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 Today


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

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Repair 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: 0.0884 sec (11 req/sec)