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Norway To Rule On Star Bid

Norway's Industry Ministry is likely to make a ruling before Feb. 4 regarding a bid by NCL's board to deny votes to Malaysia's Star Cruises. NCL, the target of a bid war between Star and U.S. giant Carnival Corp., is accusing Star of skirting the law by failing to update Norwegian authorities of its NCL share buying. Star owns 47 percent of NCL. Under Norwegian law, any firm seeking to acquire parts of a business has to notify the ministry when its stake exceeds one-third, a half and two-thirds of the stock. NCL says Star passed one-third of the stock in the ministry will determine whether NCL's travel operations in Norway were directly related to its shipping business. If so, NCL would be exempted from the law and lose its case.


NCL Turns Down Carnival's $1.7B Takeover Bid

NCL Holding ASA flatly rejected a 30 crown ($3.72) per share takeover offer from Carnival Corp, saying it undervalued the group's potential. NCL Chairman Kristian Siem, who controls 14.9 percent of the Miami-based cruise company, said it would be a "waste of time" to even meet Carnival given the offered price. "To meet based on a price level of 30 crowns is a waste of time," Siem said. "It's very pleasant that Carnival values NCL


NCL To Buy New Cruise Ship

Norwegian cruise operator NCL Holding has finalized financing for the construction of a new 2,012 passenger cruise liner similar to the recently delivered Norwegian Sky. NCL announced in May an agreement of intent with Lloyd Werft to build the vessel for $351 million, with options for another vessel worth $334 million. The agreement was conditional in financing. NCL said the new ship was to be delivered on Aug. 31, 2001


Star Surprises NCL With Takeover Bid

Singapore-listed Star Cruises Plc launched a surprise takeover bid for Norway's NCL Holding ASA on Dec. 17, after U.S. giant Carnival Corp. bowed out of a battle for control. Star offered 35 Norwegian crowns ($4.38) a share for NCL, valuing it at about 8.73 billion Norwegian crowns ($1.10 billion). Star will also assume NCL debts of about six billion crowns. The bid was inevitable after Star lifted its shareholding in NCL above 40 percent late on Dec


NCL’s Veitch Named Maritime Person of the Year

In recognition for his efforts to build a vibrant and successful U.S.flag cruise fleet, Colin Veitch, president and CEO of NCL Corporation (NCL) was honored on Friday by the International Propeller Club of the United States as the 2006 Maritime Person of the Year at the organization’s 80th Annual International Convention in Norfolk, Virginia. The award is presented annually to a person who has demonstrated outstanding leadership in furthering and promoting the maritime industry.


NCL Pays Fine for Cruise Pollution

As a result of its voluntary reporting of irregularities, Norwegian Cruise Line Limited (NCL) has reached an agreement with the U.S. Attorney's Office for the Southern District of Florida and the US Department of Justice to plead guilty to a single count of violation of Title 33, U.S.C., Section 1908, for the knowing failure to maintain an accurate Oil Record Book aboard the S.S. Norway prior to May 2000. Under the plea agreement, NCL has agreed to pay a fine of $1 million


Star, Carnival Declare Victory In NCL Matter

Star Cruises and Carnival Corp. declared victory in a takeover bid for Norwegian cruise group NCL Holding, saying they controlled more than 90 percent of the shares. Arrasas Ltd., 60 percent owned by Star and 40 percent by Carnival, said it controlled 247.88 million shares, or 92.6 percent, of NCL under the $1.9 billion stock and debt takeover offer. Under Norwegian law, firms can force minority shareholders to accept a takeover offer by surpassing 90 percent control.


NCL Renovates Norwegian Crown

Norwegian Cruise Line (NCL) has changed the name of Crown Odyssey to Norwegian Crown during a multi-million dollar refurbishment to convert the ship into a Freestyle Cruising vessel. Norwegian Crown will enter into service under the NCL fleet this fall and begin sailing from Baltimore as part of the their Homeland Cruising program, also marking their first regular sailings from Baltimore.


NCL Takes Delivery of Latest Project America Ship

NCL Corporation (NCL) has taken delivery of Pride of Hawai’i as the newest member to the NCL America fleet, with a handover ceremony in Eemshaven, Holland. At the onboard ceremony, Star Cruises Chairman Tan Sri LIM Kok Thay was joined by Colin Veitch, NCL President and CEO; and Bernard Meyer, managing partner of Meyer Werft, the shipyard that constructed the vessel. Pride of Hawai`i is the ninth in a series of 11 such Freestyle Cruising ships delivered as part of a U.S


Double Order for Cruise Newbuilds

The MAN B&W Diesel Group, Augsburg will supply a total of 10 large diesel engines to the shipyard Meyer Werft for two more cruise vessel newbuildings of Norwegian Cruise Line (NCL), Miami. The 12V48/60B engines, each with an output of 14,400 kW (19,600 HP), will be built at MAN B&W Diesel’s headquarters in Augsburg and by 2006 delivered to the German Meyer Werft in Papenburg. MAN B&W, NCL and Meyer Werft are associated by many years of partnership


NCL Hires Consultant for Ballast Water Compliance

Norwegian Jade (Photo: Norwegian Cruise Line)

Foreship said it has secured a design consultancy contract covering the first post-Ballast Water Convention treatment systems to be specified by Norwegian Cruise Line (NCL). The contract calls for independent naval architecture and marine engineering consultancy services to ensure installations on


World’s First Shipboard Go-kart Track

(Photo: Bolidt)

The world’s first full-scale shipboard racetrack is now on the water, in a project which has brought the best out of German karting technology specialist RiMO Supply and Dutch decking specialist Bolidt for owner Norwegian Cruise Line.  


