Norwegian Cruise Line Founder Kloster Dies at 91
Knut Kloster, one of the founders of Norwegian Cruise Line Holdings Ltd. and a pioneer of the modern cruise industry, passed away on Sunday at the age of 91.“We are incredibly saddened by the loss of the visionary who not only brought our company, but our industry, to life,” said Frank Del Rio, Norwegian Cruise Line Holdings president and CEO. “Knut was a pioneer in our industry and certainly ahead of his time, exploring every opportunity to be at the forefront and break boundaries.
Stalled Cruise Industry Targets Repeat Passengers
Retired New Yorkers Mahlon and Kim Russell have taken 15 cruises over the past 15 years, visiting destinations from Tahiti to St. Petersburg, primarily with Norwegian Cruise Line.After canceling a fall trip to Europe, in July the Russells booked a 10-day cruise around Australia and New Zealand—for January 2022.“We love cruising,” said Mahlon Russell. “But we don’t love it enough to be the first ones out of the gate.”The cruise industry has been hit hard by the coronavirus pandemic…
Rival Cruise Lines Team Up to Plan Restart
Cruise industry rivals are teaming up in an effort to sail again.On Monday, Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd announced a joint task force to help develop safety standards for restarting their businesses during the coronavirus pandemic.The “Healthy Sail Panel,” co-chaired by former Utah Governor Mike Leavitt and former U.S. Food and Drug Administration Commissioner Scott Gottlieb, is advising the companies on restart plans they will submit to the U.S. Centers for Disease Control and Prevention (CDC) and other regulators at the end of August.
Carnival Extends Operations Pause to Sept. 30
Carnival Cruise Line said on Monday it has extended its pause in operations for North American voyages until September 30, as it determines how to safely resume service amid the COVID-19 pandemic.The cruise line, owned by Carnival Corp, had previously said it would resume some voyages on August 1.Industry trade group Cruise Lines International Association (CLIA) said on Friday its ocean-going cruise line members, which include Carnival, Royal Caribbean Cruises Ltd, and Norwegian Cruise Line Holdings Ltd, would voluntarily extend their pause in operations from U.S. ports until Sept.
Norwegian Cruise Line Swings to $1.88 Billion Loss
Norwegian Cruise Line Holdings Ltd swung to a quarterly loss on a $1.6 billion impairment charge as the COVID-19 pandemic brought the global cruise industry to a virtual standstill.Cruise operators have been hammered by the curbs to contain the spread of the virus, with extended port quarantines in Japan and California due to deadly outbreaks on some cruise ships adding to the worries.The company said on Thursday it posted a net loss of $1.88 billion, or $8.80 per share, for the three months ended March 31…
Norwegian Has Enough Cash to Stay Afloat for 18 Months
Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio said on Thursday.“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months,” Del Rio told Reuters in a phone interview.Norwegian’s shares, which have lost almost 80% of their market value this year…
Norwegian Cruise Withdraws Forecast, to Cut $515 Mln in Spending
Norwegian Cruise Line Holdings Ltd on Monday withdrew its 2020 forecast and said it would cut spending by about $515 million, as it extends the suspension of its ships to June 30 amid the coronavirus pandemic.The outbreak has effectively shut down the entire cruise ship industry, and with most international travel halted, cruise companies are now hemorrhaging cash and scrambling for new funds to ride out the slowdown that could last longer than expected.Shares of Norwegian and…
Seven Seas Splendor Named in Miami
Godmother and international icon Christie Brinkley named Seven Seas Splendor in a star-studded ceremony during black-tie festivities Friday evening at PortMiami.The Luxury ocean cruise line Regent Seven Seas Cruises stated that Seven Seas Splendor is the sister of 2016's Seven Seas Explorer."Every ship we launch gets even better, and Seven Seas Splendor is magnificent," said Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings Ltd. "The collaboration between the designers, engineers, craftsmen, hotel and restaurant teams and the crew on board all brings the renowned Regent experience to life on this beautiful ship."Seven Seas Splendor is helmed by 30-year veteran Captain Serena Melani…
NCL Plans Crew Training facility in Manila
