The Biggest Cruise Brands By Capacity This Summer

Posted on 26 April, 2021 by Spacejunkie2

MSC Cruises may be the biggest cruise brand based on confirmed resumption plans (as of late April 2021) and ships and berths back in service by August 31, using data from the 2021 Cruise Industry News Annual Report.

On a corporate level, Carnival Corporation will have the most ships and berths back in service, with six brands set to operate 13 ships by late August at press time, and indications are that more announcements are forthcoming.

Top 5 Cruise Lines Back in Service by August 31:

MSC Cruises
Ships: Ten – MSC Virtuosa, MSC Grandiosa, MSC Seashore, MSC Seaview, MSC Seaside, MSC Preziosa, MSC Splendida, MSC Magnifica, MSC Orchestra and MSC Musica
Total Berths: 37,066
Regions: Europe – Western Mediterranean, Eastern Mediterranean and Northern Europe

After announcing a massive restart plan, MSC intends to have ten ships in service in Europe by August.

The restart fleet includes two newbuilds, the MSC Virtuosa, slated to offer cruises in the United Kingdom, and the MSC Seashore, poised to spend its inaugural season in the Mediterranean.

Royal Caribbean International
Ships: Six – Odyssey of the Seas, Anthem of the Seas, Quantum of the Seas, Jewel of the Seas, Adventure of the Seas and Vision of the Seas
Total Berths: 19,500
Regions: North America, Mediterranean and Asia

Royal Caribbean International is one of the companies pioneering the cruise restart in North America. In March, the cruise line announced its intention to operate two ships in the region, with the Vision of the Seas sailing from Bermuda and the Adventure of the Seas sailing from the Bahamas.

By August, another four ships will also be in service, offering cruises in Europe and Asia.

Costa Cruises
Ships: Four – Costa Firenze, Costa Smeralda, Costa Luminosa and Costa Deliziosa
Total Berths: 13,976
Region: Europe – Western Mediterranean and Eastern Mediterranean

Costa has big plans for the summer in the Mediterranean. The Italian brand recently announced its intention to cruise with four ships in the region, including the new Costa Firenze and the LNG-powered Costa Smeralda.

All vessels will be based in Italy, offering cruises to other Italian ports, as well as destinations in Greece, France and Span.

Norwegian Cruise Line
Ships: Three – Norwegian Joy, Norwegian Gem and Norwegian Jade
Total Berths: 9,000
Regions: Caribbean and Mediterranean

While asking the CDC for permission to cruise from U.S. ports starting in July, Norwegian Cruise Line confirmed the restart of its operations elsewhere.

The company will resume service in the Caribbean and the Mediterranean, with three ships.

Starting in August, the Norwegian Joy will sail from Jamaica, while the Norwegian Gem will sail from the Dominican Republic. In Europe, the Norwegian Jade will be based in Greece starting on July 25.

P&O Cruises
Ships: Two – Iona and Britannia
Total Berths: 8,811
Region: Europe – United Kingdom

Carnival Corporation’s British cruise line, P&O Cruises, will resume service in June, with domestic sailings in the United Kingdom.

Sailing from Southampton, the company plans to use its two newest ships, the 5,200-guest Iona and the 3,611-guest Britannia.

Numbers by Corporation

Carnival Corporation
Ships: 13
Brands in Service: 6 out of 9
Total Berths: 38,557

By Brand

Costa: 4 ships and 13,976 berths
AIDA: 2 ships and 5,424 berths
P&O: 2 ships and 8,811 berths
Princess: 2 ships and 7,200 ships
Cunard: 1 ship and 2,092 berths
Seabourn: 2 ships and 1,054 berths

MSC Cruises
Ships: 10
Brands in Service: 1 out of 1
Total Berths: 37,066

By Brand

MSC: 10 ships and 37,066 berths

Royal Caribbean Group
Ships: 15
Brands in Service: 5 out of 5
Total Berths: 36,982

By Brand

Royal Caribbean: 6 ships and 19,500 berths
Celebrity: 3 ships and 7,840 berths
TUI: 3 ships and 8,300 berths
Hapag-Lloyd: 2 ships and 746 berths
Silversea: 1 ship and 596 berths

Norwegian Cruise Line Holdings
Ships: 1 out of 3
Brands in Service: 1 out of 3
Total Berths: 9,000

By brand

Norwegian: 3 ships and 9,000 berths

Genting Cruise Lines
Ships: 6
Brands in Service: 3 out of 3
Total Berths: 8,486

By Brand

Dream: 2 ships and 5,204 berths
Star: 1 ship and 1,090 berths
Crystal: 3 ships and 2,192 berths

Posted on 25 April, 2021 by Spacejunkie2

Royal Caribbean Group Chairman and CEO Richard Fain saw total compensation of just over $12 million for the fiscal year 2020, according to a company SEC filing.

Fain saw his base salary cut by nearly 50 per cent, but made up for it with $11 million in stock awards.

Other company executives also had a good year, with CFO Jason Liberty seeing total compensation of $5.6 million, up from 2019.

Royal Caribbean International President and CEO Michael Bayley earned $7.4 million, also up from 2019.

The SEC filing noted that executives did forgo portions of their base salaries

The company said it wants to establish a mix of compensation components, including fixed and variable pay and short- and long-term incentives, that encourages “focus on both the short- and long-term interests of the company and its shareholders.”

