Panama excludes passenger vessels from toll rise

Panama’s Cabinet Council has officially approved the modification of the Panama Canal tolls structure, following a recommendation from the Panama Canal Board of Directors. The approved modifications also include adjustments made in response to topics discussed during meetings with customers and industry representatives held prior [Read more...]

2019-09-13T21:09:29+00:00 September 13th, 2019|Finance|

Lindblad reports revenue increases

Lindblad Expeditions Holdings reported second quarter 2019 tour revenues of $76.7 mill, an increase of $7.2 mill, or 10%, compared to the same period in 2018. The increase was driven by growth of $5.4 mill at the Lindblad segment and a $1.8 mill increase at [Read more...]

2019-08-18T21:14:07+00:00 August 18th, 2019|Finance|

Genting to sell 35% of Dream Cruises

Genting Hong Kong is to sell up to 35% of Dream Cruises to TPG Capital Asia, TPG Growth and Ontario Teachers’Pension Plan. The sale will strengthen Genting Hong Kong as it completes two ‘Global Class’ ships for Dream Cruises, the first of which will be [Read more...]

2019-08-18T20:45:15+00:00 August 18th, 2019|Finance|

Cruise brands boost TUI

In its fiscal year third quarter results presentation, TUI Group said that the bright spots were its three cruise lines, despite hits Brexit worries and the grounding of the Boeing 737 MAX fleet. Underlying EBITA increased by €13 mill for TUI's three cruise brands - [Read more...]

2019-08-18T20:28:43+00:00 August 18th, 2019|Finance|

NCLH sees revenue increase

Norwegian Cruise Line Holdings reported a GAAP net income of $240.2 mill or EPS of $1.11 for the second quarter of this year, compared to $226.7 mill or $1.01 EPS in 2Q18. Adjusted net income was $28. 2.1 mill or adjusted EPS of $1.30, compared [Read more...]

2019-08-18T20:21:54+00:00 August 18th, 2019|Finance|

Higher revenues boost RCL’s earnings

Royal Caribbean Cruises (RCL) has reported record second quarter results in its second quarter 2019 presentation. US GAAP net income for 2Q19 was $472.8 mill or $2.25 per share and adjusted net income was $532.7 mill or $2.54 per share. Last year, US GAAP net [Read more...]

2019-07-28T11:40:05+00:00 July 28th, 2019|Finance|