Marine Link
Friday, September 30, 2016

Full Steam Ahead For Big Cruise Lines

August 10, 2000

Despite softening per passenger yields and unprecedented expansion, big lines have no plans on curtailing new deliveries.

Big cruise lines, despite a buffeting from soft ticket prices, are keeping to an expansion course calling for billions of dollars to be spent on ever-more elaborate ships meant to delight aging North Americans. Royal Caribbean Cruises Ltd. (RCL), the world's No. 2 cruise operator after Carnival Corp., last week showed off the latest addition to its fleet even as Wall Street analysts and travel agents warned that overcapacity was dragging down financial returns and creating great bargains for vacationers.

With a passenger capacity of 3,114, Royal Caribbean's Explorer of the Seas cost more than $500 million and is a near duplicate of the Voyager of the Seas launched last November as the world's biggest cruise ship.



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News