Norwegian Cruise Line's net loss narrowed to $211.8 million last year as it undertook cost saving initiatives, including the redeployment of two of its three Hawai'i cruise ships to other markets.

The operator of a dozen cruise ships said the 2008 result compared to a loss of $227 million a year earlier.

The company said it was able to improve its financial performance during the year despite a challenging economic environment. That included reassigning the Pride of Hawaii from Interisland cruises to Europe where it was renamed the Norwegian Jade. Another boat used in interisland cruises , the Pride of Aloha, is now now as the Norwegian Sky and currently does cruises of the Bahamas from Miami.