The Oslo-listed company’s cost cutting drive has already deliveredan estimated NOK 60m in savings through measures including asset sales andreorganisation of its land-based operations.

While the full effect is not expected to be felt until nextyear, the first three phases of the restructuring reduced outgoings by NOK 17min the third quarter.

Last week Hurtigruten revealed that the measures helped pushprofit to NOK 163m for the three months to 30 September from NOK 60.3m