Silversea Affirms Line’s Financial Strength

Wednesday, October 31, 2001
Silversea Cruises' CEO Albert Peter affirmed the continued support of its financial institutions and shareholders during this time of transition in the travel industry. "There is no doubt that these challenging times have had an impact on people's comfort level with travel. Unfortunately, the fallout from the events of September 11, coupled with the recent demise of two cruise companies, provides fertile ground for industry speculation and rumors. I want to assure our travel agent partners and our guests in particular that Silversea has the proper financial resources in place," Peter said. "We have been fortunate that the financial consequences of September 11 are covered by insurance policies. It has always been the company's policy to seek insurance for events which could jeopardize its financial stability.

This strategy now proves to be very instrumental for the company. We will continue to operate our global itineraries with the uncompromised product our guests have come to expect from the world's leading luxury cruise line." Peter continued, "Silversea is moving forward with a strategic plan for operating in this new business and world environment. Understanding this, any decisions made during this time of transition are strategic moves to keep us strong as part of a long-term business plan."

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

People & Company News

Lifting Specialists Modulift, IMES form Joint Venture

Lifting industry specialists Modulift and IMES have formed a joint venture to offer an integrated management service to clients internationally.   The two companies

Chinese PM Inks 2 Agreements During CMA CGM Visit

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.

Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.2252 sec (4 req/sec)