Of note, Carnival Corporation CEO Arnold Donald took home $11 million and Norwegian Cruise Line Holdings CEO Frank Del Rio saw compensation of $36.4 million.

Royal Caribbean Group Compensation Table:

Name and Principal Position	Fiscal Year	Salary ($)	Stock Awards ($)	One-Time Stock Awards	Non-Equity Incentive Plan Compensation	Change in Pension Value and NQDC Earnings	All Other Compensation	Total ($)
Richard D. Fain Chairman/CEO	2020	$645,000	$11,171,146		$3,042,000*	$154,879	$112,478	$12,083,503*
2019	$1,276,923	$8,699,024		$4,006,080	$189,347	$187,545	$14,358,919
2018	$1,100,000	$7,664,567		$3,500,000		$157,949	$12,422,715
2017	$1,100,000	$7,661,433		$4,327,400	$99,493	$155,087	$13,343,413
2016	$1,092,308	$6,441,770		$2,740,222		$131,384	$10,405,684
2015	$1,038,462	$5,803,644		$2,426,667		$119,796	$9,388,569
2014	$1,000,000	$3,673,186	$4,923,759	$2,246,222	$56,611	$114,100	$12,013,878
2013	$1,000,000	$3,371,587		$2,083,629	$250,089	$127,858	$6,833,163

Jason T. Liberty CFO	2020	$818,798	$3,228,563		$1,411,938	$89,503	$100,429	$5,649,231
2019	$788,462	$2,621,510		$1,731,002	$91,472	$113,674	$5,424,004
2018	$788,462	$2,136,947		$1,685,523		$140,932	$4,751,864
2017	$692,308	$1,700,547	$2,792,203	$1,521,533	$57,849	$125,806	$6,890,246
2016	$592,308	$1,127,080		$798,217	$21,980	$88,478	$2,628,062
2015	$511,538	$765,923		$655.175		$66,801	$1,999,437
2014	$444,231	$519,248	$716.111	$508.197	$6,393	$79,563	$2,273,743
2013	$380,019	$373,728		$364.324	$25,741	$77,676	$1,221,488

Michael W. Bayley President/CEO RCI	2020	$866,346	$4,943,887		$1,435,000	$74,355	$116,244	$7,435,832
2019	$941,923	$4,061,696		$1,803,361	$110,1190	$140,711	$7,057,881
2018	$870,769	$3,086,742		$1,577,143		$187,432	$5,722,086
2017	$792,308	$2,834,275	$2,792,203	$1,519,461	$121,223	$135,123	$8,194,593
2016	$696,154	$1,784,470		$938,428	$11,630	$107,334	$3,866,773
2015	$675,000	$1,436,142		$986,229		$115,934	$3,213,305
2014	$598,846	$944,096	$1,909,604	$861,000	$15,897	$79,207	$4,408,650
2013	$575,00	$770,630		$658,891	$67,786	$101,625	$2,173,932

Lisa Lutoff-Perlo President/CEO Celebrity	2020	$710,558	$2,719,084		$1,092,650	$130,177	$96,854	$4,749,323
2019	$770,769	$2,278,490		$1,098,258	$140,211	$142,114	$4,429,842
2018	$688,462	$1,786,762		$1,228,438		$136,520	$3,840,202
2017	$596,154	$1,558,865	$1,861,505	$1,072,083	$64,609	$123,701	$5,276,917
2016	$546,154	$1,033,167		$639,532		$92,045	$2,310,898

Harri Kulovaara EVP Maritime	2020	$803,846	$1,483,167		$830,250	$81,764	$107,746	$3,606,773
2019	$761,923	$1,139,243		$870,446	$98,382	$102,335	$3,422,329
2018	$692,308	$893,480	$924,236	$764,728		$109,262	$3,844,014

*Declined Non-Equity Incentive Plan Compensation of $3,042,000

Cruise Industry Execs Meet with Health Officials to Discuss Restart Plans

Posted on 17 April, 2021 by Spacejunkie2

FILE PHOTO: Tourists enjoy a ride on a catamaran as cruise ship Carnival Magic is seen near the shores of Cozumel on October 17, 2014./File Photo

Cruise industry executives met with health experts and White House staff earlier this week, the Centers for Disease Control and Prevention (CDC) said on Friday, following criticism of its guidelines on restarting voyages.

The discussion, which centred around how the pandemic-battered industry could get back into business, comes after the CDC said passengers and crew would need COVID-19 vaccine shots and more frequent testing, but did not give a timeline on when it will lift its ban on cruises.

Carnival Corp, the industry’s largest player, had said the instructions were “unworkable” and threatened to shift the home ports of its cruise ships to other parts of the world if the United States did not allow it to start sailing.

Industry leaders showed their frustration with the guidelines relating to vaccination requirements and sought to set up a working group with industry and CDC, the agency said in a statement about the meeting that took place on Monday.

The CDC said it wanted to restart sailing in a phased approach but again did not provide a timeline.

The chief executives of Carnival, Norwegian Cruise Line Holdings and Royal Caribbean Group attended the Monday meeting, CNBC reported.

The companies did not immediately respond to Reuters’ request for comment.

The state of Florida, where the three companies are based, had earlier this month filed a lawsuit against the CDC, demanding cruise ships be allowed to resume sailing.

“We welcome the CDC’s expressed commitment to working with the cruise industry… to address the changes in the science, including the impact of vaccines, that will move us toward our shared goal of responsibly resuming operations this summer,” the Cruise Lines International Association said in a statement.