Marine Link
Wednesday, April 25, 2018

Po Princess News

Princess Cruise Lines Appoint Senior Officers for New Ship

When the new Royal Princess launches in June 2013, Captain Tony Draper will be in command of Princess Cruises ’ newest vessel, leading a senior officer team with more than 100 years of seagoing experience among them. The senior four-stripe team will also include Relief Captain Dino Sagani, Chief Engineer Fabio Braccelli, Hotel General Manager Dirk Brand, and Staff Captain Tim Stringer. The 3,600-passenger Royal Princess is a new-generation ship currently under construction in Italy that will debut a number of new features for Princess, including a dramatic over-water SeaWalk, a 50 percent larger atrium, a new Princess Live! television studio, and balconies on all outside staterooms.

Princess Appoints Captain Christie as VP of Marine Operations

Princess Cruises has appointed Captain David Christie to the position of Vice President, Marine. A long-time Princess captain, who most recently commanded Grand Princess, Captain Christie will now be based at the company's headquarters in Santa Clarita, California and will be responsible for overseeing all of the maritime operations of the line's growing fleet. A 36-year P&O Princess Cruises veteran, Christie first took to the sea as a cadet with P&O in 1966. In 1975 he joined the original Pacific Princess, as a navigator and rose through the ranks aboard many of the vessels in the Princess fleet. In 1992 Christie earned his captain's stripes and took his first command aboard Island Princess.

P&O Princess Closer to Carnival Deal

Carnival and P&O Princess have entered into an agreement to combine the two companies through a dual listed company structure. transaction to P&O Princess shareholders. satisfied. available capacity. from disseminating best operating practices throughout the Combined Group. enterprise. pursue common objectives. executive management team. EGM. be affected by the change to the parent company name. shares for each P&O Princess share. existing issued share capital of P&O Princess at approximately £3.3 billion. Carnival shareholders will hold approximately 74 per cent. shareholders will hold approximately 26 per cent. Combined Group. Offer. of 20 per cent. of P&O Princess' issued share capital. Princess in the FTSE 100 are expected to be retained. the UK.

Fincantieri Launches Majestic Princess for China

Majestic Princess (Photo: Fincantieri)

Italian shipbuilder Fincantieri has launched its first cruise ship destined for the Chinese market, and will now begin interior fittings ahead of the vessel’s delivery scheduled for spring 2017. The newbuild Majestic Princess is the third ship of the Royal Princess class built for the shipowner Princess Cruises, a brand of the Carnival Group. The vessel was launched at Fincantieri’s shipyard in Monfalcone at a ceremony attended for the shipowner by Keith Taylor, Executive Vice President of Fleet Operations of Holland America Group…

Delivery, Charter of Maria Princess

On delivery, the Maria Princess commenced a 30-90 day repositioning time-charter to a major international oil trader at a $50,000 per day rate. A similar charter has also been arranged for the Nippon Princess. Upon conclusion of these charters, the vessels will be located to their natural trading area, the Mid-Atlantic basin, where management will determine the next employment from the various options currently available. These Aframaxes are part of the eight vessel-Princess series the Company inaugurated in March 2007 with the delivery of the Izumo Princess, christened by Her Imperial Highness Princess Hisako Takamado of . The Company expects to take delivery of the remaining five vessels, including the Nippon Princess, over the next six quarters.

P&O to Acquire Former Renaissance Ships

P&O Princess Cruises announced the acquisition of the former Renaissance vessels, R3 and R4, which will join its North American and Australian fleets. The 684 lower berth vessels, which originally entered service in 1999, will be acquired through a lease purchase structure at a total combined capital cost for the two ships of approximately $150 million. Under the terms of the acquisition contracts, the two vessels are contracted to be deployed in the Pacific Ocean region for at least the first two years of their operation by P&O Princess. R4, which will be renamed Tahitian Princess, is expected to continue to be deployed in French Polynesia for a further three years.

P&O Princess Cruises Picks EnviroEngines

Wärtsilä Corporation was tapped to supply 12 EnviroEngines for four cruise ships contracted by P&O Princess Cruises. Wärtsilä EnviroEngines employ electronically controlled common-rail fuel injection to provide optimum combustion over the entire load range, to give the particular benefit of no visible smoke at any load and when starting or during transient load changes. They also employ electronically controlled direct water injection to achieve the low NOx emission value of 6 g/kWh. These EnviroEngines for P&O Princess Cruises are the first to incorporate both technologies. As diesel engines, their high efficiency also means they have the lowest CO2 emissions of all prime movers.

