Cruise Industry Set to Increase Jobs in Europe

Tuesday, February 06, 2007
The growing popularity of cruise vacations and European shipyards’ dominance of global cruise ship orders is set to have a major impact on jobs, wealth creation and inbound tourism in Europe, according to the results of a “European Cruise Contribution” report released at a major conference in Brussels. “This is the first time that figures have been available to demonstrate the full economic value and scale of the total cruise industry in Europe,” said Mr Pier Luigi Foschi, chairman of the European Cruise Council (ECC) and chairman and chief executive officer of Costa Crociere SpA. The ECC commissioned the report together with Euroyards, MedCruise and Cruise Europe. “Cruise companies, shipbuilding yards and cruise passengers now account for €8.3 billion of direct expenditure in Europe and we expect this to increase by 50 per cent to €12.7 billion by 2010,” said Mr Foschi. “We can also confirm that the cruise industry is already responsible for more than 180,000 jobs across Europe and our analysis shows that this could grow by more than 50,000 to top a quarter of a million jobs by 2010.”

Europe’s position as the world leader in cruise ship design and construction is helping to drive this growth. During 2005 the global cruise industry spent an estimated €3.1 billion on cruise ship construction and maintenance in Europe – over 35% of the total direct European cruise business expenditure. This is expected to rise by more than a billion euros to €4.4 billion by 2009. European shipyards are building ten large ships a year for the next two years and have orders for over 95 per cent of new cruise ship orders between now and 2010, worth more than €18 billion. Within Europe, 2.6 million cruise passengers embarked on their cruises from European ports in 2005, ninety per cent of whom were European nationals. On average, these passengers spent €100 at each embarkation port city and another €50 at each port visit on their cruise itinerary. Their holidays generated 13 million passenger visits to European ports.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Holland America Line & Seabourn names Kammerer is V.P

Mark Kammerer has been named vice president, international marketing and sales for Holland America Line and Seabourn. In this role, he will be responsible for the companies’ sales offices in the U.

Cruise Ship Returns to Texas after Ebola Concern

The Carnival Magic cruise ship was en route back to the United States on Saturday with a passenger from Texas who might have handled specimens of the first Ebola

Kiel's 2014 Cruise Shipping Season Ends

Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands.

Salvage

Boater Rescued from Sailboat Blaze

The U.S. Coast Guard assisted with the rescue of a boater Monday after the man's 33-foot sailboat caught fire five miles west of Windmill Point in the Chesapeake Bay.

WWII Wrecks Found 30 Miles off US Coast

The wreck of a World War Two German U-boat and a freighter that sank 72 years ago have been discovered off the North Carolina coast by U.S. researchers, officials said.

Sunken Barge Salvage Stops Traffic on Chicago River

The U.S. Coast Guard said it is restricting vessel traffic on the Chicago River to allow for salvage of a sunken barge. All cargo has been removed from the sunken

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1384 sec (7 req/sec)