WFW Advises TUI on $1.3Bn Take Over
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020. The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
Galveston Port, RCL to Develop Cruise Terminal
Miami-based cruise company Royal Caribbean Cruises Ltd. (RCL) will kick off construction of a third cruise terminal at the Port of Galveston in Texas next year.Both companies have approved a lease agreement to build a third cruise terminal at Pier 10 in Galveston with $100 million in construction cost.Through the public-private partnership, RCL will build the terminal, then lease it from the port for an initial term of 20 years, with four 10-year extension options.The two-story terminal will have a footprint of approximately 170…
Royal Caribbean Cruise Founder Dies
Army veteran-turned-Royal Caribbean Cruise Line founder Edwin W. Stephan passed away on Friday at 87 years old."We at Royal Caribbean mourn his loss and extend our deepest sympathies to the Stephan family," said a statement from the global cruise company said.In 1969 Stephan founded the Royal Caribbean Cruise Line, and his contributions helped create the modern cruise industry we know today. Under his leadership in 1970, the company launched Song of Norway, the first ship purpose-built for warm-water cruising.Since that initial voyage…
Cruise Lines in St. Lucia Terminal Pact
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and Royal Caribbean Cruises Ltd. (NYSE: RCL) signed a memorandum of understanding (MOU) with the government of Saint Lucia to form a joint venture to manage the existing cruise pier and terminal facilities in Saint Lucia, and to design, construct and operate a new cruise port on the island.Carnival Corporation and Royal Caribbean and the government of Saint Lucia will establish a long-term concession agreement to formalize…
Cruise Lines Invests $22 Bln in Clean Fuel Tech
Cruise Lines International Association (CLIA) said that its Cruise Lines have invested more than $22 billion in ships with new, energy-efficient technologies and cleaner fuels and achieved substantial progress.“While cruise ships comprise far less than 1% of the global maritime community, cruise lines are at the forefront in developing responsible tourism practices and innovative technologies. Our industry leads in environmental stewardship,” said Michael Thamm, Chairman of CLIA…
RCL Executive to Keynote Cayman WISTA AGM
Cayman’s Women’s International Shipping & Trading Association – WISTA Cayman Islands – has announced that Captain Patrik Dahlgren, Senior Vice President, Global Marine Operations at Royal Caribbean Cruises, Ltd will be the keynote speaker for the 2019 WISTA International AGM & Conference which is being hosted by WISTA Cayman from October 29, to November 1. Captain Dahlgren’s responsibilities span across six cruise brands with offices in Miami, London, Hamburg, Madrid and Shanghai.
Maritime Recordkeeping is Serious Business
In addition to fuel, modern ships also run on paper or their electronic equivalent. Vessels are required to keep written or electronic records of many things – and the list is growing.There is the traditional Ship’s Log, which records the vessel’s position, course, speed, weather, and unusual events to name a few. The Oil Record Book (ORB) has been around for a long time and tracks all movement of oil throughout the vessel, including its loading, consumption, and discharge (generally via the oily water separator and overboard discharge piping).
New Concept Guides the Way to Emission-Free Cruises
The cruise industry is facing more stringent requirements and regulations to emissions. In partnership with leading cruise lines, Norwegian technology suppliers have now developed a concept for zero-emission cruising.The concept has been developed in cooperation with Eker Design, cruise giants Carnival Corporation and Royal Caribbean Cruises Ltd, technology suppliers in the industry cluster NCE Maritime CleanTech and various interest organisations.Norwegian companies are world-leading in the development of maritime environmental technology.
