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Norwegian Cruise Lines (NCLH) successful IPO has spurred a second offering of common stock. UBS and Barclays will be underwriting it. In a S-1 filing obtained by Seatrade, the breakdown is as follows: Genting HK (Star NCLC) offering 10m shares…
Part of what makes fueling a ship with LNG so difficult is the supply of bunkers(fuel). Every port where they need to take on bunkers must have an adequate supply and special equipment for discharging it into the intended vessel.…
Insurance payouts are reportedly about to top usd$1.1 billion as workers continue to attempt to salvage the ship. The Reinsurer Munich Re said that the ship had a hull value of usd$500 million. The rest of the costs are from…
As they promised to do in the recent congressional hearing. Here are the voluntarily released crime statistics form the big three. Carnival Corp Norwegian Cruise Line Royal Caribbean
Senator Jay Rockerfeller has always been a vocal opponent of the cruise industry. Even calling two special congressional hearings about their safety record. In his most recent one, he stated that he intends on proposing legislation to “close the tax…
via Cruise Business Online STX Shipbuilding & Offshore has decided to sell its 66% stake in STX France and 100% holding in STX Finland as part of efforts to restore the financial health of the debt-ridden company.
Locals in Venice are claiming that the Carnival Sunshine sailed too close to the shore when sailing by Riva Sette Martiri, to give guests a view of the famous Piazza San Marco. The above photo via the DailyMail shows how…
In short, NCL posted a reasonably positive-mixed quarterly earnings. They beat their earnings per share by $0.02, however missed their target revenue by $14.86 million. This last parts a killer. Their stock is trading lower now because of it. But…
Royal Caribbean just received City and port approval to build a new $70 million terminal in Bayonne. No doubt this is to accommodate the new Quantum of the Seas when she’s homeported there next year. Royal Caribbean is said to…
During yesterday’s congressional hearing, US Coast Guard Rear Admiral Joseph Servidio testified regarding the Grandeur of the Seas fire back in May. While still no cause was given, he was able to elaborate as to why it got to be…