Royal Caribbean News

Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand.The number of people taking cruises hit a record in 2023, and with the surge in demand and larger vessels, labor needs are growing. Tourism boards and port operators from around the world said Royal Caribbean is looking to hire worldwide and the company confirmed it will hire around 10…

Meyer Turku Group's results for 2023 indicate the company's turnover was 1.43 billion euros, which means a growth of 10.6% compared to the previous year.Both the turnover and the number of personnel have been growing for three consecutive years. The loss for the financial year 2023 was 103.8 MEUR (i.e. -7.2% of the turnover).The fiscal year 2023 of the shipyard company was affected by the ship deals that were closed before the covid pandemic, the new prototype ship project and the loss provision for the ship to be delivered in 2024.Beyond that…

Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.Expectations for cruise operators have generally become high after strong booking trends and demand drove up their results and shares last year.Shares of Norwegian and its rival Carnival have seen their growth temper from those highs, in part due to concerns around cost pressures and their brands' exposure to the Middle East conflict.Meanwhile…

Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.Founded in 1997, Viking provides destination-focused itineraries including a shore excursion at every port and an onboard and onshore program through performances of music and art, cooking demonstrations, port talks and guest lect

Carnival's Princess banner is revising itineraries of two of its cruises undertaking a global voyage next year, amid uncertainties in the Red Sea, the cruise operator said on Tuesday.The company said the banner's two "2025 World Cruises"—Island Princess and Crown Princess—would no longer be visiting the Middle East and Asia, and instead would offer new port stops in Africa and Europe.Cruise operators such as Carnival and rival Royal Caribbean are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal…

Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap with land-based vacations and give their profits a lift."What transpired over the past three months was even better than our already elevated expectations," Royal Caribbean Group CEO Jason Liberty said.

Royal Caribbean Group announced to has tapped Bert Hernandez to succeed Barbara Muckermann as president of its Silversea brand.Most recently serving as senior vice president, international, Hernandez has been with the Royal Caribbean Group for the past 20 years. He previously served as president of China operations for Royal Caribbean International and was chief operating officer for the group’s former luxury cruise line, Azamara.Muckermann is departing Royal Caribbean Group after 14 years with Silversea to pursue other opportunities…

Americraft Marine, one of the maritime subsidiaries of Libra Group that owns and operates a Jones Act shipbuilding facility in Palatka, Fla., has announced the appointment of Peter Fetten as Chairman of Americraft.A seasoned leader with four decades in the marine engineering and shipbuilding sectors, Fetten will help shape the strategic direction of Americraft Marine as it works to advance U.S. shipbuilding and the demand for Jones Act vessels. Americraft Marine's St. Johns Ship Building…

Singapore-based Seatrium has secured a series of major contracts for vessel repairs, upgrades and conversions, set for completion by the end of 2025.With an aggregate value of S$350 million ($259 million), the contracts have reinforced Seatrium’s reputation as a one of the market leaders in vessel repairs, upgrades and conversions.The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU)…

Royal Caribbean Group has suspended cruise visits to Labadee, a secluded peninsula in Haiti, for the next seven days following months of escalating gang violence in the country, a senior company executive said in a Facebook post on Thursday.The company will continue the suspension as required with three days advance notice to guests sailing on impacted itineraries, Royal Caribbean International President and CEO Michael Bayley said.Violence by powerful armed gangs had gripped Haiti, causing thousands to flee their homes, after anti-government protests broke out early in February.The violent cl

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

Royal Caribbean Group announced it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique to order a seventh Oasis Class ship for delivery to its Royal Caribbean International fleet in 2028.“While we eagerly anticipate the debut of Royal Caribbean’s Utopia of the Seas this summer, we’re already dreaming up her sister ship and the next installation in the brand’s extremely popular Oasis Class,” said Jason Liberty, president and CEO, Royal Caribbean Group.

The Port of New Orleans (Port NOLA) reports its cruise passenger numbers are back to pre-pandemic levels. The port said Monday that it finished calendar year 2023 with nearly 1.2 million cruise passenger movements and renewed commitments to the New Orleans cruise market from both oceangoing and river cruise lines.“The cruise business has rebounded in New Orleans and cruise line partners are confident in our Port NOLA cruise market,” said Port NOLA president and CEO Brandy D. Christian.