New Diamond Princess Delivered in Japan

In Nagasaki, Japan, the new Diamond Princess was named in a colorful ceremony which featured traditional Japanese festivities set against the state-of-the-art ship. The ship was delivered earlier in the morning to Princess Cruises by Mitsubishi Heavy Industries, Ltd. (MHI), builders of the 116,000-ton vessel. Diamond Princess was named by Mrs. Yoshiko Tsukuda, wife of Kazuo Tsukuda, president of MHI. Dressed in a traditional kimono, Mrs. Tsukuda officially launched the ship in a ceremony that including such Japanese touches as a taiko drum performance, a traditional dragon dance and a Shinto-style blessing. Hundreds of guests from around Japan and other Asian regions attended the ceremony…

Princess Cruises to Base Ship Year-round in San Francisco

'Grand Princess': Photo credit Geograph CCL Stan Lewis

Princess Cruises has announced that for the first time it will base a ship in San Francisco year round, beginning in May 2013.The extensively renovated Grand Princess will first offer a series of Alaska cruises during the summer months from the "City by the Bay," followed by a schedule of Hawaiian Islands, Mexico and the California Coast sailings during the fall 2013 to spring 2014 season. Last year the 2,600-passenger Grand Princess underwent the largest drydock in Princess Cruises history…

Princess Cruises Takes Ship Delivery from Fincantieri

(Photo: Fincantieri)

Majestic Princess, the third Royal Princess class cruise ship built by Fincantieri for ship owner Princess Cruises, was delivered at the Monfalcone shipyard in Italy. Princess Cruises, a Carnival Group brand, will deploy the new vessel on the Chinese market. The 145,000-gross-ton Majestic Princess is said to be the largest ship ever built in Italy, able to accommodate 4,250 passengers in 1,780 cabins and 1,350 crew members. The vessel flies the Bermuda flag and is the first ship which Fincantieri has specifically designed and built for the Chinese market…

Competition for Princess Cruises Heats Up With Arison Entry

Despite the less-than-stellar performance by the cruise industry during the last part of 2001, the industry more than had its fair share of newsmaking events — aside from the September 11 terrorist attacks — which ultimately exposed the fraility of this leisure sector. Beginnning with the demise of Renaissance Cruises almost immediately after the attacks, the industry suffered an additional blow in October when American Classic Voyages’ (AMCV’s) subsidiary U.S. Lines filed Chapter 11 — causing the dream of American cruiseship building to cease before it could even begin. These events, which were almost reminisicent of the faltering cruise industry of the 1970’s…

POSCO to Sell Pos Plaza

According to reports, POSCO has decided to sell Pos Plaza commercial skyscraper to a based fund company. The price of the building is reported to be over $400 million.  POSCO has denied the speculation that it wants to secure the cash needed to acquire Daewoo Shipbuilding and Marine Engineering from the government and said that it is only for securing cash flow. Source:  Steel Guru  

Princess Cruises Choose 3G with MCP

Maritime Communications Partner (MCP) was chosen by Princess Cruises to outfit the Sun Princess with on-board 3G wireless communication services. MCP, a global onboard communications partner, announced that the Princess Cruises ship - Sun Princess - is the second cruise ship in the world to offer their passengers 3G mobile communication services at sea. The California based cruise operator launched 3G on their vessel the Sun Princess at the end of May this year. This new service has provided the ships passengers and crew with MCP’s latest mobile communication technology to access data services and improve the user-experience on board.

Fincantieri to Build Third New Princess Cruises Ship

Rendering of the new cruise ship courtesy of Princess Cruises

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros. The 143,000-ton ship, which will enter service in 2017, will carry 3,560 passengers (lower berths), and feature the successful design platform introduced by sister ships “Royal Princess” in 2013 and “Regal Princess” which entered service this past May. “We are incredibly excited to add this fabulous new ship to our already formidable fleet,” said Jan Swartz, Princess Cruises President.

Moody’s May Now Raise P&O Princess Rating

Moody's today has changed the direction of its current review of the Baa3 long-term debt rating for P&O Princess Cruises PLC to possible upgrade from developing. dual listed listed company ("DLC") structure. DLC transaction. resulting from such a scenario has eased. (likely) or a failure to complete (less likely). the combined entity. erosion. investment program funded by additional debt. industry to remain challenging. either Carnival or Royal Carribbean was considered in the rating.

President Of Panama To Christen New Coral

Mireya Moscoso, president of the Republic of Panama, will christen Princess Cruises’ newest ship, Coral Princess, in a historic ceremony in the Panama Canal. The first cruise ship christening ever in the Canal, this unique “lockside” naming will take place as Coral Princess transits the Canal’s Gatun Locks on January 17, 2003. The ship will be in the Canal as part of it regular cruise itinerary, on a sailing that departs from Ft. Lauderdale on January 13. “In our 32 years of Panama Canal cruising, we’ve established a strong and beneficial relationship with Panama, so we feel President Moscoso is the perfect person to christen this ship, which was built specifically for Canal transits,” said Phil Kleweno, president of Princess Cruises.