NCL Makes Inaugural Call to Cuba

Norwegian Sky in Havana (Photo: Norwegian Cruise Line)

 Norwegian Cruise Line’s first ship to sail to Cuba, Norwegian Sky, has made her maiden call in the capital city of Havana.   “Today is a momentous day for Norwegian Cruise Line, our guests and our travel agent partners, as we open our doors to Cuba’s natural beauty


Meyer Werft Lays Keel of Norwegian Bliss

Norwegian Cruise Line president and CEO Andy Stuart and MEYER WERFT managing partner Tim Meyer at the keel laying for Norwegian Bliss. (Photo: NCL

A keel laying ceremony was held for Norwegian Cruise Line’s (NCL) new cruise ship Norwegian Bliss at the shipbuilder Meyer Werft’s facility in Papenburg, Germany.   During the ceremony, one of the keel blocks of the 167,800 gross ton vessel was lifted into the covered building


ABB Reports $180 Million from Cruise Builders in 2013

ABB, the leading power and automation technology group, won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its latest-generation Azipod XO units. The orders make 2013 the best-ever year for ABB in cruise


NCL Spotlights Eco-Smart Cruising Program

NCL cruise ship: Photo courtesy of the owners

On Earth Day, Norwegian Cruise Line NCL) celebrated key achievements from the past year that, as a part of its Eco-Smart Cruising program, help preserve the world's oceans. The company says that for more than four decades, it has committed to the protection of the oceans through sustainable


Norwegian Cruise Line Orders Two New Ships

Norwegian Breakaway: Photo CCL cr Dickelbers

Norwegian Cruise Line says it has reached an agreement with MEYER WERFT GmbH of Germany to build two new Breakaway-Plus class cruise ships for delivery in the second quarter 2018 and the fourth quarter 2019. Each ship will be 164,600 gross tons and include 4,200 passenger berths.


Global Ocean Trade: Latest Shipbuilding Orders

Bulk carrier bow: File photo

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders. Dry bulk carriers Foremost Maritime are understood by Clarkson Hellas to have added a further four 180


Madsen to Head Norwegian Cruise Line

Photo: Norwegian Cruise Line

Former President and Chief Operating Officer of Darden Restaurants Joins Norwegian Cruise Line Norwegian Cruise Line Holdings Ltd. announced today that Drew Madsen has joined the company as president and chief operating officer of Norwegian Cruise Line


Norwegian Epic to Sail from Port Canaveral

Norwegian Epic (Photo courtesy of Norwegian Cruise Line)

Port Canaveral will homeport Norwegian Cruise Line’s (NCL) largest ship and currently the third largest in the world—the Norwegian Epic—starting in November 2016, offering seven-day Eastern and Western Caribbean itineraries


Barnett Promoted to Director, Holland America Line

Amy Barnett Director Division Sales

Holland America Line has promoted Amy Barnett to the position of division sales director for the East.   In her new role, she will be responsible for planning, organizing and directing sales programs, as well as analyzing and implementing strategic and tactical initiatives to increase sales


Langh Tech Scrubbers for Norwegian Cruise Line Newbuilds

Breakaway Plus class vessel (Image: Meyer Werft)

Finnish manufacturer and supplier of scrubber solutions Langh Tech will deliver scrubber systems to two new cruise vessels on order at Meyer Werft in Papenburg for (NCL).   The two newbuildings of NCL’s Breakaway Plus class will be equipped with Langh Tech’s hybrid type scrubbers


NCL's Norwegian Jade to Call Port Tampa Bay Home

Norwegian Jade. Photo: NCL Corporation Ltd

The Norwegian Cruise Line (NCL) ship Norwegian Jade will set sail from Port Tampa Bay during the upcoming winter cruise season.   Port Tampa Bay officials welcomed the 2,402-passenger ship for the 2016-2017 fall/winter cruise season.  


Norwegian Cruise Line Extends US-Cuba Sailings

Norwegian Sky (Photo: NCL)

Norwegian Cruise Line said it will add additional weekly roundtrip cruises from Miami to Cuba aboard Norwegian Sky, the largest vessel sailing to Cuba.   Together with the five previously announced cruises scheduled in May 2017, these 25 additional cruises will start in June 2017 and run


Meyer Werft Floats Out Norwegian Joy

Photo: Norwegian Cruise Line

Norwegian Cruise Line’s first cruise ship custom designed for China has been floated out of Meyer Werft’s covered building dock II on March 4 in Papenburg, Germany, where the 168,800-gross-ton ship has been under construction since September 2015






 
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