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

Legal

Dispersants ... Will we ever be able to use them again?

On January 22, 2015, the Environmental Protection Agency (EPA) published a Proposed Rule on dispersants. The Proposed Rule drastically changes the EPA’s approach

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Fishing Vessel Skipper Fined for Collision

The skipper of a fishing vessel that collided with a ferry was fined after pleading guilty for failing to keep a proper lookout. The skipper, Lindsay Haugh, of the fishing vessel Onward N336,

Cruise Ship Trends

Royal Caribbean Cuts Profit Forecast

Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar.   Shares

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

First Steel Cutting for Seabourn Encore

The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1828 sec (5 req/sec)