Fincantieri Stays Strong

With a strong history of building some of the greatest liners to sail the seas, with names such as Rex, Saturnia, Vulcania, Leonardo da Vinci and Grand Princess to its credit, Fincantieri continues its tradition to this day as a leading ship builder, particularly in the cruise ship segment. Fincantieri — which is comprised of seven shipyards and two centers for ship design, with the one in Trieste being the largest in Europe — has developed a long tradition in designing and building ships, with more than 200 years of history marked by the construction of more than 7,000 ships. While the entirety of the Fincantieri system is geared toward generating technically superior products, it can be said, simply, that the Italians build beautiful cruise ships.

Port of Houston, Princess Cruises Lock Two More Seasons

The Port of Houston Authority reached an agreement with Princess Cruises to make passenger calls for two additional cruise seasons, in addition to the sailings that will kick off later this year in November at the state-of-the-art Bayport Cruise Terminal. The agreement, which was approved by the Port Commission of the Port of Houston Authority today, calls for Princess Cruises to sail from the Bayport Cruise Terminal in Pasadena, Texas, during the 2014-2015 and 2015-2016 cruise seasons. Sailings are expected to generate as much as $155 million of economic impact over the confirmed three cruise seasons, according to the firm Martin Associates. An estimated $3 million in state and local taxes is anticipated. Additionally, a total of 736 direct, induced and indirect jobs will be created.

'Royal Princess' Christening Royally Performed

'Royal Princess' Naming: Photo credit Princess Cruises

Standing on the naming platform with the ship's Captain Tony Draper, The Duchess of Cambridge pronounced, "I name this ship 'Royal Princess'. The Duchess then cut the rope that sent a giant Nebuchadnezzar-size bottle of Moet & Chandon champagne toward the ship, officially welcoming Royal Princess into the fleet of Princess Cruises at the Southampton ceremony. Internationally renowned percussive orchestra Mass Ensemble performed with its signature "Earth Harp," an architectural instrument with strings that extended 1,000 feet and was played as it hovered over the nearly 2,000 ceremony guests.

Norwalk Virus Rears Its Ugly Head on Princess

Just when the cruise industry thought that the nasty little Norwalk Virus bug – a gastrointestinal virus that strikes quickly with symptoms that cause much discomfort. While there is no cure for this rapid-spreading virus that is usually spread through food, but can be picked from germs spread via handrails or elevator buttons, the ordeal usually lasts anywhere from 24-48 hours. he virus first made its entrance late last year and was not exclusive to just one cruise line. Some of cruise’s biggest players such as P&O, Holland America, Carnival and Disney all reported sporadic cases of the virus onboard its vessels at several ports. This time however…

Phil Kleweno Appointed President Of Princess Cruises

P&O Princess Cruises plc, today announced the appointment of Phil Kleweno as President of its North American division, Princess Cruises. Cruises Group. The division generated $1.8 billion of revenue in 2000. Kleweno joins Princess Cruises from Bain & Company, a global business consultancy, where he was a senior partner. Kleweno has worked with Princess Cruises over the last five years and has been closely involved in both the strategic and operational development of the division during that time. While at Bain, Kleweno also focused on customer-oriented businesses within a number of different sectors including travel and leisure, retail, and media and entertainment.

Princess Cruises Choose Name of New Liner at Keel-laying

Regal Princess Keel Laying: Photo credit Princess Cruises

Princess Cruises decide to name new cruise ship 'Regal Princess' as Fincantieri, Monfalcone, Italy lay the keel down. Following a traditional blessing by a priest, the ship's keel – which weighs approximately 500 tons – was moved into position by a huge crane onto the keel blocks. The computer-guided maneuver took only minutes, belying the more than 2 million man hours that will ultimately go into building the vessel. The 3,600-passenger, 141,000-ton ship will remain in the building dock until its float-out next summer. The vessel, a sister ship to Royal Princess, will debut in Spring 2014.

P&O Princess Rejects Carnival’s Offer

The Board of P&O Princess states that, at the end of last week, Carnival conveyed its interest in a possible transaction with P&O Princess. Carnival's proposal is subject to several pre-conditions including regulatory approval and financing. After consider Carnival's proposal and reviewed it with its financial and legal advisors. Based on this review, the board has concluded that the proposed dual listed company transaction with Royal Caribbean remains the most attractive alternative for P&O Princess shareholders. The board believes, and has been advised, that the Carnival proposal is not as favorable financially to P&O Princess shareholders and would face greater execution risk than the transaction with Royal Caribbean.

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