RCL Profits Rise, Shares Fall

Thursday, January 25, 2001
Royal Caribbean Cruises Ltd (RCCL), the world's number two cruise group, said on Thursday that profits rose 16 percent to a record in 2000 but predicted stiff competition in 2001. RCCL shares dipped 13.5 Norwegian crowns ($1.50) to 239.5 on the Oslo bourse after trading around 250 just before the results, which were slightly below analysts' forecasts. The group said earnings per share rose to $2.31 in 2000 from $2.06 in 1999, or net earnings of $445 million from $384 million. But fourth quarter earnings per share fell to $0.16 from $0.19 on net earnings of $38 million versus $30 million. Revenues for the fourth quarter were up to $642 million from $584 million. The EPS for the full year was just below expectations in a Barra survey of 20.87 Norwegian crowns ($2.32) for 2000. One analyst said revenues were also lower than forecast. "Our core products continue to perform well, allowing us to introduce new itineraries and develop new markets for future growth," said Richard D. Fain, chairman and CEO of Royal Caribbean Cruises Ltd.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

MAN GenSets for Chilean Fishing Vessel

MAN Diesel & Turbo received an order for three MAN 6L21/31 gensets to power a wellboat newbuilding for Patagonia Wellboat, the Chilean fish-farming operator. The

Zentech to Perform ZAIMS Work on Brazilian Aircraft Carrier

Zentech’s President Ramesh Maini announced that the company has been awarded a contract to perform an inspection and evaluation of the hull steel for the Naval Aircraft Carrier São Paulo,

LNG Tanker Due in UK Around May 6

Britain's Isle of Grain liquefied natural gas (LNG) import terminal is set to receive the GDF Suez Point Fortin tanker on around May 6, live ship-tracking data on Reuters Eikon shows.

Cruise Ship Trends

Port of Seattle’s Cruise Season Underway

The Port of Seattle’s 2015 cruise season began May 1 at Smith Cove Cruise Terminal with the arrival of the Holland America Line Westerdam. The port expects 192 cruise ship calls this season,

Big Waves Pound, Cruise Ship Diverts Course

Carnival Imagination, a cruise ship headed to dock in Long Beach, was diverted to San Diego Sunday due to forecasts of high surf in Long Beach.   Vacation-goers

NZ Ports to Turn Away Cruise Liner

Radio New Zealand says that ports of Auckland is set to turn away one of the world's largest cruise ships after agreeing with its council-owner not to build one of two planned wharf extensions.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1599 sec (6 req/sec)