Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 that included a U.S. GAAP net loss of $5.8 billion compared to net income of $1.9 billion
Royal Caribbean Group (NYSE: RCL) reports that it has entered into a definitive agreement to sell its three-ship Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and
Royal Caribbean Group’s ultra luxury brand Silversea Cruises reports that its ninth ship, Silver Moon successfully carried out her sea trials between August 8 and August 20, traveling between Fincantieri’s Ancona, Italy,
The no sail orders imposed in response to the coronavirus pandemic continue to put the cruise industry under huge financial pressure. Royal Caribbean Group (NYSE: RCL) today reported a U.S. GAAP net
As the cruise industry struggles to win approval to start sailing again, two major players, Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd., have set up a panel of public health
Cruises Investment Holding and Royal Caribbean Group report that they have filed for the reorganization of their Pullmantur Cruceros joint venture under the terms of Spanish insolvency laws. Cruises Investment Holding owns
Royal Caribbean’s Silversea Cruises brand is preparing to take delivery of its new ship Silver Origin, following a remarkable display of resilience and ingenuity by its builder, the De Hoop shipyard in
More cruise lines have followed Carnival Corporation’s Princess Brand in announcing suspensions of sailings. They include Royal Caribbean Cruise Line which said today that, beginning midnight tonight, it will pause its fleet’s
Royal Caribbean Cruises Ltd (NYSE: RCL) today reported that due to the spread and recent developments related to the COVID-19 outbreak, the company has increased its revolving credit capacity by $550 million
After a week of downbeat news from the cruise industry, here’s one positive story. In what’s claimed as a first in maritime history, Celebrity Cruises’ Celebrity Edge departed Port Everglades yesterday with