Carnival Corporation Announces Pricing of 5.75% Convertible Senior Notes due 2027
Carnival Corporation announced that it has priced a private offering of $1 billion aggregate principal amount of its 5.75% convertible senior notes due 2027 as part of the Company’s 2024 refinancing plan. The Convertible Notes will pay interest semi-annually on June 1 and December 1 of each year, beginning on June 1, 2023, at a…
China-Based Cruise Ships Remain Out of Service
With the industry returning to pre-pandemic levels around the world, China remains the only major cruise market where vessels remain out of service. Cruise Industry News looks into the ships that are still waiting to resume revenue operations in the region. Costa Atlantica Company: Carnival China (CSSC) Built: 2000 Capacity: 2,100 guests Tonnage: 86,000 After being handed…
Norwegian: Relaxing COVID-19 Protocols Positive Move
Norwegian Cruise Line Holdings has noted that the lifting of COVID-19 protocols, for both the cruise industry and countries globally, has helped remove barriers to booking a cruise. President and CEO Frank Del Rio said the COVID-19 related rules were the number one reason customers were not booking cruises. “These developments have paved the way…
P&O Cruises Reveals How to Save Thousands on Added Extras
P&O Cruises announced how guests on cruise holidays could save up to more than £1,600 on the cost of day-to-day holiday spending, according to a consumer expert Alice Beer. The usual holiday extras such as meals, travel and entertainment, outdoor activities, and cinema tickets could amount to more than £1,000 for two adults. The amount…
Norwegian Cruise Line Confident on Europe 2023 Despite Baltic Limitations
Norwegian Cruise Line Holdings is increasing its capacity by six percent in Europe in 2023, coming at the expense of the Caribbean, according to Frank Del Rio, president and CEO, speaking on the company’s third quarter earnings call. He said that yields on ticket prices and onboard revenue for cruises in Europe were “dramatically better.”…
Costa Cruises 2022-2023 Deployment Breakdown
A total of eight ships are set to be in service for Costa Cruises during the 2022-2023 winter cruising season. In addition to a strong presence in South America, the company will offer itineraries in Europe, the Caribbean and the Middle East. The season will also mark the return of Costa’s traditional world cruises, with…
Norwegian Cruise Line Eyeing New Markets, Alaska, Europe with Growing Fleet
With what he called a relatively small sized fleet of 29 ships, Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings, explained he was confident the company can absorb its incoming capacity growth. That includes five more Prima class ships for Norwegian Cruise Line, one newbuild for Regent Seven Seas Cruises and two…
MSC Cruises’ World Europa Arrives in Doha
On November 10, MSC Cruises’ new ship, the World Europa arrived in Doha, Qatar where the christening ceremony will take place. The christening ceremony will take place on November 13, in Doha, the capital of Qatar at the Grand Cruise Terminal. The World Europa was delivered from Chantiers de l’Atlantique, Saint-Nazaire, France, in October. After…
Cruise Stocks Soar on Market Rise
Cruise line stocks surged on Thursday along with the market which went up on better-than-expected inflation reports. Carnival Corporation saw its shares soar 14.3 percent, closing at $9.78, compared to a 52-week low-high of $6.11 to $23.86. Royal Caribbean saw a 9.9 percent rise to $57.72 from a 52-week range from $31.09 to $90.55. Norwegian…
Carnival Postpones Cruise Departures Due to Tropical Storm Nicole
Carnival Cruise Line is postponing the embarkation dates of two different cruises due to the Tropical Storm Nicole. According to the company’s weather alert page, the Carnival Elation and the Carnival Paradise will now depart one day later than scheduled. The Elation’s Nov. 10 departure is now expected to sail on Nov. 11 as a…
Enchanted Princess Completes First Year in Service
The Enchanted Princess just completed its first year in service for Princess Cruises. Delivered by the Fincantieri shipyard in September 2020, the vessel remained out of service for 14 months due to the COVID-19 pandemic before starting revenue operations on November 10, 2021. On that day, the Enchanted departed Fort Lauderdale for its inaugural cruise…
Norwegian Cruise Line: Guest Mix Will Drive Performance Despite Economy
Norwegian Cruise Line Holdings sees its guests as willing to spend on travel and experience, thanks to its upmarket brands in Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, according to Frank Del Rio, president and CEO, speaking on the company’s third quarter earnings call on Tuesday. “Within the cruise industry, we believe…
P&O and Vanuatu Partner to Enable Return to Cruising
P&O Cruises Australia has partnered with Vanuatu authorities to collaborate and restart cruising to the area, according to a press release. Two P&O cruise ships will depart from Australia in November to test protocols and procedures in Vanuatu, paving the way for the resumption of cruising to the archipelago, according to the company. “Following on…
American Queen Voyages Releases 10th Anniversary Video
American Queen Voyages has released a new video providing a detailed narrative of the company’s 10-year history. Narrated by American Queen Voyages’ Founder and Chairman John Waggoner, the video showcases the company’s early beginnings as a one-vessel cruise line with the acquisition of the American Queen to the seven-vessel fleet that will be sailing this…
Virgin Voyages Debuts Newest Mermaid for Resilient Lady
Virgin Voyages has debuted its newest mermaid meant for the Resilient Lady, which launches in August 2022. According to a press release, at the helm of the 110,000-ton vessel is the Latina mermaid designed by oil painter and muralist Jodie Herrera. The mermaid is meant to be an emblem and guardian of the ship. According…