Tag Archives: NCL

PortMiami Reports Increased Economic Impact in 2023

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PortMiami’s annual economic impact has grown to $61.4 billion, up from $41.4 billion in 2016, according to a study conducted by Martin Associates, according to a press release.

The study measured PortMiami’s impact in terms of jobs, business revenue, consumer spending and state and local taxes. PortMiami has contributed $2.2 billion in state and local taxes, of which $1.6 billion is attributed to port users. Additionally, 340,078 jobs are supported by port activity, including 29,423 direct local jobs.

“PortMiami is not only one of Miami-Dade County’s most important economic engines, its economic impact is also felt regionally and globally,” said Miami-Dade County Mayor Daniella Levine Cava. “This report confirms the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of our community, in addition to our commitment to resilience and reducing our carbon footprint with shore power and our net zero plan.” 

Highlights of the 2023 study:

  • $61.4 billion in total economic activity, which accounts for 3.9 per cent of the $1.6 trillion Gross Domestic Product (GDP) for the state of Florida.
  • $2.2 billion in state and local taxes, of which $1.6 billion is attributed to Port users.
  • 340,078 jobs supported by port activity, including 29,423 direct local jobs.

The economic impact analysis was based on data obtained through interviews and telephone survey programs of the seaport’s tenants and the companies providing cruise and cargo services at PortMiami. In addition, a survey of cruise passengers and crew was conducted to develop passenger spending profiles pre- and post-cruise as well as the spending characteristics of the crew during each port call at Miami. 

“The seaport continues to play a critical role in the economic vitality of our region. We will continue to invest in our infrastructure to ensure that PortMiami remains a world-class cruise and cargo port,” said Hydi Webb, director and CEO, of PortMiami. “I want to thank all the seaport’s partners for their unrelenting support. Our continued growth and success are a result of strong collaborations.” 

Norwegian Cruise Line to Host 2024 Investor Day

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Norwegian Cruise Line Holdings announced that it will host its 2024 Investor Day on May 20 at the New York Stock Exchange, NYC.

According to a press release, the event will feature presentations and a Q&A session with Harry Sommer, president and chief executive officer, as well as other members of the company’s senior leadership team.

Attendance at the live event is by invitation only and will be broadcast online, available to all interested parties. A replay of the webcast and related slide presentations will remain accessible on NCL’s website for an additional 30 days.

New Norwegian Aqua Floats Out At Fincantieri

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Norwegian Cruise Line and its partners at Fincantieri celebrated the float out of the Norwegian Aqua from the drydock at the shipyard in Marghera (Venice), Italy.

This marks the completion of the external work on the ship ahead of its April 2025 debut.

As per maritime tradition, two ceremonial coins were welded into the Norwegian Aqua, which historically symbolized an offering to gods and goddesses of the sea in exchange for good luck and safe passage. The ceremony was followed by a blessing by a local chaplain and celebratory champagne breaking across the ship’s hull.

“We are excited to celebrate another milestone with our partners at Fincantieri, who are integral to the Prima Class journey and supporting us in evolving the amazing experience we design and deliver for our guests,” said David J. Herrera, president of Norwegian Cruise Line. “Building upon the guest-favourite features of the award-winning vessels of this class, the 10 per cent increase in space provides us with more flexibility to deliver more offerings and more beautifully designed venues for our guests to relax and explore on board Norwegian Aqua.”

At 156,300 gross tons and a length that spans 1,056 feet, the Norwegian Aqua will be 10 per cent larger than the first two Prima Class ships. The ship will also offer luxurious accommodations in The Haven by Norwegian®, including the line’s first-ever Three-Bedroom Duplex Haven Suites.  

 “We are excited to mark this significant moment with Norwegian Cruise Line as we witness the float out of Norwegian Aqua, which represents a new chapter in our long-lasting partnership,” said Luigi Matarazzo, general manager of the Fincantieri Merchant Ships Division. “We are proud to be part of this transformative journey in which innovation, a cornerstone of our industrial plan, is one of our key points, as we strive to push boundaries and elevate industry standards.”