Royal Caribbean Group projected 2024 profit above Wall Street expectations after robust demand for cruise vacations and steeper ticket prices helped it beat fourth-quarter earnings estimates on Thursday.With travelers opting for cruises instead of more expensive land-based vacation options, operators are experiencing record levels of bookings compared to pre-pandemic levels, giving them enough room to mark up ticket prices."2023 was an exceptional year, propelled by unmatched demand for our brands from new and loyal guests…

Carnival said on Tuesday that its annual earnings would take a hit as the cruise operator reroutes its ships that were due to pass through the Red Sea, a key transit route linking Asia and Europe.A growing list of companies have rerouted vessels as the Houthis, a Yemeni militant group, steps up attacks on Israeli ships or ships heading towards Israel, in solidarity with the Palestinians.The rerouting by Carnival is expected to have an impact of 7 cents to 8 cents on its adjusted earnings per share for full-year 2024, with the majority of the impact coming in the second quarter.

The world's largest cruise ship is set for its maiden voyage on Saturday, but environmental groups are concerned that the liquefied natural gas-powered vessel - and other giant cruise liners to follow - will leak harmful methane into the atmosphere.Royal Caribbean International's Icon of the Seas sets sail from Miami with capacity for 8,000 passengers across 20 decks, taking advantage of the surging popularity of cruises.The ship is built to run on liquefied natural gas (LNG), which burns more cleanly than traditional marine fuel but poses greater risks for methane emissions.

Cruise operator Carnival on Friday joined the growing list of companies flagging a potential hit to their operations following attacks on ships in the Red Sea by the Iran-backed Houthis."We believe that the instability in the Red Sea region currently impacting shipping could have an impact on our results of operations," Carnival said in a regulatory filing.The company's U.S.-listed shares fell nearly 2% in morning trade.The attacks, which the Houthis say are in support of Palestinians in Gaza…

“Turku is building the real big ships,” said Meyer Turku CEO Tim Meyer.Meyer is not exaggerating. The yard’s latest newbuild, Icon of the Seas—the first ship of Royal Caribbean’s Icon class—is 248,655 GT, making it the largest cruise ship ever constructed.In general, the cruise ships rolling out of the nearly 300-year-old Finnish shipyard have been steadily increasing in size since the Meyer Group took full ownership in 2015. “We are proud to say Turku has been a first-mover in building these big new classes for Royal Caribbean…

Royal Caribbean Group on Thursday lifted its full-year profit forecast for a third time and said bookings for the next year were "significantly outpacing" pre-pandemic levels by a wide margin, sending its shares up about 3%.Cruise operators are reaping the rewards as travelers gravitate to cruise vacations that are cheaper compared to taking a land-based holiday.This has given the companies the ability to hike itinerary prices, especially in North America and Europe, as occupancy…

Fincantieri signed a "green" construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked to the construction of the Mein Schiff Relax, the first of two newly designed dual-fuel inTUItion class cruise ships (Liquid Natural Gas - LNG and Marine Gas Oil - MGO) that Fincantieri is building for TUI Cruises, a joint venture between the TUI AG and Royal Caribbean Cruises.

Finnish shipbuilder Meyer Turku on Monday delivered the world's largest cruise ship, the 248,655 GT Icon of the Seas, to U.S.-based Royal Caribbean International.The 365-meter-long cruise ship has 20 decks (including 18 guest decks) and surpasses the previous world's largest, Royal Caribbean's Oasis-class Allure of the Seas. With 2,805 staterooms, Icon is able to carry 5,610 passengers at double occupancy, or up to 7,600 passengers if every cabin is maxed out—another cruise industry record.

Royal Caribbean Group is removing Israel from its 2024 itineraries due to the Israel-Hamas war, according to an email sent to travel agents on Thursday seen by Reuters, making it the second major U.S. cruise operator to alter its plans over the conflict.The Miami, Florida-based cruise operator is modifying itineraries as late as October 2024 for its Royal Caribbean International unit that stops in Israel, the email said.Travel has declined sharply across Israel and the Palestinian territories of Gaza and the West Bank.

Celebrity Cruises announced it has taken delivery of its latest newbuild, the 141,420 GT Celebrity Ascent, built by Chantiers de l'Atlantique shipyard in St. Nazaire, France. The fourth cruise ship in the line's Edge Series, Celebrity Ascent is 1,073 feet long with a 128-foot beam, 27-foot draft and capacity for up to 3,260 passengers. Equipped with Wärtsilä engines and ABB Azipod propulsion, the vessel cruises at speeds up to 22 knots."Celebrity Ascent features all the innovative and award-winning Edge Series signature experiences that launched a new era in cruise ship design…