The third-largest cruise line in the world Norwegian Cruise Line (NCL) announced plans for the development and construction of the Norwegian Cruise Line Center of Excellence, a new shipboard seafarer training facility near Manila in the Philippines.The Center, which will serve both new and existing crew and provide training for various service-related jobs, is due to open in late 2020, said a press release from Norwegian Cruise Line Holdings.Norwegian said the facility will be "designed to provide trainees with realistic work and living experiences aboard a cruise ship, which will include replicas of staterooms, a shipboard galley, a casino floor…
Fincantieri to Build Two New Ships for Norwegian's Oceania Cruises
The largest shipbuilder in Europe Fincantieri and the US Group Norwegian Cruise Line Holdings Ltd. signed a contract for the construction of two new generation cruise ships for the Oceania Cruises brand, with delivery scheduled respectively in 2022 and 2025, which will start the “Allura-Class”.The agreement has an overall value exceeding 1 billion euros.With about 67,000 tons and the capacity of accommodating approximately 1,200 passengers on board, these units will be the new flagships of Oceania Cruises future fleet, for which the Group has built in 2011 and 2012 respectively “Marina” and “Riviera” at the Sestri Ponente (Genoa) yard.“We…
Norwegian Cruise Line Profits Up
Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year. The cruise operator said in a investor release that its total revenue increased 12.5% to $1.9 billion. Gross Yield increased 4.5%. Net Yield increased 4.0% on a Constant Currency basis, outperforming guidance by 50 basis points. Norwegian expects to generate record earnings in full year 2018 and has increased its outlook above the high-end of its previous guidance range. Adjusted EPS is now expected to be approximately $4.85, which is inclusive of the previously announced impact…
Norwegian Joy is US Bound
Norwegian Cruise Line’s first ship custom-designed specifically for the Chinese cruise market will be repositioned to sail from the United States starting in 2019.The nearly 4,000 passenger cruise ship Norwegian Joy is slated to sail seasonally from Seattle to Alaska in summer 2019 before making voyages to the Mexican Riviera and Panama Canal from Los Angeles in winter 2019/2020.Built by German shipbuilder Meyer Werft in 2017, the 1,094-foot-long, 167,725 gt Norwegian Joy was designed with finishes and amenities tailored specifically to the tastes of Chinese guests.
Norwegian Orders Two More Cruise Ships
U.S. based Norwegian Cruise Line Holdings Ltd. has exercised options to order the fifth and the sixth newbuildings of the Leonardo series cruise ships from Italian shipbuilder Fincantieri.The new vessels will be about 140,000-tons, almost 300 meters long and accommodate 3,300 guests, and are part of a class of new-concept cruise ships for the Norwegian Cruise Line (NCL) brand with deliveries scheduled in 2026 and 2027.The agreement for the construction of the first four units…
PortMiami Approves Norwegian Cruise Line Terminal
Miami-Dade County has given the green light for construction to begin on the sleek new terminal for Norwegian Cruise Line (NCL) terminal, designed by Miami-based architecture firm Bermello Ajamil & Partners. The county will invest up to USD 100mln to build 166,000-square-foot terminal at PortMiami, augmented by funds coming from Norwegian Cruise Line Holdings. Commissioners also agreed to advance project costs not to exceed an additional $65m. The terminal will be able to accommodate ships with up to 5,000 passengers, feature indoor and outdoor waiting areas, faster embarkation and disembarkation technology, expedited security screening and include a new parking garage, a valet area and lounge.
Norwegian Joy Christened in Shanghai
Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, Norwegian Joy, was christened in a ceremony held onboard the vessel in Shanghai that featured a performance by the ship’s Godfather, singer songwriter, music producer, actor and film director, Wang Leehom. At 167,725–gross-tons and accommodating 3,883 guests, Norwegian Joy’s design, finishes and amenities are tailored specifically to the tastes of Chinese guests. The vessel was built by German shipyard Meyer Werft.
China: Engine of the Asian Cruise Industry
Cruise holidays. Despite the now mundane miracle of aviation travel, Earth's deep oceans and seas still beckon to millions of holidaymakers year on year. Or, if perhaps not the water herself, then the concomitant aspects of contemporary cruise travel. A number of days if not weeks aboard a gargantuan, luxury-focused ship, which is replete from fore to aft with swimming pools, cafes, bars, restaurants, libraries, retail departments, casinos…did we mention bars, too? Magnificent.
