Shipbuilding & Repair: Booming Repair Business
With a steady stream of new ships entering service, the fleet that requires regular, periodic maintenance grows bigger, generating more work for shipyards closer to the sailing regions around the world. In addition, the new state-of-the-art ships also accelerate the need to have older ships modernized – or revitalizes as is the industry term –…
Shipbuilding & Repair: Building Back on Course
With 35 cruise ships under construction or on order (or option) for deliveries through 2011, the three yard companies that build cruise ships are nearly fully occupied for the next three years, with slots only opening up for 2010 and beyond. The current orderbook has an estimated value of about $21 billion, averaging approximately $199,240…
New Ships: Is Bigger Better?
Cruise companies share the same objective: that is to make as much money as possible. Yet, the business models of the two largest companies, Carnival Corporation and Royal Caribbean Cruises, are different. Royal Caribbean thinks the best course to profits is with bigger ships; Carnival thinks the best course is with big ships, but not…
Editorial: An Energetic and Innovative Industry
Record Orderbook: The cruise industry is back on its growth course with a record orderbook, including new generations of mega-ships that will undoubtedly take cruising to a new level by attracting ever broader markets. In addition, existing classes of ships are evolving – offering more passenger comforts and features than ever – promising to satisfy…