Cruise Building: Growing, Cleaner and Not Always Bigger
2019 will be the biggest year ever for new ship introductions.The ships are coming. Cruise Lines International Association (CLIA) suggests that in the coming year 18 new ships are on order for CLIA cruise lines. The next few years will see the arrival of new cruise giants at PortMiami and Port Canaveral. But first they will need giant terminals.The Global Impact of Cruise LinesCLIA estimates 30 million travelers will cruise next year, up six percent from 28.2 million in 2018;…
RCL Confirms Sixth Vessel Order
Royal Caribbean Cruises Ltd (RCL) just gave confirmation of an order for Chantiers de l’Atlantique, according to a previous option agreement, to build a new Oasis-class cruise ship, due for delivery in the fall of 2023.“At her delivery, she will be the twenty third cruise ship built by our yard for Royal Caribbean Cruises Ltd, and we are especially proud of it”, said Laurent Castaing, General Manager, Chantiers de l’Atlantique."With her outstanding dimensions, the new 2857-cabin ship (hull A35) will belong…
Celebrity Cruises Installs SOLASOLV
British manufacturer of marine windows Solar Solve Marine has won a contract to supply 20 SOLASOLV anti-glare, heat rejecting roller screens screens to the bridge windows of the cruise ship Celebrity Millennium. Celebrity Millennium is owned and operated by Celebrity Cruises - a brand under Royal Caribbean Cruises Ltd (RCCL) and the second largest cruise line operator in the world. It is 294 meters long and has a 2,138 passenger occupancy with almost 1,000 crew.The ship travels…
Arison Take the Helm for FCCA
The Florida-Caribbean Cruise Association (FCCA), the trade association that represents the mutual interests between destinations and stakeholders in the Caribbean and Latin America and FCCA Member Lines, which operate 95 percent of the global cruising capacity, has announced that Micky Arison, chairman of Carnival Corporation & plc, will become chairman of the FCCA Executive Committee and Albino Supino Di Lorenzo, vice president of cruise operations for MSC Cruises USA, will become chairman of the FCCA Operations Committee…
Mein Schiff 3 Made Maiden Call at Sri Lankan Port
The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.
Panasonic Connectivity Services for TUI Cruises
Panasonic Avionics Corporation (Panasonic) announced that in partnership with its subsidiary, ITC Global, it has been awarded a four-year contract by TUI Cruises for connectivity services to two new-build cruise ships, Mein Schiff 1 and new Mein Schiff 2.The agreement establishes communication capabilities onboard the vessels serving guests and crew, enhancing the user experience during the cruise line's travels across international waters. Germany-based TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises, Ltd.
Royal Caribbean Buys $1 Bln Stake in Silversea Cruises
Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more than $5,000.In contrast, the most expensive cruises run by Royal Caribbean under its Azamara Club Cruises brand cost around $3…
Fetten Named CEO at MV WEFTEN
Maritime industry veteran Peter Fetten will take over as President & CEO of German shipbuilder MV WERFTEN as of May 1, 2018. Jarmo Laakso will remain as Managing Director and step into the position of COO to focus on cruise shipbuilding.Fetten was previously the Senior Vice President of Corporate Ship Refits at Carnival Corporation & PLC for the past nine years. He was also Vice President Newbuilding and Fleet Design of Royal Caribbean Cruises Ltd. for eight years and held several executive positions during his 16 years at Blohm+Voss Shipyard.
New Ships, Passenger Records Pace Global Growth
The relentless increases in luxury ocean and river travel that has propelled the cruise industry in 2017 to new passenger records is a clear indication that 2018 and the next five years will see a new era in global travel. Even as the Cruise Lines International Association (CLIA) counted up the record number of global cruise passengers in 2017, CLIA member cruise lines are scheduled to debut 27 new ocean, river and specialty expedition ships this coming year. Among the most interesting of those ships are the two new Ponant ships…
New Global Industry Alliance Established to Support Low Carbon Shipping
Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future. Thirteen companies have signed up to launch the GIA, under the auspices of the GloMEEP Project, a Global Environment Facility (GEF)-United Nations Development Program (UNDP)-International Maritime…
Port Everglades’ Terminal 25 Will Get a Facelift
An investment of more than $100 million from Broward County's Port Everglades will facilitate a complete makeover of Cruise Terminal 25, which will continue to be a preferential berth for Royal Caribbean Cruises, Ltd. (RCCL) as part of a new long-term agreement approved unanimously by the Broward County Board of County Commissioners. The new agreement replaces the current RCCL agreement, which expires at the end of 2017, and continues through September 30, 2026, with options to extend the terms for an additional four years, followed by an additional five years.
