OSG/Celebrity 1996 Results

Overseas Shipholding Group (OSG), which owns 49 percent of Celebrity Cruises, reported net income for the year ended Dec. 31, 1996, of $2.5 million, or $0.7 per share, on revenues of $455.9 million, compared to a net loss of $8.6 million, or $0.24 per share, on revenues of $413.9 million in 1995. Included in the 1996 results is a net gain of $3.8 million from the sale of tankers compared to a similar gain of $1.8 million in 1995.

OSG also said that the continued highly competitive pricing environment for Celebrity Cruises was reflected in the company’s 1996 results.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

62 Ships | 142,732 Berths | $46.7 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Instant Access
  • Order Today