While the Covid-19 pandemic lacerated the business performances of the cruise industry, the fleet capacity seems to have escaped destruction virtually unscathed, thanks to cool-headed confidence and prudent foresight.Read More
The 2022 full-year business performance figures of the three major listed cruise groups told a story of unquestionable recovery. They also brought to light all manner of woes in a complicated environment.Read More
Broadly speaking, the post-pandemic recovery of smaller cruise line businesses should follow the same path and pattern as that of major cruise groups. But this sector is far more diversified and differentiated. The performances have varied, with the upscale segment powering ahead.Read More
The loss of St Petersburg on Baltic itineraries has been a devastating blow for some, but a step up for others. It may take time, but the eastern Baltic has a golden opportunity to realign itself as an attractive destination in its own right.Read More
Richard Fain has announced his retirement from the position of CEO of Royal Caribbean Group (RCG), effective from 3 January 2022, after 33 years at the helm. He will be succeeded by Jason Liberty, the current CFO of the Miami-based cruise conglomerate. Fain will remain chair of the board. Liberty will take over at a...Read More
SunStone Ships is moving ahead with plans to place an order for a number of newbuildings. The Miami-based expedition cruise ship tonnage provider is working on the specifications of what will be known as the Boundless class of ships, CEO Niels-Erik Lund told CruiseTimes. “Next week the specification will be finished, and next week we...Read More
Global Ports Holding plc (GPH), the world’s largest cruise port operator, signed a 20-year lease agreement for the port of Kalundborg in Denmark in mid-October to provide services to cruise passengers. Kalundborg Cruise Port marks GPH’s entrance to the northern European cruise market. The company will be positioning Kalundborg as an alternative homeport to Copenhagen...Read More
In early November, the Finnish cruise ferry operator Viking Line said it would temporarily switch to using oil instead of LNG as fuel on its flagship, the 57,656-gross-ton cruise ferry Viking Glory, because the price of LNG had trebled since the spring. Several other shipping companies have done the same. The high price of LNG...Read More
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