US cruiseship owner Royal Caribbean Cruises (RCCL) has finished the first phase of its stock buy-back programme.

It told the Oslo Stock Exchange that it had spent $200m on 2.1m of its shares at $95 each.

The move follows an announcement that it would be buying back $500m-worth by the end of January 2016.

The first deal eaves the company with 217.97m shares outstanding.

RCCL,