From the Cruise Industry News Newsletter 2/18/11

What if?
In light of recent incidents, Cruise Industry News has talked to the U.S. Coast Guard, classification societies and marine engineering companies about what can go wrong, identifying the probabilities and consequences for certain events to happen, and the fact that safety costs money.

Growth Potential
The near term growth opportunity for the industry is in Europe, according to Pier Luigi Foschi, chairman of Costa Crociere, Michael Bayley, executive vice president of international for Royal Caribbean Cruises, and Steven Wieczynski, director and analyst at the financial firm of Stifel Nicolaus, who spoke in exclusive interviews with Cruise Industry News. But that potential is not as easily tapped as it may seem. The executives also discuss the potential of other markets, including South America and China.

With the latest order from Royal Caribbean Cruises, Cruise Industry News has updated the orderbook, which now stands at 22 ships to be built and delivered between now and spring of 2015. Click here to view the worldwide cruise-ship orderbook.

Royal Media
Royal Caribbean International has announced an exclusive agreement with Philip Levine and his newly formed company, Royal Media Partners, to transform its onboard port shopping services, starting Oct. 1. Levine outlined his approach and plans for Cruise Industry News.

For the full reports, please read the Feb. 18, 2011 edition of Cruise Industry News, the Newsletter, click here to subscribe.

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