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Royal Caribbean recently announced that they will be changing up some ship deployments, but why? And what is IMO2023? Well, it’s related to new regulations concerning the speed and efficiency that the ships can sail at. In recent years the…
The cruise ship better known as the Norwegian Majesty, but now sailing as Crown Iris, has had a very interesting history. Let’s take a look. In 1990, Finland-based Birka Lines ordered a new cruise ferry for their overnight trips out…
Britain’s Swan Hellenic have just taken delivery of their newest vessel, SH Minerva. Lets take a look at her and see what sets her apart. View SH Minerva’s Deck Plans Swan Hellenic started back in the 1950’s as a travel…
Now that Wonder of the Seas has officially started sailing, let’s take a look at the list of top 10 largest ships in the world and see where the Oasis-class lands on them. I debuted this analysis a few years…
I recently had the opportunity to tour the Scarlet Lady before she set sail on her first voyage this month. Let us take a look at this new ship featuring a new design for a new cruise line. SCARLET LADY…
This unique, one-of-a-kind ship can trace its origin back to 1978 and even to an entirely different ship called the Viking Saga. When Viking Saga was ordered, along with a sistership from the Finnish shipyard Wärtsilä in Perno, Finland, they…
The cruise industry is now getting into the SPAC market. If you don’t know what those are it stands for a Special Purpose Acquisition Company. These are the financial/stock mechanism that allows a publicly traded company without any operations or…
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You have probably seen the acronym PVSA mentioned on cruise forums, especially when discussing Alaska sailings, Hawaii itineraries, or one way repositioning cruises. The Passenger Vessel Services Act plays a significant role in how cruise lines design their routes in…
Norwegian Cruise Line Holdings Ltd. reported financial results for the third quarter ended September 30, 2020 and provided a business update. “The new Framework for Conditional Sailing Order issued by the U.S. Centers for Disease Control and Prevention is a step in the right…
The newly renamed Royal Caribbean Group reported financial results for the third quarter of 2020 and commented on the business considering the global COVID-19 pandemic. Third Quarter 2020 On March 13, 2020 and due to the COVID-19 pandemic, the Company voluntarily suspended…
Warren, Rhode Island based Blount Small Ship Adventures just announced that they ceased all operations and put all three ships for sale. The line, formally known as American Canadian Caribbean Line, had been sailing small, Jones-act passenger vessels since 1966.…
UPDATE OCTOBER: The German Government has announced that MV Werften will receive $200 million in emergency aid from 17 banks. The loan was facilitated by the regional Minister of Economic Affairs to allow for the highly skilled workers of the…
Norwegian Cruise Line Holdings Ltd. today reported financial results for the second quarter ended June 30, 2020. “In recent weeks, we have taken further action to bolster our liquidity position in response to the COVID-19 global pandemic, including our highly successful $1.5…
Royal Caribbean Group today reported financial results for the second quarter of 2020 and commented on the business in light of the global COVID-19 pandemic. Second Quarter 2020 Starting on March 13, 2020 and due to the COVID-19 pandemic, the Company suspended…
There’s a rumor going around the industry that Carnival Corp are looking to sell the Cunard and Seabourn brands. The two lines could leave in a package deal. Carnival already announced that 9 ships would leave the fleet, then the…
With their ships laid up around Britain, this was just posted on their website. The entire fleet is currently laid up in Tillbury except for the Marco Polo which is in her homeport of Avonmouth, Bristol, UK. Current Fleet Marco…
Ultra-luxary operator Regent Seven Seas Cruises just took delivery of it’s latest newbuild. VIEW SEVEN SEAS SPLENDOR DECK PLANS The Seven Seas Splendor started sailing earlier this year carrying 750 passengers around Europe. The Italian built ship measures 734ft loa…
UPDATE 7/1/20: The Sovereign and Monarch have had all valuable equipment removed in Naples and will head to Aliaga, Turkey for scrapping. The Horizon will head to Athens to have equipment stripped, then she will head to Turkey. UPDATE 6/30/20:…
Ultra-luxary operator Silversea Cruises just took delivery of it’s very first destination-specific newbuild. VIEW SILVER ORIGIN DECK PLANS The Silver Origin was designed exclusively to sail year-round in the Galapagos islands. The all-suite, 100pax ship has just five passenger decks…
Norwegian Cruise Line Holdings Ltd. today reported financial results for the first quarter ended March 31, 2020, and provided a business update in response to the novel coronavirus (“COVID-19”) global pandemic. “In recent weeks, we have taken decisive action to significantly strengthen…
Royal Caribbean Cruises Ltd. today launched a $3.3 billion bond offering. They will use 28 ships as collateral. It’s not currently known if its 28 of the current and partially completed ships in the Royal Caribbean International fleet or 28…
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…