Supply Chain In Focus for MHA Conference at Sea

MSC Divina

Among the topics set for the Marine Hotel Association’s (MHA) Conference at Sea, this December will be the cruise ship supply chain.

The Conference at Sea will run aboard MSC’s Divina on a three-night itinerary in December (Dec. 17-20); port calls will include the brand new Ocean Cay Marine Reserve as well as Nassau, as the cruise sails from Miami roundtrip.

The event brings MHA members together with relevant cruise line purchasing decision-makers.

The first session during the Conference at Sea will focus on the all-important cruise ship supply chain.

The three-hour workshop will discuss the supply chain from start to finish, purchasing to consumption and also include consolidation and loading.

Presentations are scheduled from multiple cruise operators and purchasing entities, and vendors will get the important question and answer time from panel participants ahead of business networking sessions scheduled for Thursday aboard the ship.

Immediately following the supply chain workshop, MHA members will have the opportunity to get a unique behind-the-scenes look aboard with hosted tours of key areas on the ship.

The MHA has thus far confirmed 14 participating cruise lines for its December Conference at Sea, representing 78 ships and nearly half a billion dollars in annual food spending.

Scheduled every other year, this will be the association’s third event hosted aboard a cruise ship, with previous events held with Princess Cruises and Norwegian Cruise Line

The MHA is a true not-for-profit organization, with membership dues at $500.

Its not-for-profit status also means that revenue is put back into the organization and into the famed MHA scholarship fund, which has doled out over 8,000 scholarships over 35 years.

Norwegian Cruise Line Wins Key Juneau Property Bid

Norwegian Bliss

According to media reports in Alaska, Norwegian Cruise Line Holdings was the winning bidder for the “Subport” property in Juneau Alaska, located on Egan Drive on the waterfront.

Norwegian was said to be the highest bidder, offering $20 million over Royal Caribbean’s $13 million. Other bids included Godspeed Inc. at $12,8 million, Survey Point Holdings Inc. at $5.255 million and the City of Juneau at $4.25 million.

“I think it’s fair to say that that’s a fairly shocking bid,” said Juneau City Manager Rorie Watt, via KTOO Media. “I don’t know that I’ve ever seen a property sell for six times the appraised value.”

The piece of property is 2.9 acres and will allow its owner to help expand Juneau’s tourism area and take pressures off the downtown on busy cruise days.

According to KINY Radio, the property is not zoned for a cruise ship dock.

Norwegian has a 15-day window to submit a deposit and complete the purchase agreement.

Of note, Norwegian increased its Alaska capacity some 15 per cent in 2018 with the new Norwegian Bliss, while ticket pricing increased 25 per cent. This summer capacity is up again as the Joy has moved into the market and has been a strong performer.

Norwegian Cruise Line boss nets $1.3m in the share sale

Image result for andy stewart nCL

Norwegian Cruise Line boss Andy Stuart netted $1.3 million from the sale of shares.

He sold 25,000 shares in parent company Norwegian Cruise Line Holdings in two tranches last week, according to a filing with the US Securities and Exchange Commission.

The sale at $50 per share came after the company reported record second-quarter financial results with earnings of $240.2 million for the three months to June 30.

The lift in profits came despite the impact of the abrupt US government ban on cruise ships calling into Cuba and a technical problem with the ship Norwegian Pearl which forced one cruise to be amended and another to be canceled.

Company president and CEO Frank Del Rio said at the time: “The underlying fundamentals of our business remain strong across all core markets, and we continue to expect record financial results in 2019, despite the impact from the change in federal regulations which resulted in the cessation of premium-priced Cuba sailings.”

NCLH has a market capitalization of $10.88 billion and controls NCL alongside Oceania and Regent Seven Seas Cruises.