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

People & Company News

Barge Master Launches Fit-for-Purpose Gangway

Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

Maersk Venturer to Drill for Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.0678 sec (15 req/sec)