Prognosis
Outbreak on Norwegian Cruise Ship Highlights Industry’s Troubles
- Hurtigruten Group under investigation over handling of virus
- Sector remains vulnerable following global travel curbs
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The notes of Norwegian cruise ship operator Hurtigruten Group AS tumbled on Tuesday, following the announcement of a police investigation into the company’s handling of a Covid-19 outbreak on one of its vessels.
The Tromso-based firm’s bonds were marked at a range between 74.5 and 80 cents on the euro on Tuesday, down from a mid-80s level last week, according to people familiar with the matter. Its term loan moved a point lower to be bid at 74 cents on the euro and offered at 79 cents, following a five-points loss on Monday.