Cruise Industry News – From the Newsletter, March 3, 2010

Norwegian Reports Results

Norwegian Cruise Line has reported net income of $67.2 million on revenues of $1.9 billion for the year ended Dec. 31, 2009, compared to a net loss of $211.8 million on revenues of $2.1 billion for 2008.

Norwegian said that year-over-year booking volume continues to be positive for 2010 and that on a cumulative basis, 2010 pricing on the books is ahead of 2009 and net per diems for passenger ticket revenue on recent booking activity is above the prior year levels in all quarters.


Cruise Industry News has compared net year-end earnings and line costs for the three largest cruise companies, Carnival Corporation, which reported 65.5 million passenger cruise days in 2009; Royal Caribbean Cruises, which reported 28.5 million; and Norwegian Cruise Line, which reported 9.2 million. When comparison and earnings are based on millions of passenger cruise days even a few pennies will quickly add up and dollar differences become millions.

More New Ships

MSC has announced that it has signed a letter of intent with STX France for the building of the previously named Favolosa for delivery in June 2012.

And there is more: Tsunami warnings affected Pacific and Hawaii cruises; Aruba’s new minister of tourism shares his vision with Cruise Industry News; Steiner Leisure and the TUI Group report earnings; Fincantieri helps suppliers gain access to better credit terms; Carnival reinstitutes dividend payments; Celebrity introduces the QSINE restaurant and cuisine; V.Ships contracts Lloyd’s Register to secure Maritime Labor Convention compliance, and there is even more. 

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