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

People & Company News

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar 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: 0.1099 sec (9 req/sec)