Norwegian Cruise Line: Prices Higher Going Into 2023

Posted on 21 January, 2023 by Spacejunkie2

Norwegian Cruise Line Holdings has provided a business update ahead of its 2022 Q4 and year-end financial earnings release.

As of December 31, 2022, the company said its booked position was approximately 62 per cent for the full year 2023, in line with previously outlined expectations, and at higher prices than 2019 at a similar time.

Fourth quarter Occupancy was approximately 87 per cent, with the gap versus 2019 levels continuing to narrow sequentially.

‘We are also experiencing strong and broad-based onboard revenue generation even as occupancy increases,” the company said, noting it expects to report a net loss for the quarter and full year ended December 31, 2022, and the first quarter of 2023.

NCLH Announces $500 Million Note Offering

Posted on 20 January, 2023 by Spacejunkie2

Norwegian Cruise Line Holdings announced today that it is proposing to sell $500.0 million aggregate principal amount of its senior secured notes due 2028 in a private offering.

The Notes and the related guarantees will be secured by first-priority interests in, among other things and subject to certain agreed security principles, thirteen of the company’s vessels that also secure its senior secured credit facility.

The company said the Notes will be guaranteed by subsidiaries that own the vessels that will secure the Notes.

“We intend to use the net proceeds from the Notes Offering to repay a portion of the term loans outstanding under our senior secured credit facility that will become due in January 2024, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses,” the company said in a filing.

NCL REINTRODUCES COVID-19 TESTS FOR GUESTS EMBARKING IN CHINA

Posted on 8 January, 2023 by Spacejunkie2

Norwegian Star arriving in Liverpool photo credit Spacejunkie2 (Flickr)

Norwegian Cruise Line has reintroduced Covid-19 testing for all guests who have visited mainland China 10 days before embarkation as cases in the country continue to rise.

The move comes as a result of growing concerns regarding the virus in China, as well as recently implemented travel restrictions by countries including the UK and the US.

Between 5-31 January, guests who have visited mainland China, Hong Kong, or Macau within 10 days prior to embarkation will be required to submit proof of a negative medically supervised PCR test taken within 48 hours prior to the beginning of travel to the port.

This also applies to guests transiting through an airport in one of the countries within 10 days prior to embarkation.

Additionally, guests will be required to take a medically supervised PCR test at the port within eight hours of embarkation and will be required to test onboard the ship every 48 hours until 10 days have passed from their last time in China, Hong Kong, or Macau.

Passengers must also be fully vaccinated and boosted with a World Health Organization-approved vaccine prior to embarkation.

It comes after the EU recommended all passengers travelling from China to the EU should be required to provide evidence of a recent negative test for Covid-19.

China’s foreign ministry spokesperson this week said the restrictions being imposed on travellers from China “lacked scientific basis”, adding the Chinese government would now consider reciprocal countermeasures.