First Quarter 2020 Highlights: Tour Revenues decreased 9% to $81.2 million Net loss available to common stockholders of $1.9 million Adjusted EBITDA decreased $11.5 million to $10.6 million Significantly expanded capacity with the delivery of the National Geographic Endurance in March 2020…
Royal Caribbean has recently been able to better it’s liquidity by arranging for a debt holiday from payments for its newbuilds in Germany and France. The French credit agency is applying this to the Symphony of the Seas, Celebrity Edge,…
NCLH Chart by TradingView The factors described above, in particular the suspension of cruise voyages and decline in advanced bookings, as well as debt maturities and other obligations over the next year, and the fact that management’s plan to obtain…
Carnival Corporation & plc disclosed summary financial information for the quarter ended February 29, 2020, in connection with previously disclosed financing activities to improve its liquidity position. First Quarter 2020 Summary Information U.S. GAAP net loss of $(781) million, or…
Carnival Corporation announced it’s intent to borrow approximately $3 billion over six months to increase it’s cash position. This will serve as working capitol and to be used for general expenses. (From Carnival Corp) Due to the spread and recent developments,…
UPDATE 5/1: NCLH announced that they have amended the below agreement to include the Pride of America and the Norwegian Jewel and increases the credit facility to as high as $905 million. Due to the uncertainty caused by the coronavirus,…
Royal Caribbean Cruises Ltd today announced that due to the spread and recent developments related to the COVID-19 outbreak, the company has increased its revolving credit capacity by $550 million bolstering the company’s liquidity. The company is pursuing additional actions to improve…
Full year 2019 Highlights: Lindblad Expeditions Holdings, Inc. a global provider of expedition cruises and adventure travel experiences, today reported financial results for the fourth quarter and year ended December 31, 2019. Tour revenues increased 11% to $343.1 million Net…
Norwegian Cruise Line Holdings Ltd. today reported financial results for the fourth quarter and full year ended December 31, 2019, as well as provided guidance for the first quarter and full year 2020. Full Year 2019 Highlights Company generated GAAP net income…
Royal Caribbean Cruises Ltd. today reported 2019 US GAAP earnings of $8.95 per share and adjusted earnings of $9.54 per share and announced that 2020 adjusted earnings are expected to be in the range of $10.40 to $10.70 per share. Given the fluidity of the circumstances related to…
Carnival Corporation & plc announced financial results for the full year and fourth quarter ended November 30, 2019 and provided an outlook for the full year and first quarter 2020. Key Highlights Full Year 2019 • U.S. GAAP net income…
Norwegian Cruise Line Holdings Ltd. reported financial results for the third quarter ended September 30, 2019, as well as provided guidance for the fourth quarter and full year 2019. Highlights The Company generated GAAP net income of $450.6 million or EPS of $2.09 compared to $470.4 million or $2.11 in…
Third Quarter 2019 Highlights: Lindblad Expeditions Holdings, Inc., a global provider of expedition cruises and adventure travel experiences, today reported financial results for the quarter ended September 30, 2019. Tour revenues increased 16% to $101.0 million Net loss available to…
Royal Caribbean Cruises Ltd. today reported record third quarter US GAAP earnings of $4.20 per share and adjusted earnings of $4.27 per share which include a $0.13 negative impact from Hurricane Dorian. The company also updated its full year Adjusted EPS guidance to a range of $9.50 to $9.55 per…
German Hapag-Lloyd Cruises newest ship has just entered service. The HANSEATIC inspiration is the second ship in their luxury expedition class. VIEW HANSEATIC INSPIRATION DECK PLANS Hapag-Lloyd is mainly known for their 222 ‘box ships’. This is their huge fleet…
More details have emerged from Viking Cruises new sub brand. Not to be left out of the burgeoning expedition market, Viking ordered two expedition vessels to be built at VARD last April. The two sisterships will be named Viking Octantis…
And so it begins… Well technically they started shuffling around the vision-class when they sent the Legend and Splendour of the Seas off to TUI cruises. The next in the vision-class to leave the Royal Caribbean International fleet is the…
…Vanuatu. Lelepa is off the coast of Vanuatu which is a chain of islands, 1076 miles ENE of Australia. Royal Caribbean, along with the Vanuatu government, will develop the island into a private cruise destination. The project is still in…
She’ll be named Wonder of the Seas and be based in China. The Wonder of the Seas was all but confirmed to be originally named Melody of the Seas. However today they just announced that she will in fact be…
It appears the ship has changed names. According to her AIS (as well as speculative reports in local news), the ship, formerly known as as the s/v Flying Clipper, as been sailing around the Adriatic as the Brodosplit 483. (Brodosplit…
Norwegian Cruise Lines shook things up at the executive level. Andy Stuart had been with the line since 1988 and survived the line going through three different ownership groups, all of which cleaned house when they took over. Stuart was…
During an internal corporate review of Italian brand Costa Crociere, it was announced that they will see a fleet makeover soon. In November last year it was announced that the Costa Atlantica and Costa Mediterranea will leave their fleet for…
Carnival Corporation & plc announced financial results for the third quarter ended August 31, 2019 and provided an outlook for the full year, fourth quarter 2019 and 2020. Key Highlights U.S. GAAP net income of $1.8 billion, or $2.58 diluted EPS, for the third…
Today brings us two updates on the massive renovations going on in PortMiami. The first is that MSC finally got approval on what will actually be two different terminals right next to each other. Called Terminal AA and AAA, they’re…
File this one under the post-that-became-a-rant… There’s a ‘yacht’ currently under construction at Vard Holdings yard in Tulcea, Romania (same builders as Hapag-Lloyds and Ponant’s luxury exploration vessels are constructed). It’s being referred to as REV Ocean. The background on this…