Big Cruise Companies Burning Through $1 Billion a Month

Posted on 12 August, 2020 by Spacejunkie2

https://www.cruiseindustrynews.com/

Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line Holdings are burning through over $1 billion per month without revenue-generating cruises in service.

According to the 2020 Cruise Industry News Annual Report, the three companies account for approximately 73.8 per cent of the global cruise market share.

Carnival Corporation said that during its pause in guest operations, the monthly average cash burn rate for the second half of 2020 is estimated to be approximately $650 million per month.

At Royal Caribbean Cruises, the company said it estimates its cash burn to be, on average, in the range of approximately $250 million to $290 million per month during a prolonged suspension of operations.

Norwegian Cruise Line Holdings, which has the smallest fleet of the three companies, said its cash burn is approximately $160 million per month during the suspension of operations. The average cash burn per ship per month is $5.7 million

Croatian Media: Flying Clipper Has Been Sold

Posted on 29 December, 2019 by Spacejunkie2

A news report out of Croatia says the Flying Clipper has an owner.

“As we find out in Brodosplit, the ship has been sold, and the new owners of the Flying Clipper will be revealed soon,” 24sata reported.

Built for Star Clippers at Brodosplit in Croatia, the Flying Clipper was completed earlier this year but was never delivered to its owner.

Brodosplit has since been showing off the ship and has released various photos and videos, showing a completed interior, staterooms and public areas. Sources previously told Cruise Industry News that the vessel was available to other customers, either for sale or on a long-term charter for Brodosplit.

The shipyard did not reply to a request for comment.

The ship is said to be the most advanced sailing vessel in the world, built for 300 guests at an estimated cost of $100 million.

Curacao Traffic Boosted by New Pier

Posted on 21 March, 2018 by Spacejunkie2

Traffic is skyrocketing in Curacao as the 2018 calendar year is set to see a 16 percent increase in passenger arrivals boosted by a second mega pier, which opened to ships in late 2017. Additional mooring dolphins added early this year allow for even bigger ships to dock, according to Raul Manotas, COO of Curacao Ports.

“With our new mega pier completed, we expect to see a continuation of the growing trend of the last decade. Our objective is to reach the million passenger mark,” Manotas told Cruise Industry News.

Summer traffic this year includes 63 calls and accounts for about 23 percent of passenger arrivals.

“The second mega pier was essential in driving additional growth opportunities in the industry,” continued Manotas. “Our primary objective is to further brand the destination and establish strategic partnerships that can promote the destination. Curacao offers a unique blend of culture, history, gastronomy and entertainment that we will capitalize on.”

Interporting is done primarily by niche and luxury lines, Manotas said. “The objective is to further promote this among the smaller lines,” he added.