Genting refinances ‘Genting Dream’

Genting Hong Kong has raised $900 mill through a sale and leaseback transaction of the 2016 built, 150,000 gt ‘Genting Dream’. This deal was closed with a consortium of four Chinese leasing companies, through their special purpose vehicles indirectly wholly-owned by Bank of Communications Financial [Read more...]

2020-01-27T23:08:44+00:00 January 27th, 2020|Finance|

NCL Corp proposes senior notes offering

NCL Corp (NCLC), a subsidiary of Norwegian Cruise Line Holdings, has agreed to sell $565 mill aggregate principal amount of 3.625% senior notes due 2024. These will be made up of a private offering that will be exempt from the registration requirements of the US [Read more...]

2019-12-13T14:10:59+00:00 December 13th, 2019|Finance|

Brittany Ferries to take over Condor

Brittany Ferries, in a consortium with Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF), is to acquire 100% of Condor Ferries from Macquarie Infrastructure and Real Assets (MIRA). Contracts have been signed and the deal is expected to be executed following scrutiny by relevant regulatory authorities. [Read more...]

2019-11-15T21:43:58+00:00 November 15th, 2019|Finance|

Royal Caribbean reports record earnings

Royal Caribbean Cruises has reported record third quarter US GAAP earnings of $4.20 per share and adjusted earnings of $4.27 per share. These figures include a $0.13 negative impact from Hurricane ‘Dorian’. The company also updated its full year Adjusted EPS guidance to a range [Read more...]

2019-11-15T21:32:28+00:00 November 15th, 2019|Finance|

Lindblad reports increased revenues

Lindblad Exhibition Holdings has reported third quarter tour revenues of $101 mill, an increase of $13.7 mill, or 16%, compared to the same period in 2018. This increase was driven by growth of $12.1 mill at the Lindblad segment and $1.7 mill at Natural Habitat. [Read more...]

2019-11-15T20:53:54+00:00 November 15th, 2019|Finance|

Dubrovnik to tax cruise ships

Dubrovnik Municipality announced that it is to introduce a charge on foreign cruise ships. This is expected to come into force at the beginning of 2021. The new tourist tax will be between HRK2,000 and HRK40,000 per vessel, depending on the passenger capacity. It will [Read more...]

2019-10-11T18:49:02+00:00 October 11th, 2019|Finance|