Silverseas Acquires Crystel Endeavour for $275 Million

Posted on 18 July, 2022 by Spacejunkie2

Silversea Cruises has received court approval for the purchase of the ultra-luxury cruise ship Crystal Endeavor.

Originally delivered to Crystal Cruises in 2021, the ship will be renamed Silver Endeavour when it officially joins the Royal Caribbean Group subsidiary later this month.

The purchase price for the vessel was $275 million and was fully financed through a 15-year unsecured term loan, guaranteed by the German export credit agency, Euler Hermes, with no amortization payments in the first two years.

The fifth expedition ship in Silversea’s fleet of 11, the vessel is scheduled to begin service in winter 2022/2023, spending its inaugural season in Antarctica starting November 2022.

“With Endeavour, we are seeking to grow our world-class fleet to meet the exceptional demand for ultra-luxury expedition cruising, while also enhancing our profitability profile and affirming Silversea’s position as the industry’s leading ultra-luxury and expedition cruise line,” said Jason Liberty, president and chief executive of Royal Caribbean Group.

Built to PC6 polar class specifications, the ship can operate all of Silversea’s current expedition itineraries and is designed to take travellers to remote destinations, including both polar regions.

As part of the ongoing RCL Cares program, Royal Caribbean Group will protect the deposits of guests who were originally booked on Crystal Endeavor and make a new booking on one of its brands – Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

To the extent the Crystal Endeavor guests do not receive their deposits back from Crystal or other sources, the Royal Caribbean Group will refund any amount paid on their new booking up to the number of their lost deposits from Crystal.

Celebrity Solstice Asia Season Cancelled; Set for Mexican Riviera Instead

Posted on 13 April, 2022 by Spacejunkie2

Celebrity Cruises has announced a deployment move for the Celebrity Solstice, as the Royal Caribbean Group brand said it would cancel the ship’s 2022-2023 season in Asia.

Instead, the ship will reposition to the Mexican Riviera, the company said.

“We have made the difficult decision to cancel our Asia season due to the ongoing uncertainty around when international operations might fully restart in this region. Our guests have the option to apply their current booking to select Asia sailings in our 2023-2024 season, or, they may choose a full refund,” read a statement from Celebrity.

“We thank our guests for their patience and understanding as the world continues to reopen and we continue to work through unique circumstances. We will reposition Celebrity Solstice to sail a season of Mexican Riviera itineraries beginning in September.”

The Solstice was scheduled to move to Asia in the fall after a summer season of Alaska cruises, sailing mainly from Seattle.

After her Alaska season, the ship was scheduled for longer itineraries, including deployments in Japan in October and then moving to Southeast Asia in November and December.

MSC Cruises to Increase Dominance in Europe

Posted on 6 April, 2022 by Spacejunkie2

MSC Magnifica in Queensferry Edinburgh, Photo credit Spacejnkie2

The European market will increase by dominated by MSC Cruises, according to the 2022 Cruise Industry News Annual Report.

By 2027 MSC will not only have the most passenger cruise capacity in Europe but also be the single largest brand, based on its new build program and projected ship deployments.

MSC Cruises, including its Explora Journeys brand, will have a total passenger capacity of 4.3 million in Europe in 2027, compared to 4.0 million for Carnival Corporation brands and 1.5 million for the TUI Group.

In addition, would be ships deployed from Carnival’s North American brands and by the Royal Caribbean Group, but their passenger sourcing, pending circumstances, is primarily from the U.S.

From 2022 to 2027, MSC will see its capacity grow by 36.2 per cent, Carnival by 3.3 per cent and the TUI Group by 41.7 per cent.

MSC is a pan-European brand, along with Costa Cruises, while national brands dominate some markets, such as P&O in the UK, AIDA and TUI in Germany.

The market capacity of the Europe-based brands is estimated at 9.2 million passengers this year and is projected to grow to 11 million by 2027.