Tallink suffers a year of contrasts

In 2018, Estonian-based shipping company Tallink Grupp transported the highest number of passengers and cargo in its history but suffered a decrease in revenue and profit. The total number of passengers increased to 9.8 mill last year, nearly 900 pax more than in 2017. A [Read more...]

2019-03-16T14:14:52+00:00 March 16th, 2019|Finance|

Lindblad to enjoy significant growth this year

Lindblad Expeditions Holdings has reported full year tour revenues of $309.7 mill, an increase of $43.2 mill, or 16%, compared to 2017. The increase was driven by growth of $29.5 mill at the Lindblad segment and a $13.7 mill increase at Natural Habitat. Lindblad segment tour revenues of $246.3 mill increased by [Read more...]

2019-03-02T19:51:25+00:00 March 2nd, 2019|Finance|

NCLH reports record results

Norwegian Cruise Line Holdings (NCLH) has reported record revenue and earnings for the fourth quarter of 2018 and the full year. For the full year, GAAP net income was $954.8 mill or EPS of $4.25, compared to $759.9 mill or $3.31 in 2017.  NCLH generated [Read more...]

2019-03-02T19:08:45+00:00 March 2nd, 2019|Finance|

Royal Caribbean reports stellar year

Royal Caribbean Cruises ended 2018 with record financial results, despite the unfavourable impact from fuel and currency costs. US GAAP net income for the year was $1.8 bill or $8.56 per share and adjusted net income was $1.9 bill or $8.86 per share, versus US GAAP and adjusted net [Read more...]

2019-02-17T18:28:27+00:00 February 17th, 2019|Finance|

ICG receives EIB loan for two ropaxes

The European Investment Bank (EIB) is providing €155 mill to finance two new ropaxes for Irish Continental Group’s (ICG) subsidiary Irish Ferries. The two new ferries will increase passenger and cargo capacity on routes to Ireland, replace older and smaller vessels and significantly reduce emissions [Read more...]

2019-01-28T11:11:49+00:00 January 28th, 2019|Finance|

NCLH refinances senior secured credit facility

Norwegian Cruise Line Holdings (NCLH), together with NCL Corp, has refinanced its senior secured credit facility. NCLH amended its existing senior secured credit facility by repricing its $875 mill revolving credit facility, repricing and increasing its Term A loan facility to about $1.6 bill and [Read more...]

2019-01-13T22:17:46+00:00 January 13th, 2019|Finance|

Tallink joins Nasdaq Helsinki

Estonian ferry company Tallink Grupp started trading on Nasdaq Helsinki Main Market on 3rd December. Tallink’s shares are already listed on the main market of Nasdaq Tallinn since December, 2005. ”Nasdaq Helsinki is the perfect fit for our secondary listing, being one of our most [Read more...]

2018-12-17T09:31:54+00:00 December 17th, 2018|Finance|