Tag Archives: Dave R Jones

Virgin will optimise maintenance through remote monitoring

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Virgin will optimise maintenance through remote monitoring

A new cruise ship owner has appointed Wärtsilä to provide remote operational support for a fleet of new builds, which involves real-time performance monitoring.

Virgin Voyages has assigned responsibility for the maintenance of three cruise ships to propulsion supplier, Wärtsilä. Under a 10-year optimised maintenance agreement, Wärtsilä will maintain the vessels through dynamic planning and remote monitoring in real-time.

To achieve this, Wärtsilä will monitor engine room systems to decide on maintenance schedules, aiming to extend service intervals when the equipment does not require maintenance.

Overhauls can be scheduled to fit the operations of the vessel, improving availability and minimising unnecessary downtime.

This agreement covers remote operational support services, specific fuel oil consumption meters and calibration, spare parts and technical advisory services for the engines. It also includes technical support and training for Virgin Voyages’ personnel.

Virgin Voyages’ three new buildings are scheduled to begin operations in 2020, 2021 and 2022. All three will be equipped with Wärtsilä 46F engines, Wärtsilä’s hybrid scrubber system and selective catalytic reduction systems for exhaust gas cleaning. They will also be outfitted with Wärtsilä’s Nacos Platinum integrated bridge systems.

Virgin Voyages is a joint venture between Sir Richard Branson’s Virgin Group and Bain Capital.

With long waits for new builds, current ships get new cabins

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Image result for cruise ship renovations

MS Enchantment of the Seas refurbishment/lengthening in 2005

By Tom Stieghorst |Jul 30, 2018.

Ship renovations are big business and getting bigger as cruise lines face long waits at shipyards to build new vessels.

Celebrity Cruises recently announced it will spend $500 million, up from an original target of $400 million, to modernize its fleet and harmonize it with the new class of ships coming, beginning with the Celebrity Edge.

The Edge is coming in November. There are three more copies coming in 2020, 2021 and 2022. So there’s no lack of new capacity for Celebrity. But if it is interested in adding more, getting space at a shipyard is increasingly competitive: major slots already being booked into 2027.

Likewise, at sister-brand Royal Caribbean International, there are newbuilds lined up, starting with the Spectrum of the Seas in 2019. But like Celebrity, Royal is also on a renovation tear. It has budgeted $900 million to upgrade 10 ships over the next four years, but it wouldn’t be surprising if the end amount of its Royal Amplified program is closer to $1 billion.

The first of those ships, the Independence of the Seas, received a total of 107 new cabins in the process of its renovation, which ended up costing Royal $110 million. In addition to a big block of cabins added above the gym, Royal squeezed a few more cabins here and thereby converting areas from other users.

For example, Royal got rid of a cigar smoking venue, moved the library into the former cigar lounge and then carved four cabins from the old library space.

The Mariner of the Seas, the next ship to get amped up, got a $120 million makeover for the short cruise market out of Florida, raising its capacity from 3,114 to 3,344 at a drydock in The Bahamas.

By adding cabins during drydock, Royal Caribbean is swelling its overall fleet capacity in an under the radar way. It is also taking advantage of the availability of renovation shipyards around the world, which although busy, are not as busy as the European yards where ships get built from scratch.

Some of the new entrants that are clogging the shipyard order books, such as Viking Ocean Cruises and Virgin Voyages, are not much competition for drydock space because their ships are all either under construction or are too new to need much work.

So look for the established cruise lines to do more quiet capacity expansion as they upgrade their ships along the way.

Higher Ticket Prices and Onboard Spend Primary Drivers for Royal Caribbean’s Q2

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Symphony of the Seas

With capacity up 2.6 per cent, higher ticket prices and onboard revenue were the main drivers for Royal Caribbean Cruises reporting record results today in the second quarter.

Royal Caribbean reported net income of (GAAP) $466.3 million, or $2.19 per share, on revenues of $2.3 billion for its second quarter ended June 30, 2018, compared to net income of $369.5 million, or $1.71 per share, on revenues of $2.2 billion last year.

Ticket revenue per passenger day was $163.76 for the second quarter of this year, compared to $158.92 last year and the onboard spend was $65.12 compared to $61.70 per passenger last year.

Operating expenses rose moderately at $128.70 per passenger day with increases in all expense categories, from $126.30 last year.

With operating income of $456.9 million this year, up $37.2 million from $419.7 million, $9.4 million in interest and other income this year, compared to a $50.2 million in interest and other expenses last year, contributed further to boost net income to $466.3 million over $369.5 million.

The increase in per share income was also boosted by fewer outstanding shares, a result of Royal Caribbean’s share buyback program. Outstanding shares numbered 212.5 million, compared to 216.1 million for the same period last year.

Royal Caribbean reported 10,213,067 passenger cruise days this year, up from 9,950,570 passenger cruise days last year, and 1,461,055 passengers, compared to 1,433,339 in 2017.