Norwegian Cruise Line: Prices Higher Going Into 2023

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

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.

Port of Southampton to Host Seven Maiden Calls in 2023.

The Port of Southampton is set to host seven maiden calls in 2023 after it hailed 2022 a “successful and significant” year.

This year, the port is due to welcome 492 cruise calls and will host maiden calls from a further seven cruise ships, including new builds MSC Explora 1 and Silversea Cruises’ Silver Nova.

In 2022, the port saw 600 cruise days and eight plaque and key ceremonies for Azamara Onward, Celebrity Beyond, Silver Moon, Norwegian Prima, Aida Perla, Aida Cosma, Enchanted Princess and P&O Cruises’ Arvia.


Continuing its work to promote air quality initiatives, in spring the port switched shore power on at two of its five terminals – Horizon and Mayflower – and since then has supported 15 ships to plug in a total of 42 times for zero emissions at berth.

Rebekah Keeler, head of the cruise at Associated British Ports, said: “We’re proud to provide award-winning cruise operational support year-round to the world’s biggest and smallest cruise ships.


“Supported by our port-based cruise services providers, we look forward to another successful year in 2023.”