Repercussions From Damaged Ship Propeller Expected to Drive Down RCCL's 2Q Profits

Tuesday, June 05, 2001
Celebrity Cruises said on Monday it expects the cancellation of a 14-day European voyage as a result of a damaged ship propeller to drag down second-quarter profits of parent Royal Caribbean Cruises Ltd.

The company said repairs, refunds and other compensation to the 1,696 passengers aboard its Galaxy ship will hurt Royal Caribbean's profits for the quarter by $.04 to $0.5 a share. Analysts had on average estimated earnings for Royal Caribbean, the world's number two cruise group behind Carnival Corp., at $.40 a share.

Celebrity canceled the cruise so a damaged propeller on the Galaxy can be repaired, spokeswoman Lynn Martenstein said.

Celebrity staff continued to investigate, but suspect Galaxy's port propeller was damaged on Saturday as the 858-ft. (261.5-m) ship moved through a lock in Holland, according to Martenstein.

A diver found one eight-foot (2.43-m) blade was bent and three others, each weighing 3.5 tons, were scratched.

Galaxy, which returned to port in Amsterdam over the weekend, will enter dry dock on Wednesday at the Blohm & Voss yard in Hamburg, Germany, to fix the propeller, one of two on the ship, Martenstein said. Galaxy should resume sailing on June 16. "This is a pretty easy fix," Martenstein said. "We have all the materials on hand."

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


U.S. Ups Philippines Aid as South China Sea Turmoil Builds

The United States has raised its military aid to the Philippines this year to $79 million, the U.S. ambassador said on Wednesday, as tension rises in the region

BWM Convention Doesn't Resolve U.S. Issues - ICS

ICS notes that the IMO Secretary General has announced that the Ballast Water Management Convention will enter into force worldwide from 24 November 2016, following

Maritime Cook Islands Expands Network to India

Maritime Cook Islands (“MCI”), the leading ship registry, has recently established its presence in India with the appointment of two deputy registrars (“DR”),

Cruise Ship Trends

First Cruise Ships Dock at Abu Dhabi’s New Stopover

Abu Dhabi Ports─the master developer, operator and manager of ports and industrial zones in the Emirate―has started welcoming cruise liners at Sir Bani Yas Island,

Five P&O Cruise Ships Meet in Sydney

Sydney is the stage for the biggest get-together of a fleet of cruise ships ever seen in the harbor city.    Five P&O cruise ships have created a V-formation

Turbocharger Retrofits for Royal Caribbean

MAN PrimeServ informs it has won the contract from Royal Caribbean Cruises Ltd. (RCCL) to retrofit the turbochargers aboard four cruise liners from its fleet.   The

Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
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: 0.0754 sec (13 req/sec)