Norwegian, Alibaba Partner in Chinese Cruise Market
Norwegian Cruise Line Holdings Ltd. said it has partnered with online and mobile commerce company Alibaba Group for its entry into the Chinese cruise shipping market. Alibaba operates the world’s largest online and mobile marketplaces, offering a wide range of products and services to its nearly half billion monthly active users. In China, people live, work and play on Alibaba, buying local and overseas products, and enjoying its entertainment and lifestyle services – travel, food delivery and social networking.
NCL Makes Inaugural Call to Cuba
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, warm people and historical treasures,” said Frank Del Rio, president and chief executive officer for Norwegian Cruise Line Holdings, who was on board Norwegian Sky with other NCL executives to celebrate the voyage. Today’s call was the first of Norwegian Sky’s weekly roundtrip cruises from Miami to Cuba.
Norwegian Orders Four Ships from Fincantieri
Norwegian Cruise Line Holdings Ltd. said it has reached an agreement with Fincantieri S.p.A. to construct the next generation of ships for its Norwegian Cruise Line brand, ordering four 140,000 gross ton ships for delivery in 2022, 2023, 2024 and 2025, with an option for two additional ships to be delivered in 2026 and 2027. The four ships, priced at approximately €800 million per unit, will each accommodate approximately 3,300 guests. The new vessels will build upon the brand's most recent Breakaway-Plus Class ships built at Meyer Werft. A priority of the prototype design is energy efficiency, with the aim of optimizing fuel consumption and reducing the impact on the environment.
Norwegian Cruise Line Approved to Sail to Cuba
Norwegian Cruise Line Holdings Ltd. announced that it has received approval from the government of the Republic of Cuba to operate cruises to Cuba, beginning March 2017. All three of the company’s brands, Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, will offer U.S. travelers the opportunity to visit the country on select sailings starting next year. The company’s first cruise to Cuba will set sail from PortMiami on Oceania Cruises’ Marina on March 7, 2017 with select Caribbean itineraries featuring calls on Havana. Seven Seas Mariner, of the Regent Seven Seas Cruises fleet, will call on Havana during two cruises in April 2017. Norwegian Sky will also offer a selection of four-day voyages that will overnight in Havana in May 2017.
First Steel Cut for Norwegian Bliss
Norwegian Cruise Line is celebrating the cutting of the first piece of steel for Norwegian Bliss, the line’s sixteenth vessel and the first one designed for the ultimate Alaska cruising experience. Norwegian Cruise Line Holdings and MEYER WERFT executives gathered at the MEYER WERFT Laser Center in Papenburg, Germany on October 28 to mark the ceremonial start of construction of Norwegian Bliss, which is set for delivery in Spring 2018 and will be the twelfth Norwegian ship built by MEYER WERFT. Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd., pressed the start button of the computer-controlled cutting machine, commencing construction.
Norwegian Cruise Line Enters Chinese Market
Norwegian Cruise Line will introduce the first purpose-built ship customized for the Chinese market in 2017, Norwegian Cruise Line Holdings Ltd. CEO Frank Del Rio announced today during the CruiseWorld China summit in Shanghai. Currently under construction, the new ship is designed for the China market with accommodations, cuisine and onboard experiences that cater to the unique vacation preferences of Chinese guests. “Our new purpose-built ship for China will have characteristics that are authentic to Norwegian Cruise Line and yet distinctively Chinese in all of its sensibility…
Norwegian Cruise Line, Port of Seattle Ink 15-year Lease
The Port of Seattle signed a 15-year lease with Norwegian Cruise Line Holdings (NCLH) parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The deal secures NCLH ships in Seattle for the full term of the lease and provides passenger volume guarantees estimated to bring $73 million dollars of revenue to the port. “We thank Norwegian Cruise Line for their commitment to Seattle and the Alaska cruise business,” said Commissioner John Creighton. “Cruise in Seattle means $440 million in annual economic impact for this region.