News

Jason Liberty to succeed Richard Fain as Royal Caribbean’s CEO

Jason Liberty to succeed Richard Fain as Royal Caribbean’s CEO

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...
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SunStone’s Boundless-class project moves ahead

SunStone’s Boundless-class project moves ahead

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...
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Global Ports Holding looks to expand Baltic portfolio

Global Ports Holding looks to expand Baltic portfolio

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...
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Soaring LNG price an unexpected development for users

Soaring LNG price an unexpected development for users

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...
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Cruise-ship values partially recover

Cruise-ship values partially recover

The values of second-hand cruise vessels have staged a partial recovery after the industry started to resume operations, but older ships may never again command...
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Listed majors’ net losses increased in third quarter

Listed majors’ net losses increased in third quarter

The three largest listed cruise groups continued to book massive losses in the third quarter of 2021 despite gradual resumption of operations, figures released by...
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Long-term debt burden increases

Long-term debt burden increases

Long-term debts of the three listed major cruise groups increased by 13.1%, year on, to a total of $58.6 billion at the end of the...
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Gradual return to normal operations continues

Gradual return to normal operations continues

Resumption of operations is scheduled to continue. The three largest cruise shipping groups have published plans to bring more ships back to service in the...
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Bullish outlook, but Covid-19 not out of picture yet

Bullish outlook, but Covid-19 not out of picture yet

The outlook for 2022 is much better than what the industry has been forced to endure in the past two years. But bookings took a...
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