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Hurtigruten ended 2020 with large deficit despite large-scale aid schemes

Hurtigruten lost almost USD 200 million in 2020 even though the shipping company received large sums in compensation from the Norwegian government's compensation schemes. Monday, the company secures a new large loan.

Hurtigruten ended 2020 with a deficit of NOK 1.68 billion (USD 195 million) even though the carrier is on the list of companies that have received huge sums of money in Covid-19 aid from the Norwegian government.

According to two Norwegian registers, Hurtigruten received nearly NOK 321 million in compensation from the Norwegian state's aid schemes.

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