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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0844 sec (12 req/sec)