Norwegian Cruise Line flags “going concern” risk
A 14-page form 8-K filed with the SEC today by Norwegian Cruise Line’s parent Norwegian Cruise Line Holdings (NYSE: NCLH) paints a grim picture of the impact of the coronavirus on the
Cruise Ships
Carnival plans limited resumption of North American cruises
Carnival Cruise Line says it has advised guests and travel agents that it plans to phase in a resumption in its North American service this summer, beginning on August 1 with a
COVID-19: FMC to investigate how cruise industry can resume operations
Federal Maritime Commissioner Louis E. Sola will lead a fact finding investigation and work with key industry stakeholders to identify commercial measures passenger cruise lines can adopt to mitigate COVID-19 related impacts
American Cruise Lines reports rise in bookings
Guilford, Conn., headquartered American Cruise Lines reports that it is seeing a strong increase in demand across its domestic portfolio of river and coastal cruises. The company cites increased awareness of U.S.
Meyer Turku reports loss-making year, starts layoff negotiations
Finland’s Meyer Turku shipyard today disclosed financial results for 2019 that included a loss of EUR 107.9 million (about $117 million), compared with a profit of EUR 29 million in the prior
Wärtsilä develops design for 200-passenger expedition ships
Wärtsilä has booked an order to develop a customized design for up to six new luxury expedition cruise vessels capable of carrying 200 passengers. The ships will be owned and operated by
Antivirus paint developed for hospital surfaces could also protect ship crew and passengers
Nippon Paint Marine reports that its parent, Nippon Paint, and Corning Inc. have developed a special coating to protect workers from picking up viruses from painted surfaces. Though developed specifically for frontline
Five European countries cut cruise lines a break on export credit payments
The German Federal Ministry for Economic Affairs said today that Germany, along with four other European countries, is allowing cruise lines to temporarily suspend the repayment of export credits. the move is
Cruise industry pioneer Arne Wilhelmsen dies at 90
Arne Wilhelmsen, a founder of Royal Caribbean Cruises Ltd. (NYSE: RCL), and a visionary strategist of the modern cruise industry, died Saturday, April 11, 2020, in Palma, Spain. He was 90. Royal
CDC extends cruise ship No Sail Order
The Centers for Disease Control and Prevention (CDC) yesterday extended its No Sail Order for all cruise ships. “We are working with the cruise line industry to address the health and safety