Seven Seas Splendor Named in Miami
Godmother and international icon Christie Brinkley named Seven Seas Splendor in a star-studded ceremony during black-tie festivities Friday evening at PortMiami.The Luxury ocean cruise line Regent Seven Seas Cruises stated that Seven Seas Splendor is the sister of 2016's Seven Seas Explorer."Every ship we launch gets even better, and Seven Seas Splendor is magnificent," said Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings Ltd. "The collaboration between the designers…
NCL Plans Crew Training facility in Manila
The third-largest cruise line in the world Norwegian Cruise Line (NCL) announced plans for the development and construction of the Norwegian Cruise Line Center of Excellence, a new shipboard seafarer training facility near Manila in the Philippines.The Center, which will serve both new and existing crew and provide training for various service-related jobs, is due to open in late 2020, said a press release from Norwegian Cruise Line Holdings.Norwegian said the facility will be "designed to provide trainees with realistic work and living experiences aboard a cruise ship…
Fincantieri to Build Two New Ships for Norwegian's Oceania Cruises
The largest shipbuilder in Europe Fincantieri and the US Group Norwegian Cruise Line Holdings Ltd. signed a contract for the construction of two new generation cruise ships for the Oceania Cruises brand, with delivery scheduled respectively in 2022 and 2025, which will start the “Allura-Class”.The agreement has an overall value exceeding 1 billion euros.With about 67,000 tons and the capacity of accommodating approximately 1,200 passengers on board, these units will be the new flagships of Oceania Cruises future fleet…
Norwegian Cruise Line Profits Up
Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year. The cruise operator said in a investor release that its total revenue increased 12.5% to $1.9 billion. Gross Yield increased 4.5%. Net Yield increased 4.0% on a Constant Currency basis, outperforming guidance by 50 basis points. Norwegian expects to generate record earnings in full year 2018 and has increased its outlook above the high-end of its previous guidance range.
Norwegian Joy is US Bound
Norwegian Cruise Line’s first ship custom-designed specifically for the Chinese cruise market will be repositioned to sail from the United States starting in 2019.The nearly 4,000 passenger cruise ship Norwegian Joy is slated to sail seasonally from Seattle to Alaska in summer 2019 before making voyages to the Mexican Riviera and Panama Canal from Los Angeles in winter 2019/2020.Built by German shipbuilder Meyer Werft in 2017, the 1,094-foot-long, 167,725 gt Norwegian Joy was designed with finishes and amenities tailored specifically to the tastes of Chinese guests.
The Cruise Industry Business Model Evolves
Shifting populations, desirable destinations and yes – economics – drive the cruise industry of tomorrow. Unlike the cargo side of shipping, the cruise business has seen a steadily upward trajectory, with steady growth over decades. The 2018 annual “State of the Cruise Industry” report from Cruise Lines International Association (CLIA) was projecting a count of 27.2 million passengers for 2018, showing a steady rise from the 19.1 million, the figure for the beginning of the decade, and a substantial increase from 25.8 million in 2017.
Norwegian Cruise Line, Port of Seattle Ink 15-year Lease
The Port of Seattle signed a 15-year lease with Norwegian Cruise Line Holdings (NCLH) parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The deal secures NCLH ships in Seattle for the full term of the lease and provides passenger volume guarantees estimated to bring $73 million dollars of revenue to the port. “We thank Norwegian Cruise Line for their commitment to Seattle and the Alaska cruise business,” said Commissioner John Creighton. “Cruise in Seattle means $440 million in annual economic impact for this region.
Montague named Prestige Cruise President, COO
Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) announced today that Jason Montague has been named President and Chief Operating Officer of Prestige Cruise Holdings, Inc. effective today, following the resignation of Kunal S. Kamlani. Montague was instrumental in launching Oceania Cruises in 2002 and is widely regarded as one of the original co-founders of the company. "As we continue to refine the future organization, Jason stands out as a leader who is knowledgeable about the brands and is so passionate about them…