Tag Archives: investment

Royal Caribbean Inks Shanghai Rolex Masters Sponsorship

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Royal Caribbean Inks Shanghai Rolex Masters Sponsorship

Royal Caribbean International has solidified its commitment to the Chinese market by renewing its partnership with the Shanghai Rolex Masters tennis tournament.

The cruise line will continue as the Official Cruise Line Partner for the 2026 and 2027 editions of the event, marking a strategic extension of its high-profile sports marketing initiative in the region.

The renewed multi-year deal sees Royal Caribbean retaining its title sponsorship of the “Royal Caribbean Masters Practice Court” at the Qizhong Forest Sports City Arena and maintaining its exclusive branded skybox, offering guests premium viewing and interactive experiences.

This collaboration aims to fuse the world of elite sports with the brand’s signature “Live. Love. Cruise.” vacation lifestyle.

Benjamin Bouldin, Vice President and Managing Director, Greater China at Royal Caribbean International, stated that the partnership aligns with the brand’s mission to create deep connections with consumers’ passions.

“As an international brand also rooted in Shanghai, we are honored to renew our partnership with this iconic tennis event,” Bouldin said. “We believe exceptional experiences are not just about ‘arriving,’ but about resonating deeply with what people love”.

Michael Luévano, Tournament Director of the Shanghai Rolex Masters, welcomed the continued alliance, noting Royal Caribbean’s success in integrating its vacation concept into the event last year and creating memorable fan interactions.

Carnival Corp. Sets 2024 Q2 Earnings Date

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Carnival Corporation has scheduled a conference call with analysts for Tuesday, June 25, 2024, at 10 a.m. (EDT); 3 p.m. (BST) to discuss the company’s second-quarter financial results which are expected to be released that morning.

The call will allow company executives to go over the quarter, talk about an all-important third quarter and then take questions from Wall Street analysts.

A simulcast of the call will be available via the company’s websites at http://www.carnivalcorp.com and http://www.carnivalplc.com.

Oil Billionaire Says It’s Time to Move Focus to Renewables

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By Mikael Holter (Bloomberg) — Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start investing more heavily in renewable energy.

The 61-year-old suggested that a tipping point had now been reached in the energy industry while underscoring his conviction that the world will continue to need fossil fuels for years to come.

“A good hunter is a patient hunter,” Rokke said during a webcast panel discussion. He also said that investors who started “too early” has “burned through cash.”

Rokke’s investment company Aker ASA took steps earlier this year to spin off clean-energy units, joining a whirlwind of change that’s sweeping the global oil industry. The new companies have since surged in line with other renewable stocks as investors flock around sustainable assets.

In a rare public appearance at Pareto Securities AS’s Energy Conference on Wednesday, Rokke said he had discussed the timing with Aker Chief Executive Oyvind Eriksen for years.

“The key thing for us is to listen, when you are wrong, admit it, and change direction,” Rokke said. “That’s something that has served us well in this extraordinary shift in the energy sector.”

Aker’s 40% stake in oil producer Aker BP ASA, where BP Plc owns 30%, still makes up more than half of the holding company’s value. Rokke dismissed “doomsday sayers” and said Norway shouldn’t stop producing oil and gas. But he also predicted that other businesses will rapidly rise to make up most of his empire.

In as little as five years, Aker’s exposure to digital solutions and IT, primarily through its majority stake in Cognite AS, could make up between half and two-thirds of the company’s value, Rokke predicted. “Quote me on that five years from now,” he said.

“What we’re doing in the green space is also exciting,” he said. “Less than 10% of offshore wind has been installed so far. We are in the infancy.”

Aker is also working on establishing a separate unit dedicated to hydrogen, Eriksen said in a presentation before Rokke spoke.