Port Everglades, Royal Caribbean Sign MOU
Broward County's Port Everglades has negotiated a Memorandum of Understanding (MOU) that provides the framework for a new long-term business agreement with Royal Caribbean Cruises, Ltd. (RCL) that will include complete, customized renovations of the Port's Cruise Terminal 25 targeted for completion by October 31, 2018. "Our cruise line customers are becoming more sophisticated in the way they think about the guest experience, as we saw when Royal Caribbean partnered in the construction of Cruise Terminal 18 for their Oasis class of ships," said Port Everglades Chief Executive Steven Cernak.
GPH to Acquire cruise terminal
International law firm Watson Farley & Williams (“WFW”) has advised Turkey-based cruise port operator Global Ports Holding (“GPH”) on the acquisition of stakes in companies managing cruise terminals in Italy. Specifically, GPH acquired stakes in the companies managing the Cagliari (Sardinia), Catania (Sicily) and Ravenna (Emilia-Romagna) cruise ports, previously owned by Royal Caribbean Cruises Ltd. (“Royal Caribbean”), Aloschi&Bassani S.p.A. and Bassani Ravenna S.r.l. Royal Caribbean will retain a minority stake in all three companies and Cagliari…
Celebrity Cruises Reveals Celebrity Edge
Richard Fain, the chief executive officer of Royal Caribbean Cruises Ltd.and Lisa Lutoff-Perlo, CEO of Celebrity Cruises—one of three brands in the Royal Caribbean family—announced a new category of ship that, among other transformational design moves, brings stateroom balconies indoors. Designed completely in 3-D, and featuring the work of A-list global architects and designers, the 2,918-guest Celebrity Edge aims to make discerning global travelers redefine how they experience the world and how intimate a vacation can be.
Thomson Cruises Acquires Second Royal Caribbean Ship
Royal Caribbean Cruises Ltd. has entered into an agreement to sell Legend of the Seas to Thomson Cruises in the UK. Legend will depart Royal Caribbean’s 25-ship fleet in March 2017 and immediately transition to its new owner. The 1,832-passenger ship will join the Thomson fleet in May 2017, and will sail under the name of TUI Discovery 2. The news comes nine days before the launch of the line's latest ship TUI Discovery - another former Royal Caribbean ship and a sister to Legend, Splendour of the Seas.
CLIA Taps Carnival CEO Donald as Global Chair
Cruise Lines International Association (CLIA) Board of Directors has appointed Arnold Donald, CEO of Carnival Corporation & plc, as Global Chair, effective January 1, 2017. Donald succeeds Adam M. Goldstein, President and COO of Royal Caribbean Cruises Ltd., who has served as CLIA Global Chairman since January 2015. “The cruise industry continues to grow and evolve at a record pace, making CLIA’s role more important than ever to act as a singular voice and advocate on behalf of the entire global cruise community…
Maritime Safety Research Center Opens
The Maritime Safety Research Center (MSRC) is an industry-university partnership, involving Strathclyde's Department of Naval Architecture, Ocean & Marine Engineering, Royal Caribbean Cruises Ltd (RCCL), and DNV GL. The world’s first center of its kind, the MSRC will aim to improve safety at sea through a close collaboration between industry and academia, that targets interdisciplinary, common-threaded research and development. The Maritime Safety Research Center was officially opened this week by the IMO Secretary General Kitak Lim…
FCCA Operations Committee Names New Chairman
The Florida-Caribbean Cruise Association (FCCA) announced the appointment of the new FCCA Operations Committee Chairman, Carlos Torres de Navarra, vice president of strategic and commercial port development, Carnival Cruise Line, effective January 1, 2017. Torres de Navarra oversees the strategic planning and execution with respect to port development and port-related commercial agreements. He also works with Carnival Corporation brands and destination stakeholders to optimize port strategies, and agreements as well as planning long-term strategies across regions.