year, compared to the year before. Profits would have been even better if it hadn’t been for stormy weather along the coast that disrupted operations. Investors, however, weren’t impressed. Even though Hurtigruten’s operating profit grew by NOK 83 million, it still […]