Fincantieri acquires STX France

Through its subsidiary Fincantieri Europe, Fincantieri has signed a share purchase agreement (SPA) for the acquisition of 50% of the share capital of STX France from the French State, represented by the Agence des Participations de l'Etat (APE). The signing took place after the resolution [Read more...]

2018-02-14T07:59:11+00:00 February 14th, 2018|Finance|

Royal Caribbean sustains growth

Royal Caribbean Cruises reported 2017 US GAAP and adjusted earnings of $7.53 per share — beating the its own double-double EPS target and the mid-point of previous guidance by $0.75 and $0.16, respectively. In addition, the company announced that 2018 adjusted earnings are expected to be [Read more...]

2018-02-01T07:05:36+00:00 February 1st, 2018|Finance|

RCCL negotiates large loan

Miami-based Royal Caribbean Cruises Ltd (RCCL) has secured €2.5 bill to finance construction of its two Icon-class LNG-powered cruise ships. The loan is being provided by an international consortium led by German finance house KfW IPEX-Bank and includes BNP Paribas, HSBC, Commerzbank, Santander, BBVA, Bayern/LB, [Read more...]

2018-01-04T10:10:00+00:00 January 4th, 2018|Finance|

Cruise sector helps boost TUI Group results

German-based Travel giant TUI Group increased its underlying EBITA by 12%, with turnover up 11.7% for fiscal 2017 (1st October, 2016 to 30th September, 2017). Despite a challenging market environment, TUI again outperformed its guidance of delivering at least 10% growth in underlying EBITA, the [Read more...]

2017-12-14T11:34:40+00:00 December 14th, 2017|Finance|

NCLH to switch to NYSE

Norwegian Cruise Line Holdings (NCLH) is to transfer its ordinary shares from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE). The Company expects to begin trading on the NYSE on 19th December, 2017, under its current ticker symbol ‘NCLH’. The company [Read more...]

2017-12-14T11:26:12+00:00 December 14th, 2017|Finance|

NCLH posts positive results

Norwegian Cruise Line Holdings (NCLH) GAAP net income was $400.7 mill (EPS $1.74) for the third quarter of this year, compared to $342.4 mill ($1.50) in 3Q16. The Company generated adjusted net Income of $427 mill (Adjusted EPS $1.86), compared to $369.3 mill ($1.62) in [Read more...]

2017-11-13T15:49:38+00:00 November 13th, 2017|Finance|

Royal Caribbean finances ‘Icon’ Ships

Miami-based cruise company Royal Caribbean International (RCI) has entered into credit agreements for the financing of the recently announced first and second Project Icon ships. Under the deals, reportedly signed on 11th October, 2017, RCI will receive an unsecured US dollar-denominated term loan, the substantial majority of [Read more...]

2017-10-22T18:41:22+00:00 October 22nd, 2017|Finance|