Tag Archives: Oceania Cruise

Oceania Cruises Floats Out New Ship Allura In Italy

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Oceania Cruises celebrated the float out of its new ship, the Allura, at the Fincantieri shipyard in Sestri Ponente, Italy.

The 1,200-guest ship was floated from the drydock and moved to the fitting-out berth to begin outfitting interiors, the company announced.

The Allura was blessed by the shipyard’s chaplain, Father Stefano and christened by Caterina Romeo, a designer in Fincantieri’s technical department.

“Our hearts and minds are with the entire team at Fincantieri as they mourn the passing of General Graziano,” stated Frank A. Del Rio, president of Oceania Cruises.

“The float out is an important moment for all at Oceania Cruises and Fincantieri, as we progress closer to Allura joining our family. Now that we have completed her shell, we are excited to get started on her interior. We have lots of exciting enhancements on Allura, our eighth vessel, further elevating our offerings and firmly cementing Oceania Cruises as the only ultra-premium cruise brand.”

The Allura will enter service from Trieste, Italy, on July 18, 2025, sailing to Athens, Greece, and visiting Rijeka, Croatia; Ravenna, Italy; Dubrovnik, Croatia; and Kotor, Montenegro. After her summer season in the Mediterranean, the Allura will sail to Canada and New England for a series of voyages in North America before her inaugural winter season in the Caribbean, homeporting in Miami. 

NCLH Records Record-Breaking Wave Season

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Norwegian Cruise Line Holdings (NCLH) has entered 2023 with a record-booked position at a higher price, with each of its three brands experiencing “record-breaking” wave periods.

The Norwegian Cruise Line (NCL), Oceania Cruise and Regent Seven Seas Cruises parent has seen “very strong” demand so far in 2023, according to a recent trading update covering the fourth quarter and full year to 31 December 2022. 

The company entered the year with a cumulative booked position of approximately 62% for 2023, in line with previously outlined expectations and within the firm’s optimal 60% to 65% range, and at higher prices than 2019 at a similar point in time.

Booking volumes have accelerated in recent months buoyed by strong wave season demand, NCLH said, with its brands achieving several booking records in recent months.

As a result, the full-year 2023 cumulative booked position is ahead of 2019 levels inclusive of the company’s 19% increase in capacity.

NCLH expects this positive momentum to continue throughout the year, with occupancy expected to average 100% for the first quarter and is on track to reach “historical levels” for the second quarter.

As of 31 December 2022, the company’s advance ticket sales balance, including the long-term portion, was $2.7 billion, approximately 9% higher than the prior quarter and approximately 30% greater than at year-end 2019.

NCLH Announces $500 Million Note Offering

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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.